Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0488%/8h= −53.4% APRpaid last 24h −0.081%

Price spread now: Kraken Futures against HTX+0.204%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.204% dearer against HTX than usual: you sell high and buy low (spread +0.204% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.244%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.244% in total (about 12.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TIA-USDT	0.4326	0.0100	pay 0.0050% / 4h	2h 20m	$64K	$38K	50x
Short	Kraken Futures PF_TIAUSD	0.4335	−0.0388	pay 0.0049% / 1h	20m 44s	$357K	$239K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.204%Rate

Funding earned: −$102.49
Price spread: +0.204% → 0.000%: $20.44
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$104.05
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Kraken Futures: live order book, 2 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 HTX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	14.97 bp	20.2 bp −$20	74.3 bp −$743	doesn't fit	doesn't fit

HTX: 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
Kraken Futures PF_TIAUSDshort	−0.0388%	1h	0.4335	+0.204%	$357K	$239K	50x
Deribit TIA_USDC-PERPETUAL	−0.0211%	1h	0.4335	+0.208%	$30K	$27K	25x	as long as short
Bybit TIAUSDT	−0.0131%	4h	0.4332	+0.139%	$9.4M	$13.0M	50x	as long as short
ApeX Omni TIAUSDT	−0.0067%	1h	0.4334	+0.185%	$49K	$235K	50x	as long as short
Gate TIA_USDT	−0.0034%	4h	0.4333	+0.162%	$999K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0032%	4h	0.4331	+0.116%	$2.7M	$5.8M	50x	as long as short
KuCoin TIAUSDTM	−0.0006%	4h	0.4332	+0.139%	$4.2M	$8.6M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4337	+0.254%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0039%	4h	0.4337	+0.262%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4337	+0.245%	$128K	$353K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4336	+0.231%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4338	+0.280%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4334	+0.183%	$35K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4334	+0.188%	$14.1M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4334	+0.185%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4333	+0.162%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4334	+0.185%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4335	+0.208%	$103K	$150K	10x	as long as short
HTX TIA-USDTlong	+0.0100%	4h	0.4326	long leg	$64K	$38K	50x
Extended TIA-USD	+0.0104%	1h	0.4330	+0.103%	$58K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4334	+0.179%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4330	+0.101%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4345	+0.439%	$48K	$72K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4331	+0.116%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4331	+0.116%	$1.0M	$542K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4336	+0.241%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0860%	1h	0.4339	+0.299%	$52K	$59	10x	as long as short