Funding you earn now, next payment 00:00 UTC−0.0627%/8h= −68.6% APRnext payment −$0.78 per $10,000 · paid last 24h −0.239%
Price spread now: Backpack against dYdX+0.031%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.564%−$56 on $10k
+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. Backpack is 0.031% dearer against dYdX than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.564% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TIA-USD | 0.4369 | 0.0727 | pay 0.0091% / 1h | 7m 36s | $52K | $59 | 10x |
| Short | Backpack TIA_USDC_PERP | 0.4371 | 0.0100 | get 0.0013% / 1h | 7m 36s | $101K | $153K | 10x |
dYdX TIA-USD
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- −$131.57
- Price spread: +0.031% → 0.000%
- $3.13
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$148.44
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 5 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 5 min ago | 1.15 bp | 12.6 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
dYdX: 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 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 | −0.0206% | 4h | 0.4361 | −0.193% | $2.8M | $6.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0163% | 1h | 0.4373 | +0.083% | $359K | $246K | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0028% | 4h | 0.4364 | −0.124% | $4.2M | $8.7M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4372 | +0.059% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4372 | +0.064% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0048% | 1h | 0.4367 | −0.056% | $49K | $234K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4370 | +0.015% | $139K | $362K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4370 | +0.013% | $5K | $363K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4373 | +0.075% | $4.3M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4366 | −0.079% | $34K | $268K | 10x | as long as short |
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSD
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4363 | −0.154% | $14.5M | $42.2M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4363 | −0.147% | $9.5M | $13.2M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4366 | −0.079% | $980K | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4366 | −0.079% | $13.3M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4367 | −0.056% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4364 | −0.124% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4371 | +0.031% | $101K | $153K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4356 | −0.310% | $102K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4370 | +0.013% | $65K | $44K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4361 | −0.190% | $55K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4371 | +0.047% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4368 | −0.034% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0208% | 1h | 0.4389 | +0.448% | $51K | $77K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4360 | −0.216% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4369 | −0.010% | $1.2M | $577K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0460% / S −0.3505% | 1h | 0.4371 | +0.041% | $36K | — | 100x | as long as short |
| dYdX TIA-USDlong | +0.0727% | 1h | 0.4369 | long leg | $52K | $59 | 10x |
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]