Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.046%
Price spread now: Reya against Backpack−0.055%7-day average — · you buy dearer than you sell
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
=Funding pays, the price is against you. Reya is 0.055% cheaper against Backpack than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4394 | 0.0100 | pay 0.0013% / 1h | 50m 41s | $102K | $156K | 10x |
| Short | Reya TIARUSDPERP | 0.4391 | 0.0180 | get 0.0023% / 1h | 50m 41s | $6K | — | 15x |
Backpack TIA_USDC_PERP
Reya TIARUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $16.84
- Price spread: −0.055% → 0.000%
- −$5.47
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$4.63
- Costs to cover
- 0.160%
- Break-even
- 8.9 days
Slippage unknown: Backpack: live order book, 7 min ago; Reya: 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, 7 min ago | 1.94 bp | 18.1 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.0131% | 4h | 0.4384 | −0.216% | $9.6M | $13.4M | 50x | as long as short |
| Variational Omni TIA | −0.0085% | 4h | 0.4388 | −0.131% | $103K | $85K | — | as long as short |
| KuCoin TIAUSDTM | −0.0006% | 4h | 0.4386 | −0.171% | $4.2M | $9.1M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4395 | +0.034% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4395 | +0.031% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4391 | −0.061% | $155K | $417K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4393 | −0.011% | $5K | $282K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4401 | +0.175% | $4.7M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4398 | +0.092% | $32K | $245K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4389 | −0.102% | $14.3M | $42.9M | 75x | as long as short |
Bybit TIAUSDT
Variational Omni TIA
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4384 | −0.216% | $2.8M | $6.2M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4390 | −0.080% | $994K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4387 | −0.148% | $12.0M | $6.5M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4386 | −0.171% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4387 | −0.148% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4394 | long leg | $102K | $156K | 10x | |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4412 | +0.421% | $50K | $231K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4398 | +0.102% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4384 | −0.225% | $55K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4393 | −0.006% | $7K | — | 3x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0165% | 1h | 0.4397 | +0.088% | $359K | $196K | 50x | as long as short |
| Reya TIARUSDPERPshort | +0.0180% | 1h | 0.4391 | −0.055% | $6K | — | 15x | |
| dYdX TIA-USD | +0.0196% | 1h | 0.4388 | −0.119% | $52K | $199 | 10x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4405 | +0.262% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4391 | −0.057% | $1.6M | $717K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0384% | 1h | 0.4415 | +0.489% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0493% / S −0.1196% | 1h | 0.4396 | +0.050% | $40K | — | 100x | as long as short |
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Kraken Futures PF_TIAUSD
dYdX TIA-USD
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]