Funding you earn now, next payment 22:00 UTC+0.0316%/8h= +34.6% APRnext payment +$0.40 per $10,000 · paid last 24h −0.026%
Price spread now: Deribit against Backpack+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.053% dearer against Backpack than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4303 | −0.0316 | get 0.0040% / 1h | 53m 55s | $102K | $158K | 10x |
| Short | Deribit TIA_USDC-PERPETUAL | 0.4305 | 0 | get 0.0000% / 1h | 53m 55s | $30K | $27K | 25x |
Backpack TIA_USDC_PERP
Deribit TIA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $66.37
- Price spread: +0.053% → 0.000%
- $5.35
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $54.72
- Costs to cover
- 0.170%
- Break-even
- 1.2 days
Slippage unknown: Backpack: live order book, 34 min ago; Deribit: no order-book sample. Net counts fees only.
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, 34 min ago | 1.04 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0569% | 4h | 0.4299 | −0.086% | $9.4M | $13.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0391% | 1h | 0.4304 | +0.028% | $354K | $239K | 50x | as long as short |
| Backpack TIA_USDC_PERPlong | −0.0316% | 1h | 0.4303 | long leg | $102K | $158K | 10x | |
| ApeX Omni TIAUSDT | −0.0272% | 1h | 0.4286 | −0.388% | $48K | $235K | 50x | as long as short |
| Gate TIA_USDT | −0.0152% | 4h | 0.4300 | −0.063% | $994K | $1.8M | 75x | as long as short |
| OKX TIA-USDT-SWAP | −0.0003% | 4h | 0.4300 | −0.063% | $2.7M | $5.7M | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0002% | 4h | 0.4301 | −0.040% | $4.2M | $8.6M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALshort | 0.0000% | 1h | 0.4305 | +0.053% | $30K | $27K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4305 | +0.044% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4307 | +0.093% | $127K | $353K | 10x | as long as short |
Bybit TIAUSDT
Kraken Futures PF_TIAUSD
ApeX Omni TIAUSDT
Gate TIA_USDT
OKX TIA-USDT-SWAP
KuCoin TIAUSDTM
gTrade (Gains Network) TIA/USD
Lighter TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4302 | −0.016% | $5K | $359K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4287 | −0.354% | $96K | $81K | — | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4308 | +0.116% | $4.2M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4297 | −0.125% | $34K | $272K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4304 | +0.036% | $14.0M | $41.0M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4303 | +0.007% | $9.1M | $5.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4302 | −0.016% | $4.4M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4301 | −0.040% | — | $6.5M | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4302 | −0.016% | $73K | $15K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4300 | −0.073% | $71K | $156K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4306 | +0.066% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0178% | 1h | 0.4285 | −0.419% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0200% | 1h | 0.4308 | +0.123% | $48K | $70K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4297 | −0.132% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4297 | −0.132% | $982K | $506K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0455% / S −0.3505% | 1h | 0.4298 | −0.102% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0793% | 1h | 0.4300 | −0.063% | $51K | $59 | 10x | as long as short |
Orderly PERP_TIA_USDC
Variational Omni TIA
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD