Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.210%

Price spread now: dYdX against Variational Omni−0.172%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

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

Funding pays, the price is against you. dYdX is 0.172% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 6.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TIA	0.4342	0.0100	pay 0.0050% / 4h	2h 40m	$102K	$84K	—
Short	dYdX TIA-USD	0.4334	0.0194	get 0.0024% / 1h	40m 29s	$51K	$199	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $19.84
Price spread: −0.172% → 0.000%: −$17.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$7.38
Costs to cover: 0.100%
Break-even: 9.6 days

Slippage unknown: Variational Omni: RFQ quote, 39 min ago; dYdX: 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, 39 min ago	4.56 bp	doesn't fit	27.4 bp −$274	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0229%	1h	0.4371	+0.672%	$49K	$232K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0115%	4h	0.4334	−0.180%	$2.7M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0006%	4h	0.4328	−0.318%	$4.2M	$8.9M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4349	+0.175%	$355K	$227K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4345	+0.073%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4333	−0.202%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0032%	4h	0.4330	−0.272%	$9.4M	$13.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4333	−0.203%	$127K	$371K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4335	−0.157%	$5K	$331K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4336	−0.143%	$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	0.4338	−0.078%	$34K	$240K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4334	−0.180%	$14.2M	$42.4M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4332	−0.226%	$974K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4332	−0.226%	$12.3M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4330	−0.272%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4332	−0.226%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4344	+0.045%	$100K	$162K	10x	as long as short
Variational Omni TIAlong	+0.0100%	4h	0.4342	long leg	$102K	$84K	—
HTX TIA-USDT	+0.0100%	4h	0.4352	+0.234%	$58K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4330	−0.262%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4334	−0.188%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4328	−0.321%	$6K	—	15x	as long as short
dYdX TIA-USDshort	+0.0194%	1h	0.4334	−0.172%	$51K	$199	10x
Injective TIA/USDC PERP	+0.0266%	1h	0.4352	+0.234%	$26K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4377	+0.810%	$51K	$76K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4373	+0.718%	$1.3M	$617K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0461% / S −0.3505%	1h	0.4332	−0.227%	$35K	—	100x	as long as short