Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.023%

Price spread now: Kraken Futures against Gate−0.118%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1111.109% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.415%+$41 on $10k

Price spread, last 4 days (all we have)+0.279%+$28 · spread now −0.118%, 7d avg +0.055%

Together, before fees+0.694%+$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.172% cheaper against Gate than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.415%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TIA_USDT	0.4463	0.0100	pay 0.0050% / 4h	3h 57m	$1.0M	$1.9M	75x
Short	Kraken Futures PF_TIAUSD	0.4458	−0.0113	pay 0.0014% / 1h	57m 07s	$352K	$221K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$44.66
Price spread: −0.118% → +0.055%: −$17.22
Slippage, 4 orders: −$85.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$172.74
Costs to cover: 1.109%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 41 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 Gate live order book, 1 min ago	3.36 bp	30.1 bp −$30	76.8 bp −$768	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 41 min ago	19.22 bp	32.8 bp −$33	82.4 bp −$824	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
GMX TIA/USD [ETH-USDC]	L −0.1646% / S +0.0102%	1h	0.4462	−0.015%	$5K	—	100x	as long as short
Kraken Futures PF_TIAUSDshort	−0.0113%	1h	0.4458	−0.118%	$352K	$221K	50x
ApeX Omni TIAUSDT	−0.0090%	1h	0.4454	−0.202%	$51K	$224K	50x	as long as short
dYdX TIA-USD	0.0000%	1h	0.4459	−0.090%	$53K	$139	10x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4464	+0.022%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4462	−0.024%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0040%	4h	0.4460	−0.067%	$2.8M	$6.9M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4456	−0.157%	$24K	$12K	12x	as long as short
Lighter TIA	+0.0096%	1h	0.4467	+0.092%	$194K	$467K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4462	−0.022%	$7K	$226K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4469	+0.130%	$4.9M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4460	−0.063%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4460	−0.068%	$14.1M	$48.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4461	−0.045%	$10.2M	$14.2M	50x	as long as short
Gate TIA_USDTlong	+0.0100%	4h	0.4463	long leg	$1.0M	$1.9M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4464	+0.022%	$12.2M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4460	−0.067%	$4.3M	$10.0M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4461	−0.045%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4463	0.000%	—	$103.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4465	+0.036%	$103K	$175K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4456	−0.148%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4459	−0.090%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4459	−0.087%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4462	−0.011%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4455	−0.186%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4459	−0.090%	$1.7M	$720K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4467	+0.090%	$52K	$104K	50x	as long as short