Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%
Price spread now: Hyperliquid against Backpack+0.114%7-day average +0.096% · 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−$53as in the Price arb table
costs, in and out, $10k−$550.550% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now +0.114%, 7d avg +0.096%
=Together, before fees+0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4405 | 0.0100 | pay 0.0013% / 1h | 34m 05s | $102K | $169K | 10x |
| Short | Hyperliquid TIA | 0.4410 | 0.0100 | get 0.0013% / 1h | 34m 05s | $4.7M | $1.4M | 5x |
Backpack TIA_USDC_PERP
Hyperliquid TIAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.114% → +0.096%
- $1.78
- Slippage, 4 orders
- −$36.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$53.24
- Costs to cover
- 0.550%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 19 min ago; Hyperliquid: live order book, 8 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, 19 min ago | 2.02 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 2.05 bp | 11.9 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4405 | +0.002% | $31K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4406 | +0.017% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4410 | +0.116% | $156K | $418K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4404 | −0.020% | $5K | $241K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4410 | +0.114% | $4.7M | $1.4M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4406 | +0.014% | $33K | $240K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4403 | −0.043% | $14.4M | $43.2M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4403 | −0.043% | $9.9M | $13.4M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4400 | −0.111% | $2.8M | $6.3M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4409 | +0.093% | $1.0M | $1.8M | 75x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Lighter TIA
Orderly PERP_TIA_USDC
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TIA_USDT | +0.0100% | 4h | 0.4403 | −0.043% | $11.6M | $6.4M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4405 | +0.002% | $4.2M | $9.2M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4407 | +0.048% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4407 | +0.048% | — | $103.0M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4405 | long leg | $102K | $169K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4401 | −0.095% | $102K | $63K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4409 | +0.093% | $50K | $230K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4409 | +0.093% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4401 | −0.095% | $56K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4394 | −0.240% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4403 | −0.047% | $6K | — | 15x | as long as short |
| Injective TIA/USDC PERP | +0.0271% | 1h | 0.4406 | +0.025% | $26K | $11K | 12x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0328% | 1h | 0.4408 | +0.073% | $360K | $193K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4408 | +0.070% | $1.7M | $733K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4415 | +0.229% | $51K | $77K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0494% / S −0.1196% | 1h | 0.4405 | −0.003% | $40K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0565% | 1h | 0.4411 | +0.138% | $52K | $139 | 10x | as long as short |
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Injective TIA/USDC PERP
Kraken Futures PF_TIAUSD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD