Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%
Price spread now: KuCoin against Backpack−0.090%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$740.737% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.090%, 7d avg −0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.082% 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 −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4353 | 0.0100 | pay 0.0013% / 1h | 36m 47s | $100K | $173K | 10x |
| Short | KuCoin TIAUSDTM | 0.4349 | 0.0100 | get 0.0050% / 4h | 1h 36m | $4.2M | $9.7M | 50x |
Backpack TIA_USDC_PERP
KuCoin TIAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.090% → −0.007%
- −$8.24
- Slippage, 4 orders
- −$51.71
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$81.95
- Costs to cover
- 0.737%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 6 min ago; KuCoin: live order book, 1 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, 6 min ago | 1.95 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 2.30 bp | 25.0 bp −$25 | 87.3 bp −$873 | 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 | 0.4354 | +0.025% | $30K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4354 | +0.024% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0012% | 1h | 0.4355 | +0.048% | $50K | $226K | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0048% | 4h | 0.4343 | −0.227% | $2.7M | $6.4M | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4355 | +0.039% | $150K | $425K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4354 | +0.025% | $7K | $252K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4356 | +0.074% | $4.6M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4349 | −0.090% | $32K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4347 | −0.133% | $13.6M | $47.5M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4349 | −0.090% | $9.8M | $14.0M | 50x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
OKX TIA-USDT-SWAP
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TIA_USDT | +0.0100% | 4h | 0.4351 | −0.044% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4351 | −0.044% | $12.9M | $14.2M | 300x | as long as short |
| KuCoin TIAUSDTMshort | +0.0100% | 4h | 0.4349 | −0.090% | $4.2M | $9.7M | 50x | |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4347 | −0.136% | $4.4M | $3.9M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4350 | −0.067% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4353 | long leg | $100K | $173K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4355 | +0.042% | $102K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4355 | +0.048% | $58K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4347 | −0.137% | $56K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4352 | −0.020% | $7K | — | 3x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0112% / S +0.0053% | 1h | 0.4354 | +0.034% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0146% | 1h | 0.4354 | +0.021% | $345K | $201K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0176% | 1h | 0.4356 | +0.071% | $24K | $11K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4353 | −0.001% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0305% | 1h | 0.4354 | +0.028% | $52K | $139 | 10x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4354 | +0.025% | $1.6M | $702K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0408% | 1h | 0.4395 | +0.967% | $47K | $87K | 50x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
GMX TIA/USD [ETH-USDC]
Kraken Futures PF_TIAUSD
Injective TIA/USDC PERP
Reya TIARUSDPERP
dYdX TIA-USD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX