Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h +0.005%

Price spread now: KuCoin against Injective−0.185%7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.185% cheaper against Injective than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TIA/USDC PERP	0.4318	0.0210	pay 0.0026% / 1h	8m 59s	$26K	$10K	12x
Short	KuCoin TIAUSDTM	0.4310	−0.0042	pay 0.0021% / 4h	2h 08m	$4.2M	$8.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$52.84
Price spread: −0.185% → 0.000%: −$18.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$83.39
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 9 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 9 min ago	2.31 bp	24.8 bp −$25	86.7 bp −$867	doesn't fit	doesn't fit

Injective: 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_TIAUSD	−0.0390%	1h	0.4314	−0.104%	$355K	$239K	50x	as long as short
Gate TIA_USDT	−0.0064%	4h	0.4311	−0.162%	$994K	$1.8M	75x	as long as short
KuCoin TIAUSDTMshort	−0.0042%	4h	0.4310	−0.185%	$4.2M	$8.5M	50x
OKX TIA-USDT-SWAP	−0.0026%	4h	0.4310	−0.185%	$2.7M	$5.8M	50x	as long as short
Bybit TIAUSDT	−0.0016%	4h	0.4311	−0.162%	$9.4M	$13.0M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4315	−0.069%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4315	−0.068%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0018%	1h	0.4315	−0.069%	$49K	$236K	50x	as long as short
Variational Omni TIA	+0.0068%	4h	0.4308	−0.223%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4317	−0.023%	$127K	$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	+0.0098%	4h	0.4312	−0.139%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4318	−0.007%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4315	−0.070%	$34K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4312	−0.131%	$14.1M	$41.0M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4313	−0.116%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4310	−0.185%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4311	−0.162%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4313	−0.120%	$100K	$151K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4312	−0.139%	$63K	$38K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4310	−0.189%	$58K	$165K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4314	−0.104%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4311	−0.162%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4345	+0.625%	$48K	$72K	50x	as long as short
Injective TIA/USDC PERPlong	+0.0210%	1h	0.4318	long leg	$26K	$10K	12x
BloFin TIA-USDT	+0.0340%	4h	0.4314	−0.093%	$1.0M	$540K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0456% / S −0.3505%	1h	0.4314	−0.088%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0793%	1h	0.4316	−0.054%	$51K	$59	10x	as long as short