Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.004%

Price spread now: KuCoin against Coinbase International−0.272%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.532%+$53 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.272% cheaper against Coinbase International than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.532%, 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	Coinbase International TIA-PERP-INTX	0.4415	0.0304	pay 0.0038% / 1h	1m 58s	$52K	$76K	50x
Short	KuCoin TIAUSDTM	0.4403	0.0016	get 0.0008% / 4h	2h 01m	$4.2M	$8.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.272%Rate

Funding earned: −$60.48
Price spread: −0.272% → 0.000%: −$27.18
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$109.66
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 1 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 1 min ago	2.27 bp	24.5 bp −$25	74.5 bp −$745	doesn't fit	doesn't fit

Coinbase International: 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 26 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	−0.0021%	4h	0.4403	−0.272%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4408	−0.167%	$360K	$212K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4407	−0.181%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4408	−0.148%	$1K	—	150x	as long as short
KuCoin TIAUSDTMshort	+0.0016%	4h	0.4403	−0.272%	$4.2M	$8.9M	50x
ApeX Omni TIAUSDT	+0.0029%	1h	0.4399	−0.362%	$50K	$233K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4413	−0.041%	$156K	$409K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4405	−0.227%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4411	−0.082%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4407	−0.174%	$32K	$245K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4405	−0.231%	$14.4M	$42.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4403	−0.272%	$9.6M	$13.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4409	−0.136%	$992K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4405	−0.227%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4405	−0.227%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4406	−0.204%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4405	−0.215%	$102K	$152K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4397	−0.414%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4406	−0.204%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4403	−0.279%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4407	−0.181%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4403	−0.264%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0193%	1h	0.4404	−0.244%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	−0.091%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTXlong	+0.0304%	1h	0.4415	long leg	$52K	$76K	50x
GMX TIA/USD [ETH-USDC]	L +0.0475% / S −0.1097%	1h	0.4408	−0.162%	$40K	—	100x	as long as short