Funding you earn now, next payment 00:00 UTC+0.0110%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h −0.002%
Price spread now: Injective against Backpack+0.062%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 +$3 a day on $10k at the current rate, and Injective is 0.062% dearer against Backpack than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 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 | 0.4365 | 0.0100 | pay 0.0013% / 1h | 31m 43s | $101K | $151K | 10x |
| Short | Injective TIA/USDC PERP | 0.4368 | 0.0210 | get 0.0026% / 1h | 31m 43s | $26K | $10K | 12x |
Backpack TIA_USDC_PERP
Injective TIA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $23.15
- Price spread: +0.062% → 0.000%
- $6.19
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $19.32
- Costs to cover
- 0.100%
- Break-even
- 1.2 days
Slippage unknown: Backpack: live order book, 46 min ago; Injective: 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, 46 min ago | 1.62 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TIA-USDT-SWAP | −0.0180% | 4h | 0.4360 | −0.121% | $2.8M | $6.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0163% | 1h | 0.4364 | −0.025% | $358K | $245K | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0034% | 4h | 0.4362 | −0.076% | $4.2M | $8.7M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4365 | −0.007% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4367 | +0.043% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0019% | 1h | 0.4361 | −0.099% | $49K | $235K | 50x | as long as short |
| Gate TIA_USDT | +0.0072% | 4h | 0.4364 | −0.030% | $983K | $1.8M | 75x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4369 | +0.078% | $139K | $362K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4366 | +0.016% | $5K | $363K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4368 | +0.062% | $4.3M | $1.5M | 5x | as long as short |
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSD
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Gate TIA_USDT
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4366 | +0.016% | $35K | $268K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4363 | −0.057% | $14.5M | $42.4M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4361 | −0.099% | $9.6M | $13.2M | 50x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4363 | −0.053% | $13.4M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4362 | −0.076% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4362 | −0.076% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4365 | long leg | $101K | $151K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4363 | −0.053% | $102K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4364 | −0.030% | $65K | $43K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4360 | −0.110% | $55K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4364 | −0.032% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4362 | −0.086% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0208% | 1h | 0.4389 | +0.543% | $51K | $77K | 50x | as long as short |
| Injective TIA/USDC PERPshort | +0.0210% | 1h | 0.4368 | +0.062% | $26K | $10K | 12x | |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4362 | −0.076% | $1.1M | $572K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0459% / S −0.3505% | 1h | 0.4366 | +0.010% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0666% | 1h | 0.4366 | +0.026% | $52K | $59 | 10x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD