Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.044%

Price spread now: KuCoin against Extended+0.025%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.025%, 7d avg +0.059%

Together, before fees+0.016%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.034% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TIA-USD	0.4401	0.0104	pay 0.0013% / 1h	2m 46s	$42K	$198K	25x
Short	KuCoin TIAUSDTM	0.4402	0.0016	get 0.0008% / 4h	2h 02m	$4.2M	$8.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$18.48
Price spread: +0.025% → +0.059%: −$3.42
Slippage, 4 orders: −$40.67
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$79.57
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from Extended: live order book, 64 min ago; KuCoin: live order book, 5 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, 64 min ago	3.41 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.27 bp	20.5 bp −$21	87.9 bp −$879	doesn't fit	doesn't fit

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	−0.0026%	4h	0.4402	+0.025%	$2.8M	$6.0M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4410	+0.212%	$360K	$212K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4406	+0.115%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4407	+0.137%	$1K	—	150x	as long as short
KuCoin TIAUSDTMshort	+0.0016%	4h	0.4402	+0.025%	$4.2M	$8.9M	50x
ApeX Omni TIAUSDT	+0.0029%	1h	0.4399	−0.044%	$50K	$233K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4411	+0.238%	$156K	$409K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4405	+0.093%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4411	+0.220%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4404	+0.078%	$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	+0.052%	$14.4M	$42.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4401	+0.002%	$9.6M	$13.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4406	+0.115%	$991K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4405	+0.093%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4405	+0.093%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4403	+0.047%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4405	+0.084%	$102K	$152K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4397	−0.095%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4412	+0.252%	$59K	$75K	50x	as long as short
Extended TIA-USDlong	+0.0104%	1h	0.4401	long leg	$42K	$198K	25x
Aevo TIA-PERP	+0.0104%	1h	0.4406	+0.127%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4404	+0.078%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0193%	1h	0.4404	+0.075%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	+0.229%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4415	+0.320%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0474% / S −0.1090%	1h	0.4407	+0.128%	$40K	—	100x	as long as short