Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.068%

Price spread now: KuCoin against Reya+0.066%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 KuCoin

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 · farm boardneeds both histories

The price spread pays, funding is against you. KuCoin is 0.066% dearer against Reya than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4326	0.0180	pay 0.0022% / 1h	56m 10s	$6K	—	15x
Short	KuCoin TIAUSDTM	0.4329	−0.0012	pay 0.0006% / 4h	2h 56m	$4.2M	$8.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$40.22
Price spread: +0.066% → 0.000%: $6.63
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.58
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	3.43 bp	38.5 bp −$38	98.4 bp −$984	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
OKX TIA-USDT-SWAP	−0.0128%	4h	0.4328	+0.043%	$2.8M	$5.9M	50x	as long as short
KuCoin TIAUSDTMshort	−0.0012%	4h	0.4329	+0.066%	$4.2M	$8.8M	50x
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4331	+0.121%	$356K	$226K	50x	as long as short
dYdX TIA-USD	0.0000%	1h	0.4330	+0.089%	$51K	$199	10x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4329	+0.066%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4330	+0.087%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0085%	4h	0.4328	+0.043%	$9.4M	$13.0M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4333	+0.161%	$138K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4330	+0.089%	$5K	$351K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4335	+0.200%	$4.6M	$1.6M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4335	+0.203%	$34K	$240K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4332	+0.136%	$14.3M	$41.9M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4330	+0.089%	$973K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4329	+0.066%	$12.5M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4326	−0.003%	$4.3M	$3.3M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4328	+0.043%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4328	+0.048%	$103K	$158K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4323	−0.065%	$101K	$84K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4357	+0.714%	$49K	$232K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4332	+0.136%	$58K	$72K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4325	−0.020%	$54K	$184K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4331	+0.122%	$7K	—	3x	as long as short
Reya TIARUSDPERPlong	+0.0180%	1h	0.4326	long leg	$6K	—	15x
Injective TIA/USDC PERP	+0.0266%	1h	0.4348	+0.506%	$26K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4360	+0.783%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4339	+0.297%	$1.3M	$608K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4330	+0.090%	$35K	—	100x	as long as short