Funding you earn now, next payment 08:00 UTC−0.0770%/8h= −84.3% APRnext payment −$0.96 per $10,000 · paid last 24h −0.097%
Price spread now: Backpack against GMX−0.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$23 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TIA/USD [ETH-USDC] | 0.4384 | L +0.0046% / S +0.0055% | pay 0.0006% / 1h | 58m 37s | $6K | — | 100x |
| Short | Backpack TIA_USDC_PERP | 0.4383 | −0.0724 | pay 0.0091% / 1h | 58m 37s | $102K | $169K | 10x |
GMX TIA/USD [ETH-USDC]
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GMX. 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
- −$161.75
- Price spread: −0.018% → 0.000%
- −$1.85
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$185.6
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Backpack: live order book, 44 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 GMX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 44 min ago | 1.95 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack TIA_USDC_PERPshort | −0.0724% | 1h | 0.4383 | −0.018% | $102K | $169K | 10x | |
| Kraken Futures PF_TIAUSD | −0.0007% | 1h | 0.4384 | +0.017% | $348K | $202K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4383 | −0.016% | $30K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4383 | −0.016% | $1K | — | 150x | as long as short |
| Injective TIA/USDC PERP | +0.0014% | 1h | 0.4399 | +0.349% | $24K | $12K | 12x | as long as short |
| OKX TIA-USDT-SWAP | +0.0027% | 4h | 0.4376 | −0.176% | $2.8M | $6.5M | 50x | as long as short |
| GMX TIA/USD [ETH-USDC]long | L +0.0046% / S +0.0055% | 1h | 0.4384 | long leg | $6K | — | 100x | |
| dYdX TIA-USD | +0.0067% | 1h | 0.4382 | −0.036% | $52K | $139 | 10x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4385 | +0.036% | $150K | $421K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4382 | −0.039% | $7K | $242K | 10x | as long as short |
Kraken Futures PF_TIAUSD
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Injective TIA/USDC PERP
OKX TIA-USDT-SWAP
dYdX TIA-USD
Lighter TIA
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIA | +0.0100% | 1h | 0.4388 | +0.093% | $4.7M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4380 | −0.085% | $33K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4379 | −0.102% | $13.8M | $47.7M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4380 | −0.085% | $9.9M | $13.9M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4382 | −0.039% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4379 | −0.107% | $12.7M | $14.0M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4378 | −0.130% | $4.2M | $9.8M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4378 | −0.130% | $4.3M | $3.9M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4379 | −0.107% | — | $6.5M | — | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4384 | +0.012% | $102K | $50K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4387 | +0.075% | $50K | $225K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4385 | +0.029% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4376 | −0.170% | $56K | $210K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4381 | −0.065% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4380 | −0.088% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4380 | −0.085% | $1.7M | $707K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0432% | 1h | 0.4413 | +0.668% | $48K | $87K | 50x | as long as short |
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX