Funding you earn now, next payment 01:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.078%
Price spread now: Kraken Futures against Binance+0.397%54s7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days+0.321%+$32 on $10k
+Price spread, last 3 days (all we have)−0.234%−$23 · spread now +0.397%, 7d avg +0.040%
=The price spread pays, funding is against you. Kraken Futures is 0.357% dearer against Binance than usual: you sell high and buy low (spread +0.397% now, against its 7-day average of +0.040%): +$36 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.321%, so the current rate has only just turned against you. The two prices were read 54 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 | Binance TIAUSDT | 0.4391 | 0.0100 | pay 0.0050% / 4h | 3h 06m | $14.7M | $41.3M | 75x |
| Short | Kraken Futures PF_TIAUSD | 0.4408 | −0.0152 | pay 0.0019% / 1h | 6m 24s | $362K | $225K | 50x |
Binance TIAUSDT
Kraken Futures PF_TIAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. 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
- −$52.85
- Price spread: +0.397% → +0.040%
- $35.72
- Slippage, 4 orders
- −$46.23
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$83.36
- Costs to cover
- 0.662%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Kraken Futures: 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 Binance live order book, 6 min ago | 1.13 bp | 11.0 bp −$11 | 20.8 bp −$208 | 132.3 bp −$13.2K | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 12.48 bp | 22.0 bp −$22 | 75.5 bp −$755 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TIAUSDshort | −0.0152% | 1h | 0.4408 | +0.397% | $362K | $225K | 50x | |
| OKX TIA-USDT-SWAP | −0.0139% | 4h | 0.4386 | −0.114% | $2.8M | $5.9M | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0010% | 4h | 0.4390 | −0.023% | $4.2M | $8.8M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4406 | +0.342% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4393 | +0.046% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4405 | +0.321% | $140K | $360K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4391 | 0.000% | $5K | $363K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4397 | +0.128% | $4.5M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4396 | +0.115% | $34K | $240K | 10x | as long as short |
| Binance TIAUSDTlong | +0.0100% | 4h | 0.4391 | long leg | $14.7M | $41.3M | 75x |
OKX TIA-USDT-SWAP
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | +0.0100% | 4h | 0.4386 | −0.114% | $9.6M | $12.8M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4393 | +0.046% | $987K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4391 | 0.000% | $13.0M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4394 | +0.068% | $4.5M | $3.1M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4390 | −0.023% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4406 | +0.332% | $102K | $154K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4398 | +0.166% | $103K | $84K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4412 | +0.478% | $50K | $233K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4404 | +0.296% | $58K | $68K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4388 | −0.065% | $55K | $184K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4390 | −0.011% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0117% | 1h | 0.4415 | +0.547% | $27K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4388 | −0.074% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0256% | 1h | 0.4422 | +0.706% | $52K | $76K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4401 | +0.228% | $1.3M | $603K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0461% / S −0.3505% | 1h | 0.4392 | +0.029% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0853% | 1h | 0.4396 | +0.118% | $52K | $199 | 10x | as long as short |
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD