TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.023%

Price spread now: Hyperliquid against Reya+0.225%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.225% dearer against Reya than usual: you sell high and buy low (spread +0.225% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4430	0.0180	pay 0.0023% / 1h	10m 05s	$6K	—	15x
Short	Hyperliquid TIA	0.4440	0.0100	get 0.0013% / 1h	10m 05s	$4.8M	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee HyperliquidbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$16.82
Price spread: +0.225% → 0.000%: $22.51
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$9.31
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 2 min ago	1.35 bp	12.7 bp −$13	doesn't fit	doesn't fit	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TIAUSDT	−0.0078%	4h	0.4431	+0.013%	$9.7M	$13.5M	50x	as long as short
KuCoin TIAUSDTM	−0.0014%	4h	0.4430	−0.010%	$4.3M	$9.0M	50x	as long as short
Variational Omni TIA	−0.0009%	4h	0.4424	−0.153%	$104K	$85K	—	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4437	+0.148%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4437	+0.145%	$1K	—	150x	as long as short
Kraken Futures PF_TIAUSD	+0.0074%	1h	0.4437	+0.155%	$363K	$204K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4441	+0.236%	$157K	$416K	10x	as long as short
Hyperliquid TIAshort	+0.0100%	1h	0.4440	+0.225%	$4.8M	$1.6M	5x
Aster TIAUSDT	+0.0100%	4h	0.4440	+0.225%	$33K	$246K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4435	+0.098%	$14.6M	$42.8M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4432	+0.036%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4436	+0.126%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4435	+0.103%	$12.2M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4432	+0.036%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4434	+0.081%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4436	+0.121%	$102K	$154K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4432	+0.036%	$50K	$231K	50x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4433	+0.058%	$5K	$297K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4437	+0.148%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4430	−0.002%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4433	+0.065%	$7K	—	3x	as long as short
Reya TIARUSDPERPlong	+0.0180%	1h	0.4430	long leg	$6K	—	15x
dYdX TIA-USD	+0.0204%	1h	0.4441	+0.241%	$53K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4441	+0.239%	$554K	$720K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4443	+0.284%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0495% / S −0.1196%	1h	0.4436	+0.129%	$41K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4435	+0.103%	$26K	$10K	12x	as long as short