Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0452%/8h= +49.5% APRpaid last 24h +0.113%

Price spread now: BloFin against Kraken Futures−0.050%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now −0.050%, 7d avg −0.033%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TIAUSD	0.4474	−0.0112	get 0.0014% / 1h	34m 48s	$353K	$223K	50x
Short	BloFin TIA-USDT	0.4472	0.0340	get 0.0170% / 4h	3h 34m	$1.7M	$782K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.050%Rate

Funding earned: $94.97
Price spread: −0.050% → −0.033%: −$1.75
Slippage, 4 orders: −$60.95
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.27
Costs to cover: 0.829%
Break-even: 6.2 days

Slippage from Kraken Futures: live order book, 63 min ago; BloFin: live order book, 3 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, 63 min ago	19.22 bp	25.4 bp −$25	65.1 bp −$651	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.11 bp	13.3 bp −$13	24.7 bp −$247	73.3 bp −$7,326	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 −0.2539% / S +0.0132%	1h	0.4473	−0.017%	$6K	—	100x	as long as short
Kraken Futures PF_TIAUSDlong	−0.0112%	1h	0.4474	long leg	$353K	$223K	50x
ApeX Omni TIAUSDT	−0.0020%	1h	0.4484	+0.218%	$51K	$224K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4474	−0.005%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4475	+0.014%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0024%	4h	0.4467	−0.162%	$2.8M	$7.0M	50x	as long as short
Injective TIA/USDC PERP	+0.0048%	1h	0.4489	+0.330%	$24K	$12K	12x	as long as short
dYdX TIA-USD	+0.0073%	1h	0.4476	+0.045%	$53K	$139	10x	as long as short
Lighter TIA	+0.0096%	1h	0.4480	+0.138%	$194K	$469K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4472	−0.050%	$7K	$220K	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	0.4479	+0.113%	$4.9M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4474	+0.005%	$33K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4470	−0.090%	$14.4M	$49.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4467	−0.162%	$10.1M	$14.5M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4473	−0.028%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4472	−0.050%	$11.7M	$14.4M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4471	−0.072%	$4.3M	$10.1M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4471	−0.072%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4471	−0.072%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4474	−0.016%	$103K	$175K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4472	−0.055%	$137K	$79K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4475	+0.017%	$60K	$76K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4467	−0.165%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4472	−0.050%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4467	−0.165%	$6K	—	15x	as long as short
BloFin TIA-USDTshort	+0.0340%	4h	0.4472	−0.050%	$1.7M	$782K	75x
Coinbase International TIA-PERP-INTX	+0.0416%	1h	0.4500	+0.576%	$53K	$107K	50x	as long as short