Funding you earn now, next payment 12:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.035%
Price spread now: Kraken Futures against Bybit+0.114%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$730.730% of the position
Funding, last 7 days+0.312%+$31 on $10k
+Price spread, last 4 days (all we have)+0.150%+$15 · spread now +0.114%, 7d avg +0.092%
=The price spread pays, funding is against you. Kraken Futures is 0.023% dearer against Bybit than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.092%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.312%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TIAUSDT | 0.4348 | 0.0018 | pay 0.0009% / 4h | 50m 07s | $9.6M | $14.9M | 50x |
| Short | Kraken Futures PF_TIAUSD | 0.4353 | −0.0086 | pay 0.0011% / 1h | 50m 07s | $352K | $253K | 50x |
Bybit TIAUSDT
Kraken Futures PF_TIAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$21.72
- Price spread: +0.114% → +0.092%
- $2.26
- Slippage, 4 orders
- −$52.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$92.51
- Costs to cover
- 0.730%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 56 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 Bybit live order book, 1 min ago | 1.15 bp | 11.4 bp −$11 | 29.0 bp −$290 | 188.2 bp −$18.8K | doesn't fit |
| Sell Kraken Futures live order book, 56 min ago | 10.31 bp | 31.8 bp −$32 | 70.2 bp −$702 | doesn't fit | doesn't fit |
TIA on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX TIA/USD [ETH-USDC] | L −0.6754% / S +0.0274% | 1h | 0.4360 | +0.272% | $5K | — | 100x | as long as short |
| Injective TIA/USDC PERP | −0.0224% | 1h | 0.4361 | +0.299% | $83K | $165K | 12x | as long as short |
| Kraken Futures PF_TIAUSDshort | −0.0086% | 1h | 0.4353 | +0.114% | $352K | $253K | 50x | |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4355 | +0.161% | $32K | $20K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4359 | +0.259% | $1K | — | 150x | as long as short |
| Bybit TIAUSDTlong | +0.0018% | 4h | 0.4348 | long leg | $9.6M | $14.9M | 50x | |
| ApeX Omni TIAUSDT | +0.0075% | 1h | 0.4358 | +0.230% | $50K | $221K | 50x | as long as short |
| Variational Omni TIA | +0.0083% | 4h | 0.4346 | −0.038% | $81K | $116K | — | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4354 | +0.129% | $158K | $479K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0097% | 4h | 0.4353 | +0.115% | $6K | $165K | 10x | as long as short |
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Variational Omni TIA
Lighter TIA
Orderly PERP_TIA_USDCShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIA | +0.0100% | 1h | 0.4356 | +0.182% | $4.6M | $1.7M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4348 | 0.000% | $24K | $275K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4349 | +0.023% | $13.9M | $52.3M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4345 | −0.069% | $2.7M | $6.8M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4348 | 0.000% | $979K | $1.7M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4349 | +0.023% | $10.2M | $18.5M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4351 | +0.069% | $4.1M | $10.8M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4346 | −0.046% | $4.3M | $4.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4349 | +0.023% | — | $14.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4351 | +0.071% | $100K | $183K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4361 | +0.299% | $58K | $79K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4351 | +0.069% | $55K | $209K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4354 | +0.139% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0183% | 1h | 0.4353 | +0.124% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4349 | +0.023% | $533K | $826K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0368% | 1h | 0.4366 | +0.414% | $52K | $109K | 50x | as long as short |
| dYdX TIA-USD | +0.0415% | 1h | 0.4349 | +0.023% | $52K | $139 | 10x | as long as short |
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
dYdX TIA-USD