Funding you earn now, next payment 22:00 UTC+0.3528%/8h= +386.3% APRnext payment +$4.41 per $10,000 · paid last 24h +0.333%
Price spread now: GMX 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 3 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 +$106 a day on $10k at the current rate, and GMX 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 | 0.4313 | −0.0023 | get 0.0003% / 1h | 49m 08s | $102K | $157K | 10x |
| Short | GMX TIA/USD [ETH-USDC] | 0.4315 | L +0.0456% / S −0.3505% | get 0.0438% / 1h | 49m 08s | $35K | — | 100x |
Backpack TIA_USDC_PERP
GMX TIA/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $740.92
- Price spread: +0.053% → 0.000%
- $5.33
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $724.25
- Costs to cover
- 0.220%
- Break-even
- 0.2 days
Slippage unknown: Backpack: live order book, 39 min ago; GMX: 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, 39 min ago | 1.04 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | −0.0619% | 4h | 0.4309 | −0.097% | $9.4M | $13.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0390% | 1h | 0.4315 | +0.038% | $355K | $239K | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0273% | 1h | 0.4311 | −0.051% | $49K | $235K | 50x | as long as short |
| Gate TIA_USDT | −0.0100% | 4h | 0.4312 | −0.028% | $996K | $1.8M | 75x | as long as short |
| Backpack TIA_USDC_PERPlong | −0.0023% | 1h | 0.4313 | long leg | $102K | $157K | 10x | |
| OKX TIA-USDT-SWAP | −0.0015% | 4h | 0.4308 | −0.121% | $2.7M | $5.8M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4316 | +0.065% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4317 | +0.080% | $1K | — | 150x | as long as short |
| KuCoin TIAUSDTM | +0.0004% | 4h | 0.4312 | −0.028% | $4.2M | $8.6M | 50x | as long as short |
| Variational Omni TIA | +0.0050% | 4h | 0.4309 | −0.108% | $96K | $81K | — | as long as short |
Bybit TIAUSDT
Kraken Futures PF_TIAUSD
ApeX Omni TIAUSDT
Gate TIA_USDT
OKX TIA-USDT-SWAP
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
KuCoin TIAUSDTM
Variational Omni TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter TIA | +0.0096% | 1h | 0.4318 | +0.118% | $127K | $353K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4315 | +0.042% | $5K | $360K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4319 | +0.137% | $4.2M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4317 | +0.084% | $34K | $272K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4315 | +0.042% | $14.1M | $41.2M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4313 | −0.005% | $9.1M | $5.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4312 | −0.028% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4310 | −0.074% | — | $6.5M | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4314 | +0.019% | $73K | $15K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4310 | −0.071% | $58K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4316 | +0.074% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0178% | 1h | 0.4311 | −0.058% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0200% | 1h | 0.4322 | +0.204% | $48K | $71K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4326 | +0.297% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4315 | +0.042% | $994K | $512K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC]short | L +0.0456% / S −0.3505% | 1h | 0.4315 | +0.053% | $35K | — | 100x | |
| dYdX TIA-USD | +0.0863% | 1h | 0.4317 | +0.088% | $51K | $59 | 10x | as long as short |
Lighter TIA
Orderly PERP_TIA_USDC
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
dYdX TIA-USD