TIA arbitrage explained
Right now Celestia (TIA) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.4471 and the highest bid on Gate spot at $0.448.
The widest TIA perpetual spread is between Bybit and Variational: long TIA on Bybit at $0.4471 and short on Variational at $0.4476 for +0.11% gross, or -0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.026% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TIA route is to buy spot on Bybit and short the perpetual on Variational: 0.00% gross, -0.20% net, with -0.141% a day of funding on the short leg.
Spot–spot TIA arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows +0.09% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small TIA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: TIA funding rates · TIA spread charts · Celestia price · arbitrage scanner for all coins.