TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h −0.053%

Price spread now: Kraken Futures against Extended+0.037%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now +0.037%, 7d avg +0.128%

Together, before fees+0.586%+ Points / potential airdropExtended: Active · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.091% cheaper against Extended than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.128%). If the spread goes back, that is −$9 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TIA-USD	0.4360	0.0104	pay 0.0013% / 1h	13m 54s	$55K	$212K	25x
Short	Kraken Futures PF_TIAUSD	0.4361	0.0192	get 0.0024% / 1h	13m 54s	$346K	$205K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.037%Rate

Funding earned: $18.49
Price spread: +0.037% → +0.128%: −$9.11
Slippage, 4 orders: −$54.68
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$60.3
Costs to cover: 0.697%
Break-even: 29.8 days

Slippage from Extended: live order book, 33 min ago; Kraken Futures: live order book, 34 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 Extended live order book, 33 min ago	4.59 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 34 min ago	19.47 bp	27.4 bp −$27	77.8 bp −$778	doesn't fit	doesn't fit

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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4363	+0.078%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4359	−0.016%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0046%	1h	0.4346	−0.312%	$50K	$227K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4365	+0.133%	$151K	$429K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4359	−0.014%	$7K	$267K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4371	+0.259%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4361	+0.040%	$32K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4364	+0.101%	$13.6M	$44.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4361	+0.032%	$9.8M	$13.8M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4359	−0.014%	$2.7M	$6.4M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4365	+0.124%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4364	+0.101%	$9.9M	$6.7M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4361	+0.032%	$4.2M	$9.5M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4362	+0.055%	$4.5M	$3.7M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4363	+0.078%	—	$103.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4365	+0.126%	$101K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4346	−0.317%	$101K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4359	−0.014%	$58K	$73K	50x	as long as short
Extended TIA-USDlong	+0.0104%	1h	0.4360	long leg	$55K	$212K	25x
Aevo TIA-PERP	+0.0104%	1h	0.4361	+0.032%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0176% / S +0.0051%	1h	0.4359	−0.022%	$6K	—	100x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4357	−0.068%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSDshort	+0.0192%	1h	0.4361	+0.037%	$346K	$205K	50x
Injective TIA/USDC PERP	+0.0237%	1h	0.4350	−0.220%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4343	−0.381%	$1.6M	$700K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4363	+0.078%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0440%	1h	0.4355	−0.099%	$52K	$139	10x	as long as short