TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0366%/8h= −40.1% APRnext payment −$0.46 per $10,000 · paid last 24h +0.045%

Price spread now: ApeX Omni against Kraken Futures+0.087%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.087%, 7d avg −0.048%

Together, before fees−0.524%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.136% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of −0.048%): +$14 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.299% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TIAUSD	0.4363	−0.0003	get 0.0000% / 1h	45m 09s	$359K	$226K	50x
Short	ApeX Omni TIAUSDT	0.4367	−0.0369	pay 0.0046% / 1h	45m 09s	$49K	$232K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: −$76.87
Price spread: +0.087% → −0.048%: $13.56
Slippage, 4 orders: −$59.04
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$142.35
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 23 min ago; ApeX Omni: live order book, 21 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 Kraken Futures live order book, 23 min ago	12.48 bp	23.6 bp −$24	62.5 bp −$625	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 min ago	7.97 bp	16.0 bp −$16	105.5 bp −$1,055	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
ApeX Omni TIAUSDTshort	−0.0369%	1h	0.4367	+0.087%	$49K	$232K	50x
OKX TIA-USDT-SWAP	−0.0117%	4h	0.4358	−0.119%	$2.8M	$6.0M	50x	as long as short
KuCoin TIAUSDTM	−0.0004%	4h	0.4359	−0.096%	$4.2M	$8.8M	50x	as long as short
Kraken Futures PF_TIAUSDlong	−0.0003%	1h	0.4363	long leg	$359K	$226K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4361	−0.050%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4363	−0.008%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0039%	4h	0.4358	−0.119%	$9.5M	$13.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4366	+0.062%	$139K	$360K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4359	−0.096%	$5K	$342K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4368	+0.099%	$4.6M	$1.6M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4359	−0.089%	$34K	$240K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4361	−0.050%	$14.3M	$42.1M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4363	−0.004%	$981K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4360	−0.073%	$12.5M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4363	−0.004%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4360	−0.073%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4361	−0.046%	$101K	$161K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4361	−0.043%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4366	+0.064%	$58K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4356	−0.168%	$49K	$189K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4358	−0.114%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0161%	1h	0.4367	+0.094%	$52K	$199	10x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4357	−0.133%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4352	−0.256%	$26K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4377	+0.317%	$51K	$76K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4373	+0.225%	$1.3M	$617K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0461% / S −0.3505%	1h	0.4361	−0.042%	$36K	—	100x	as long as short