Funding you earn now, next payment 10:00 UTC−0.0170%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.011%
Price spread now: Kraken Futures against Deribit+0.042%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 pays, funding is against you. Kraken Futures is 0.042% dearer against Deribit than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 hours.
| 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 | 19m 14s | $33K | $22K | 25x |
| Short | Kraken Futures PF_TIAUSD | 0.4403 | −0.0170 | pay 0.0021% / 1h | 19m 14s | $369K | $221K | 50x |
Deribit TIA_USDC-PERPETUAL
Kraken Futures PF_TIAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. 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
- −$35.65
- Price spread: +0.042% → 0.000%
- $4.15
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$48.5
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 31 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 Kraken Futures live order book, 31 min ago | 22.67 bp | 31.6 bp −$32 | 82.5 bp −$825 | 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 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 −0.4075% / S +0.0184% | 1h | 0.4401 | +0.001% | $5K | — | 100x | as long as short |
| Bybit TIAUSDT | −0.0270% | 4h | 0.4395 | −0.136% | $9.7M | $14.9M | 50x | as long as short |
| Kraken Futures PF_TIAUSDshort | −0.0170% | 1h | 0.4403 | +0.042% | $369K | $221K | 50x | |
| ApeX Omni TIAUSDT | −0.0167% | 1h | 0.4401 | 0.000% | $51K | $223K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALlong | 0.0000% | 1h | 0.4401 | long leg | $33K | $22K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4401 | −0.003% | $1K | — | 150x | as long as short |
| dYdX TIA-USD | +0.0059% | 1h | 0.4401 | +0.003% | $52K | $139 | 10x | as long as short |
| Injective TIA/USDC PERP | +0.0079% | 1h | 0.4400 | −0.023% | $78K | $158K | 12x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4406 | +0.107% | $192K | $442K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4399 | −0.045% | $7K | $193K | 10x | as long as short |
GMX TIA/USD [ETH-USDC]
Bybit TIAUSDT
ApeX Omni TIAUSDT
gTrade (Gains Network) TIA/USD
dYdX TIA-USD
Injective TIA/USDC PERP
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 | 0.4405 | +0.082% | $4.7M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4397 | −0.097% | $32K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4399 | −0.045% | $14.1M | $50.0M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4396 | −0.114% | $2.7M | $7.0M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4400 | −0.023% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4399 | −0.045% | $10.4M | $14.7M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4398 | −0.068% | $4.2M | $10.4M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4399 | −0.045% | $4.5M | $4.3M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4398 | −0.068% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4400 | −0.020% | $102K | $177K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4394 | −0.168% | $102K | $99K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4400 | −0.023% | $59K | $77K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4394 | −0.167% | $55K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4399 | −0.044% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4398 | −0.076% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4397 | −0.091% | $1.6M | $755K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0408% | 1h | 0.4415 | +0.318% | $55K | $107K | 50x | 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-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX