Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.055%

Price spread now: Deribit against Variational Omni+0.199%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Deribit

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.199% dearer against Variational Omni than usual: you sell high and buy low (spread +0.199% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TIA	0.4361	0.0100	pay 0.0050% / 4h	2h 43m	$102K	$84K	—
Short	Deribit TIA_USDC-PERPETUAL	0.4370	0	get 0.0000% / 1h	43m 22s	$30K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.199%Rate

Funding earned: −$21
Price spread: +0.199% → 0.000%: $19.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$8.11
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Deribit: no order-book sample. 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 Variational Omni RFQ quote, 36 min ago	4.56 bp	doesn't fit	27.4 bp −$274	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
ApeX Omni TIAUSDT	−0.0369%	1h	0.4367	+0.130%	$49K	$232K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0115%	4h	0.4368	+0.153%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4371	+0.223%	$357K	$228K	50x	as long as short
KuCoin TIAUSDTM	−0.0002%	4h	0.4368	+0.153%	$4.2M	$8.9M	50x	as long as short
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	0.4370	+0.199%	$30K	$27K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4372	+0.242%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0037%	4h	0.4368	+0.153%	$9.5M	$13.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4372	+0.254%	$128K	$371K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4367	+0.130%	$5K	$341K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4376	+0.330%	$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	0.4369	+0.178%	$34K	$240K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4372	+0.252%	$14.4M	$42.1M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4372	+0.245%	$983K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4372	+0.245%	$12.5M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4371	+0.222%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4369	+0.176%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4371	+0.226%	$101K	$161K	10x	as long as short
Variational Omni TIAlong	+0.0100%	4h	0.4361	long leg	$102K	$84K	—
HTX TIA-USDT	+0.0100%	4h	0.4363	+0.038%	$58K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4367	+0.139%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4371	+0.222%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0143%	1h	0.4372	+0.252%	$52K	$199	10x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4368	+0.151%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4352	−0.214%	$26K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4377	+0.359%	$51K	$76K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4373	+0.268%	$1.3M	$617K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0461% / S −0.3505%	1h	0.4367	+0.132%	$36K	—	100x	as long as short