Funding you earn now, next payment 04:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.005%
Price spread now: Backpack against ApeX Omni+0.143%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$640.638% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.430%−$43 · spread now +0.143%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.163% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni TIAUSDT | 0.4414 | −0.0070 | get 0.0009% / 1h | 3m 09s | $50K | $230K | 50x |
| Short | Backpack TIA_USDC_PERP | 0.4420 | 0.0100 | get 0.0013% / 1h | 3m 09s | $102K | $166K | 10x |
ApeX Omni TIAUSDT
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $35.7
- Price spread: +0.143% → −0.020%
- $16.32
- Slippage, 4 orders
- −$43.78
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$11.76
- Costs to cover
- 0.638%
- Break-even
- 9.3 days
Slippage from ApeX Omni: live order book, 53 min ago; Backpack: live order book, 55 min ago.
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 ApeX Omni live order book, 53 min ago | 7.94 bp | 16.0 bp −$16 | 105.9 bp −$1,059 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 55 min ago | 1.94 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 TIAUSDTlong | −0.0070% | 1h | 0.4414 | long leg | $50K | $230K | 50x | |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4426 | +0.272% | $31K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4426 | +0.267% | $1K | — | 150x | as long as short |
| Variational Omni TIA | +0.0091% | 4h | 0.4411 | −0.074% | $103K | $66K | — | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4431 | +0.390% | $156K | $420K | 10x | as long as short |
| KuCoin TIAUSDTM | +0.0096% | 4h | 0.4422 | +0.181% | $4.3M | $9.2M | 50x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4425 | +0.249% | $5K | $251K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4431 | +0.387% | $4.8M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4423 | +0.194% | $33K | $245K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4425 | +0.249% | $14.5M | $43.2M | 75x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Variational Omni TIA
Lighter TIA
KuCoin TIAUSDTM
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | +0.0100% | 4h | 0.4421 | +0.159% | $9.8M | $13.6M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4421 | +0.159% | $2.8M | $6.3M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4426 | +0.272% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4426 | +0.272% | $11.9M | $6.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4424 | +0.227% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4423 | +0.204% | — | $101.7M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4420 | +0.143% | $102K | $166K | 10x | |
| HTX TIA-USDT | +0.0100% | 4h | 0.4420 | +0.136% | $59K | $74K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4420 | +0.125% | $56K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4425 | +0.250% | $7K | — | 3x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0164% | 1h | 0.4423 | +0.202% | $361K | $194K | 50x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4422 | +0.178% | $6K | — | 15x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4422 | +0.181% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4419 | +0.113% | $1.6M | $737K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0384% | 1h | 0.4449 | +0.793% | $52K | $77K | 50x | as long as short |
| dYdX TIA-USD | +0.0426% | 1h | 0.4418 | +0.091% | $52K | $139 | 10x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0495% / S −0.1196% | 1h | 0.4425 | +0.259% | $41K | — | 100x | as long as short |
Bybit TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Kraken Futures PF_TIAUSD
Reya TIARUSDPERP
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
dYdX TIA-USD
GMX TIA/USD [ETH-USDC]