Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h +0.064%

Price spread now: Binance against Kraken Futures+0.019%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$860.862% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 4 days (all we have)−0.343%−$34 · spread now +0.019%, 7d avg −0.039%

Together, before fees−0.664%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.058% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.039%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.321% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TIAUSD	0.4399	0.0165	pay 0.0021% / 1h	43m 40s	$359K	$195K	50x
Short	Binance TIAUSDT	0.4400	0.0100	get 0.0050% / 4h	43m 40s	$14.4M	$42.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$13.65
Price spread: +0.019% → −0.039%: $5.8
Slippage, 4 orders: −$66.24
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$94.1
Costs to cover: 0.862%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 14 min ago; Binance: live order book, 13 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, 14 min ago	23.93 bp	29.3 bp −$29	64.7 bp −$647	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.27 bp	13.3 bp −$13	27.0 bp −$270	106.9 bp −$10.7K	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	−0.0093%	4h	0.4395	−0.087%	$9.7M	$13.5M	50x	as long as short
Variational Omni TIA	−0.0089%	4h	0.4386	−0.299%	$103K	$85K	—	as long as short
ApeX Omni TIAUSDT	−0.0027%	1h	0.4382	−0.383%	$49K	$231K	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4401	+0.049%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0010%	4h	0.4397	−0.042%	$4.2M	$9.1M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4406	+0.163%	$156K	$418K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4399	+0.004%	$5K	$277K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4404	+0.106%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4396	−0.059%	$32K	$245K	10x	as long as short
Binance TIAUSDTshort	+0.0100%	4h	0.4400	+0.019%	$14.4M	$42.9M	75x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4394	−0.110%	$2.8M	$6.2M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4399	+0.004%	$996K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4400	+0.026%	$12.0M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4396	−0.065%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4396	−0.065%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4403	+0.101%	$102K	$157K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4390	−0.201%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4393	−0.125%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4397	−0.042%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSDlong	+0.0165%	1h	0.4399	long leg	$359K	$195K	50x
Reya TIARUSDPERP	+0.0180%	1h	0.4398	−0.013%	$6K	—	15x	as long as short
Deribit TIA_USDC-PERPETUAL	+0.0205%	1h	0.4402	+0.072%	$31K	$27K	25x	as long as short
dYdX TIA-USD	+0.0212%	1h	0.4401	+0.049%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0237%	1h	0.4393	−0.133%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4387	−0.269%	$1.6M	$729K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4394	−0.110%	$51K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0494% / S −0.1196%	1h	0.4402	+0.064%	$40K	—	100x	as long as short