TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.046%

Price spread now: Kraken Futures against ApeX Omni−0.087%75s7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$870.866% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.302%+$30 on $10k

Price spread, last 3 days (all we have)+0.319%+$32 · spread now −0.087%, 7d avg +0.055%

Together, before fees+0.621%+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.142% cheaper against ApeX Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.302%, so the current rate has only just turned against you. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TIAUSDT	0.4365	−0.0008	get 0.0001% / 1h	26m 01s	$49K	$235K	50x
Short	Kraken Futures PF_TIAUSD	0.4361	−0.0163	pay 0.0020% / 1h	26m 01s	$358K	$246K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$32.65
Price spread: −0.087% → +0.055%: −$14.25
Slippage, 4 orders: −$66.6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$133.5
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 50 min ago; Kraken Futures: live order book, 52 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, 50 min ago	5.77 bp	14.1 bp −$14	103.4 bp −$1,034	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 52 min ago	14.99 bp	32.6 bp −$33	80.4 bp −$804	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
OKX TIA-USDT-SWAP	−0.0185%	4h	0.4351	−0.321%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSDshort	−0.0163%	1h	0.4361	−0.087%	$358K	$246K	50x
KuCoin TIAUSDTM	−0.0034%	4h	0.4358	−0.160%	$4.2M	$8.7M	50x	as long as short
ApeX Omni TIAUSDTlong	−0.0008%	1h	0.4365	long leg	$49K	$235K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4360	−0.115%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4361	−0.086%	$1K	—	150x	as long as short
Gate TIA_USDT	+0.0084%	4h	0.4360	−0.115%	$981K	$1.8M	75x	as long as short
Lighter TIA	+0.0096%	1h	0.4363	−0.041%	$139K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4358	−0.160%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4364	−0.034%	$4.3M	$1.5M	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	0.4361	−0.090%	$34K	$268K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4354	−0.248%	$14.5M	$42.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4355	−0.229%	$9.5M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4358	−0.160%	$13.3M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4360	−0.115%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4359	−0.137%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4358	−0.172%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4362	−0.069%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4363	−0.046%	$65K	$43K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4355	−0.218%	$55K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4358	−0.161%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4359	−0.137%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.550%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4367	+0.046%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4364	−0.023%	$1.2M	$572K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4360	−0.111%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0711%	1h	0.4369	+0.092%	$52K	$59	10x	as long as short