Settings8H · net · $10k
Funding arb · Price arb /

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0222%/8h= −24.4% APRnext payment $0.28 per $10,000 · paid last 24h +0.061%
Price spread now: Aevo against Kraken Futures−0.105%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aevo is 0.105% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TIAUSD0.44300.0326pay 0.0041% / 1h49m 26s$362K$193K50x
ShortAevo TIA-PERP0.44260.0104get 0.0013% / 1h49m 26s$7K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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

Funding earned
−$46.7
Price spread: −0.105% → 0.000%
−$10.46
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$83.16
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago24.71 bp31.8 bp −$3262.1 bp −$621doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4426−0.099%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4424−0.147%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0090%4h0.4417−0.302%$2.8M$6.3M50xas long as short
Lighter TIA+0.0096%1h0.4430−0.020%$156K$417K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4424−0.144%$5K$240K10xas long as short
Hyperliquid TIA+0.0100%1h0.4428−0.051%$4.7M$1.4M5xas long as short
Aster TIAUSDT+0.0100%4h0.4427−0.076%$34K$241K10xas long as short
Binance TIAUSDT+0.0100%4h0.4422−0.189%$14.5M$43.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4420−0.234%$9.9M$13.4M50xas long as short
Gate TIA_USDT+0.0100%4h0.4425−0.121%$1.0M$1.8M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TIA_USDT+0.0100%4h0.4424−0.144%$11.9M$6.4M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4422−0.189%$4.3M$9.2M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4422−0.189%$4.5M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.4421−0.212%$101.7Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4426−0.090%$102K$170K10xas long as short
Variational Omni TIA+0.0100%4h0.4440+0.222%$103K$66Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4451+0.466%$50K$230K50xas long as short
HTX TIA-USDT+0.0100%4h0.4432+0.037%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4419−0.250%$56K$211K25xas long as short
Aevo TIA-PERPshort+0.0104%1h0.4426−0.105%$7K3x
Reya TIARUSDPERP+0.0181%1h0.4419−0.254%$6K15xas long as short
Injective TIA/USDC PERP+0.0271%1h0.4451+0.466%$26K$11K12xas long as short
Kraken Futures PF_TIAUSDlong+0.0326%1h0.4430long leg$362K$193K50x
BloFin TIA-USDT+0.0340%4h0.4435+0.104%$1.7M$738K75xas long as short
Coinbase International TIA-PERP-INTX+0.0400%1h0.4456+0.578%$52K$77K50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0495% / S −0.1196%1h0.4423−0.160%$41K100xas long as short
dYdX TIA-USD+0.0526%1h0.4425−0.116%$53K$13910xas long as short