TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0168%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.007%

Price spread now: ApeX Omni against Backpack+0.499%84s7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as 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−$580.581% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.499%, 7d avg +0.023%

Together, before fees−0.257%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.477% dearer against Backpack than usual: you sell high and buy low (spread +0.499% now, against its 7-day average of +0.023%): +$48 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9.5 days. The two prices were read 84 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	Backpack TIA_USDC_PERP	0.4366	0.0100	pay 0.0013% / 1h	12m 02s	$101K	$168K	10x
Short	ApeX Omni TIAUSDT	0.4388	−0.0068	pay 0.0008% / 1h	12m 02s	$50K	$230K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now +0.499%Rate

Funding earned: −$35.18
Price spread: +0.499% → +0.023%: $47.66
Slippage, 4 orders: −$38.14
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$45.66
Costs to cover: 0.581%
Break-even: never at this rate

Slippage from Backpack: live order book, 41 min ago; ApeX Omni: live order book, 39 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 Backpack live order book, 41 min ago	2.02 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 39 min ago	7.90 bp	15.4 bp −$15	101.7 bp −$1,017	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 TIAUSDTshort	−0.0068%	1h	0.4388	+0.499%	$50K	$230K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4367	+0.018%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4368	+0.037%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4372	+0.137%	$155K	$421K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4368	+0.041%	$6K	$251K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4372	+0.126%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4369	+0.066%	$33K	$242K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4367	+0.018%	$13.8M	$43.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4365	−0.027%	$9.8M	$13.6M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4365	−0.027%	$2.8M	$6.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4368	+0.041%	$992K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4366	−0.005%	$11.2M	$6.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4366	−0.005%	$4.2M	$9.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4365	−0.027%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4367	+0.018%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERPlong	+0.0100%	1h	0.4366	long leg	$101K	$168K	10x
Variational Omni TIA	+0.0100%	4h	0.4379	+0.299%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4376	+0.224%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4365	−0.039%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4365	−0.016%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4364	−0.048%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0271%	1h	0.4382	+0.362%	$25K	$11K	12x	as long as short
Kraken Futures PF_TIAUSD	+0.0331%	1h	0.4367	+0.029%	$347K	$205K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4375	+0.202%	$1.7M	$717K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0360% / S −0.0613%	1h	0.4367	+0.023%	$24K	—	100x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4376	+0.224%	$47K	$83K	50x	as long as short
dYdX TIA-USD	+0.0427%	1h	0.4375	+0.206%	$52K	$139	10x	as long as short