TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%

Price spread now: Backpack against gTrade (Gains Network)−0.046%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Backpack is 0.046% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TIA/USD	0.4366	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	10m 46s	$1K	—	150x
Short	Backpack TIA_USDC_PERP	0.4364	0.0100	get 0.0013% / 1h	10m 46s	$101K	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now −0.046%Rate

Funding earned: $20.49
Price spread: −0.046% → 0.000%: −$4.65
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$4.16
Costs to cover: 0.200%
Break-even: 8.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 42 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 42 min ago	2.02 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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
ApeX Omni TIAUSDT	−0.0048%	1h	0.4376	+0.224%	$50K	$230K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4366	−0.005%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USDlong	L +0.0002% / S 0.0000%	1h	0.4366	long leg	$1K	—	150x
Lighter TIA	+0.0096%	1h	0.4370	+0.086%	$155K	$421K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4364	−0.051%	$6K	$253K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4368	+0.045%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4366	+0.001%	$33K	$242K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4363	−0.074%	$13.8M	$43.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4362	−0.097%	$9.8M	$13.6M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4360	−0.143%	$2.8M	$6.3M	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	−0.028%	$992K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4362	−0.097%	$11.2M	$6.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4363	−0.074%	$4.2M	$9.3M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4366	−0.005%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4362	−0.097%	—	$103.0M	—	as long as short
Backpack TIA_USDC_PERPshort	+0.0100%	1h	0.4364	−0.046%	$101K	$168K	10x
Variational Omni TIA	+0.0100%	4h	0.4361	−0.127%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4370	+0.086%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4360	−0.148%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4363	−0.075%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4362	−0.089%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0271%	1h	0.4382	+0.361%	$25K	$11K	12x	as long as short
Kraken Futures PF_TIAUSD	+0.0331%	1h	0.4365	−0.031%	$346K	$205K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4371	+0.109%	$1.7M	$716K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0360% / S −0.0613%	1h	0.4367	+0.008%	$24K	—	100x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4376	+0.224%	$47K	$83K	50x	as long as short
dYdX TIA-USD	+0.0418%	1h	0.4368	+0.045%	$52K	$139	10x	as long as short