Settings8H · net · $10k
Funding arb · Price arb /

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Hyperliquid against Variational Omni0.000%7-day average +0.106% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.011%+$1 on $10k
Price spread, last 4 days (all we have)−0.948%−$95 · spread now 0.000%, 7d avg +0.106%
Together, before fees−0.937%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$94 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.106% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.106%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TIA0.44560.0100pay 0.0050% / 4h3h 58m$136K$78K
ShortHyperliquid TIA0.44560.0100get 0.0013% / 1h58m 20s$4.8M$1.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: 0.000% → +0.106%
−$10.63
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19.63
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 51 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 51 min ago5.68 bpdoesn't fit30.7 bp −$307doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.11 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX TIA/USD [ETH-USDC]L −0.1603% / S +0.0101%1h0.4450−0.148%$5K100xas long as short
Kraken Futures PF_TIAUSD−0.0113%1h0.4453−0.087%$352K$212K50xas long as short
ApeX Omni TIAUSDT−0.0089%1h0.4442−0.323%$51K$225K50xas long as short
Backpack TIA_USDC_PERP−0.0026%1h0.4452−0.094%$103K$174K10xas long as short
dYdX TIA-USD0.0000%1h0.4458+0.043%$53K$13910xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4451−0.121%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4451−0.121%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0037%4h0.4448−0.188%$2.8M$6.8M50xas long as short
Injective TIA/USDC PERP+0.0048%1h0.4450−0.144%$24K$12K12xas long as short
Lighter TIA+0.0096%1h0.4461+0.092%$194K$467K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_TIA_USDC+0.0099%4h0.4450−0.144%$7K$226K10xas long as short
Hyperliquid TIAshort+0.0100%1h0.44560.000%$4.8M$1.5M5x
Aster TIAUSDT+0.0100%4h0.4453−0.080%$33K$249K10xas long as short
Binance TIAUSDT+0.0100%4h0.4452−0.099%$14.1M$48.4M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4450−0.144%$10.1M$14.2M50xas long as short
Gate TIA_USDT+0.0100%4h0.4451−0.121%$1.0M$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4451−0.121%$12.3M$14.1M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4450−0.144%$4.3M$10.0M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4447−0.211%$4.4M$4.1M75xas long as short
BingX TIA-USDC+0.0100%4h0.4447−0.211%$6.5Mas long as short
Variational Omni TIAlong+0.0100%4h0.4456long leg$136K$78K
HTX TIA-USDT+0.0100%4h0.4456−0.009%$59K$76K50xas long as short
Extended TIA-USD+0.0104%1h0.4450−0.135%$57K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4452−0.099%$7K3xas long as short
Reya TIARUSDPERP+0.0182%1h0.4446−0.235%$6K15xas long as short
BloFin TIA-USDT+0.0340%4h0.4448−0.188%$1.7M$718K75xas long as short
Coinbase International TIA-PERP-INTX+0.0416%1h0.4459+0.058%$52K$104K50xas long as short