Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%
Price spread now: Bybit against Backpack−0.118%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$550.545% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)+0.274%+$27 · spread now −0.118%, 7d avg −0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.081% cheaper against Backpack than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4411 | 0.0100 | pay 0.0013% / 1h | 4m 50s | $102K | $166K | 10x |
| Short | Bybit TIAUSDT | 0.4406 | 0.0100 | get 0.0050% / 4h | 4m 50s | $9.8M | $13.6M | 50x |
Backpack TIA_USDC_PERP
Bybit TIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Backpack. 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
- $0
- Price spread: −0.118% → −0.037%
- −$8.06
- Slippage, 4 orders
- −$33.5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$62.56
- Costs to cover
- 0.545%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 53 min ago; Bybit: live order book, 3 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, 53 min ago | 1.94 bp | 18.1 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.13 bp | 14.0 bp −$14 | 28.0 bp −$280 | 161.5 bp −$16.1K | 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 TIAUSDT | −0.0044% | 1h | 0.4420 | +0.199% | $50K | $230K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4412 | +0.018% | $31K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4413 | +0.041% | $1K | — | 150x | as long as short |
| Variational Omni TIA | +0.0091% | 4h | 0.4411 | −0.011% | $103K | $66K | — | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4416 | +0.111% | $156K | $420K | 10x | as long as short |
| KuCoin TIAUSDTM | +0.0096% | 4h | 0.4409 | −0.050% | $4.2M | $9.2M | 50x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4413 | +0.041% | $5K | $252K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4414 | +0.068% | $4.7M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4412 | +0.018% | $33K | $245K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4410 | −0.027% | $14.5M | $43.1M | 75x | as long as short |
ApeX Omni TIAUSDT
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 TIAUSDTshort | +0.0100% | 4h | 0.4406 | −0.118% | $9.8M | $13.6M | 50x | |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4404 | −0.163% | $2.8M | $6.3M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4412 | +0.018% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4409 | −0.050% | $11.9M | $6.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4407 | −0.095% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4409 | −0.050% | — | $101.7M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4411 | long leg | $102K | $166K | 10x | |
| HTX TIA-USDT | +0.0100% | 4h | 0.4415 | +0.086% | $59K | $74K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4406 | −0.124% | $56K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4411 | −0.002% | $7K | — | 3x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0164% | 1h | 0.4415 | +0.093% | $361K | $194K | 50x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4408 | −0.065% | $6K | — | 15x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4433 | +0.494% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4416 | +0.109% | $1.6M | $736K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0384% | 1h | 0.4449 | +0.857% | $52K | $77K | 50x | as long as short |
| dYdX TIA-USD | +0.0433% | 1h | 0.4413 | +0.045% | $52K | $139 | 10x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0495% / S −0.1196% | 1h | 0.4412 | +0.011% | $40K | — | 100x | as long as short |
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]