Funding you earn now, next payment 04:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h +0.041%
Price spread now: Backpack against Kraken Futures−0.059%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$910.913% of the position
Funding, last 7 days−0.330%−$33 on $10k
+Price spread, last 4 days (all we have)−0.258%−$26 · spread now −0.059%, 7d avg −0.059%
=The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TIAUSD | 0.4392 | 0.0165 | pay 0.0021% / 1h | 49m 42s | $359K | $196K | 50x |
| Short | Backpack TIA_USDC_PERP | 0.4389 | 0.0100 | get 0.0013% / 1h | 49m 42s | $104K | $157K | 10x |
Kraken Futures PF_TIAUSD
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.71
- Price spread: −0.059% → −0.059%
- $0.06
- Slippage, 4 orders
- −$71.31
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$104.96
- Costs to cover
- 0.913%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 8 min ago; Backpack: live order book, 8 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, 8 min ago | 23.93 bp | 29.3 bp −$29 | 64.7 bp −$647 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 8 min ago | 1.94 bp | 11.8 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0133% | 4h | 0.4380 | −0.271% | $9.6M | $13.4M | 50x | as long as short |
| Variational Omni TIA | −0.0085% | 4h | 0.4388 | −0.095% | $103K | $85K | — | as long as short |
| KuCoin TIAUSDTM | −0.0004% | 4h | 0.4385 | −0.157% | $4.2M | $9.1M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4389 | −0.066% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4389 | −0.069% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4393 | +0.021% | $155K | $418K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4387 | −0.111% | $5K | $282K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4392 | +0.005% | $4.7M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4389 | −0.075% | $32K | $245K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4384 | −0.176% | $14.3M | $42.9M | 75x | as long as short |
Bybit TIAUSDT
Variational Omni TIA
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4379 | −0.293% | $2.8M | $6.1M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4386 | −0.134% | $993K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4385 | −0.157% | $12.0M | $6.5M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4382 | −0.225% | $4.4M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4383 | −0.202% | — | $99.1M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4389 | −0.059% | $104K | $157K | 10x | |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4412 | +0.458% | $50K | $231K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4397 | +0.116% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4380 | −0.262% | $55K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4379 | −0.290% | $7K | — | 3x | as long as short |
| Kraken Futures PF_TIAUSDlong | +0.0165% | 1h | 0.4392 | long leg | $359K | $196K | 50x | |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4385 | −0.160% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0197% | 1h | 0.4387 | −0.105% | $52K | $199 | 10x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4405 | +0.299% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4391 | −0.020% | $1.6M | $717K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0384% | 1h | 0.4387 | −0.111% | $51K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0493% / S −0.1196% | 1h | 0.4389 | −0.060% | $40K | — | 100x | as long as short |
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]