TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.024%

Price spread now: Lighter against Reya+0.195%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.195% dearer against Reya than usual: you sell high and buy low (spread +0.195% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TIARUSDPERP	0.4352	0.0181	pay 0.0023% / 1h	42m 07s	$6K	—	15x
Short	Lighter TIA	0.4360	0.0096	get 0.0012% / 1h	42m 07s	$150K	$424K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.195%Rate

Funding earned: −$17.89
Price spread: +0.195% → 0.000%: $19.47
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.42
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 58 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 Lighter live order book, 58 min ago	2.20 bp	13.4 bp −$13	78.8 bp −$788	327.3 bp −$32.7K	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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4355	+0.078%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4356	+0.104%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0037%	1h	0.4359	+0.169%	$50K	$226K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0053%	4h	0.4351	−0.014%	$2.7M	$6.5M	50x	as long as short
Lighter TIAshort	+0.0096%	1h	0.4360	+0.195%	$150K	$424K	10x
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4354	+0.055%	$7K	$253K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4360	+0.197%	$4.6M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4353	+0.038%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4354	+0.055%	$13.6M	$47.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4353	+0.032%	$9.8M	$14.0M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4356	+0.101%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4355	+0.078%	$13.0M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4353	+0.032%	$4.2M	$9.7M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4351	−0.014%	$4.4M	$3.9M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4352	+0.009%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4355	+0.087%	$101K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4347	−0.112%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4353	+0.032%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4351	−0.008%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4354	+0.055%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0121% / S +0.0053%	1h	0.4356	+0.090%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSD	+0.0146%	1h	0.4354	+0.052%	$345K	$201K	50x	as long as short
Injective TIA/USDC PERP	+0.0176%	1h	0.4362	+0.238%	$24K	$11K	12x	as long as short
Reya TIARUSDPERPlong	+0.0181%	1h	0.4352	long leg	$6K	—	15x
dYdX TIA-USD	+0.0244%	1h	0.4353	+0.038%	$52K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4356	+0.101%	$1.7M	$703K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0408%	1h	0.4395	+0.997%	$47K	$87K	50x	as long as short