Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0328%/8h= +35.9% APRpaid last 24h +0.079%

Price spread now: BingX against Kraken Futures−0.031%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now −0.031%, 7d avg −0.073%

Together, before fees−0.493%−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.041% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.252%, 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	0.4337	−0.0228	get 0.0028% / 1h	28m 46s	$355K	$242K	50x
Short	BingX TIA-USDC	0.4336	0.0100	get 0.0050% / 4h	1h 28m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $68.88
Price spread: −0.031% → −0.073%: $4.15
Slippage, 4 orders: −$63.23
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$10.2
Costs to cover: 0.832%
Break-even: 8.0 days

Slippage from Kraken Futures: live order book, 54 min ago; BingX: live order book, 7 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, 54 min ago	14.97 bp	22.7 bp −$23	65.9 bp −$659	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	2.31 bp	23.8 bp −$24	56.7 bp −$567	482.3 bp −$48.2K	833.6 bp −$416.8K

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
Kraken Futures PF_TIAUSDlong	−0.0228%	1h	0.4337	long leg	$355K	$242K	50x
OKX TIA-USDT-SWAP	−0.0083%	4h	0.4333	−0.100%	$2.7M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0042%	4h	0.4334	−0.077%	$4.2M	$8.6M	50x	as long as short
Gate TIA_USDT	−0.0038%	4h	0.4335	−0.054%	$996K	$1.8M	75x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4337	−0.008%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4336	−0.026%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0085%	1h	0.4325	−0.285%	$49K	$236K	50x	as long as short
Variational Omni TIA	+0.0095%	4h	0.4324	−0.309%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4342	+0.105%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4335	−0.054%	$5K	$362K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4345	+0.167%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4335	−0.044%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4338	+0.017%	$14.6M	$41.9M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4335	−0.054%	$9.5M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4337	−0.008%	$14.0M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4336	−0.031%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDCshort	+0.0100%	4h	0.4336	−0.031%	—	$6.5M	—
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4339	+0.026%	$100K	$149K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4337	−0.008%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4334	−0.083%	$57K	$170K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4336	−0.032%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4333	−0.100%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4330	−0.163%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4339	+0.038%	$47K	$74K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4337	−0.008%	$1.1M	$557K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4336	−0.029%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0697%	1h	0.4339	+0.048%	$52K	$59	10x	as long as short