TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.035%

Price spread now: Backpack against Deribit+0.014%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TIA_USDC-PERPETUAL	0.4401	0	get 0.0000% / 1h	7m 34s	$31K	$27K	25x
Short	Backpack TIA_USDC_PERP	0.4402	0.0100	get 0.0013% / 1h	7m 34s	$102K	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now +0.014%Rate

Funding earned: $21
Price spread: +0.014% → 0.000%: $1.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $5.36
Costs to cover: 0.170%
Break-even: 5.2 days

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 61 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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 61 min ago	1.36 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit

Deribit: 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	−0.0035%	4h	0.4398	−0.068%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4398	−0.073%	$359K	$213K	50x	as long as short
Deribit TIA_USDC-PERPETUALlong	0.0000%	1h	0.4401	long leg	$31K	$27K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4400	−0.024%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0004%	1h	0.4406	+0.114%	$50K	$232K	50x	as long as short
KuCoin TIAUSDTM	+0.0006%	4h	0.4398	−0.068%	$4.2M	$8.9M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4410	+0.214%	$156K	$409K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4397	−0.091%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4410	+0.214%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4403	+0.053%	$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	0.4403	+0.051%	$14.4M	$42.6M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4397	−0.091%	$9.6M	$13.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4401	0.000%	$990K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4402	+0.023%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4401	0.000%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4401	0.000%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERPshort	+0.0100%	1h	0.4402	+0.014%	$102K	$158K	10x
Variational Omni TIA	+0.0100%	4h	0.4402	+0.017%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4394	−0.159%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4399	−0.045%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4399	−0.037%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4394	−0.158%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0181%	1h	0.4404	+0.068%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	+0.227%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4415	+0.318%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0464% / S −0.1040%	1h	0.4400	−0.025%	$40K	—	100x	as long as short