Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.037%

Price spread now: Aster against Kraken Futures−0.013%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1161.161% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.274%−$27 on $10k

Price spread, last 4 days (all we have)−0.607%−$61 · spread now −0.013%, 7d avg −0.023%

Together, before fees−0.880%+ Points / potential airdropAster: Stage 5 · farm board−$88 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 6 days funding on this pair cost −0.274%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TIAUSD	0.4515	−0.0111	get 0.0014% / 1h	16m 15s	$355K	$206K	50x
Short	Aster TIAUSDT	0.4514	0.0100	get 0.0050% / 4h	3h 16m	$33K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.013%Rate

Funding earned: $44.36
Price spread: −0.013% → −0.023%: $1
Slippage, 4 orders: −$98.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$70.73
Costs to cover: 1.161%
Break-even: 18.2 days

Slippage from Kraken Futures: live order book, 17 min ago; Aster: live order book, 15 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, 17 min ago	25.75 bp	31.1 bp −$31	68.3 bp −$683	doesn't fit	doesn't fit
Sell Aster live order book, 15 min ago	6.71 bp	33.5 bp −$33	doesn't fit	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
GMX TIA/USD [ETH-USDC]	L −0.3267% / S +0.0157%	1h	0.4510	−0.112%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSDlong	−0.0111%	1h	0.4515	long leg	$355K	$206K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4518	+0.071%	$31K	$23K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4510	−0.107%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0008%	1h	0.4513	−0.039%	$52K	$224K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0045%	4h	0.4515	+0.005%	$2.8M	$7.0M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4519	+0.094%	$82K	$156K	12x	as long as short
Lighter TIA	+0.0096%	1h	0.4523	+0.193%	$196K	$469K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4516	+0.027%	$7K	$214K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4521	+0.136%	$4.9M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDTshort	+0.0100%	4h	0.4514	−0.013%	$33K	$249K	10x
Binance TIAUSDT	+0.0100%	4h	0.4516	+0.036%	$14.7M	$49.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4515	+0.005%	$10.2M	$14.5M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4516	+0.027%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4517	+0.049%	$11.5M	$14.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4510	−0.106%	$4.4M	$10.2M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4513	−0.039%	$4.5M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4516	+0.027%	—	$14.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4511	−0.095%	$104K	$169K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4509	−0.131%	$138K	$77K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4512	−0.061%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4514	−0.020%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4516	+0.035%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0107%	1h	0.4508	−0.143%	$54K	$139	10x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4504	−0.235%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4507	−0.172%	$1.7M	$772K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4515	+0.005%	$54K	$102K	50x	as long as short