Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h +0.060%

Price spread now: MEXC against Kraken Futures+0.042%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$740.736% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.323%−$32 on $10k

Price spread, last 4 days (all we have)−0.265%−$27 · spread now +0.042%, 7d avg −0.037%

Together, before fees−0.589%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.079% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.037%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TIAUSD	0.4392	0.0329	pay 0.0041% / 1h	25m 01s	$359K	$193K	50x
Short	MEXC TIA_USDT	0.4394	0.0100	get 0.0050% / 4h	3h 25m	$11.3M	$6.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$48.14
Price spread: +0.042% → −0.037%: $7.91
Slippage, 4 orders: −$63.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$113.8
Costs to cover: 0.736%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 28 min ago; MEXC: 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, 28 min ago	24.71 bp	31.8 bp −$32	62.1 bp −$621	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.13 bp	4.5 bp −$4	12.3 bp −$123	65.4 bp −$6,536	131.8 bp −$65.9K

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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4390	−0.049%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4397	+0.106%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0059%	1h	0.4405	+0.293%	$50K	$229K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4400	+0.167%	$155K	$419K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4391	−0.026%	$6K	$246K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4397	+0.117%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4393	+0.024%	$33K	$241K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4391	−0.025%	$14.3M	$43.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4389	−0.072%	$9.9M	$13.5M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4388	−0.095%	$2.8M	$6.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4394	+0.042%	$999K	$1.8M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4394	+0.042%	$11.3M	$6.5M	300x
KuCoin TIAUSDTM	+0.0100%	4h	0.4393	+0.019%	$4.2M	$9.2M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4390	−0.049%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4391	−0.026%	—	$103.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4392	−0.003%	$101K	$167K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4405	+0.297%	$103K	$59K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4406	+0.315%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4386	−0.146%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4390	−0.059%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4400	+0.184%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0271%	1h	0.4413	+0.475%	$26K	$11K	12x	as long as short
Kraken Futures PF_TIAUSDlong	+0.0329%	1h	0.4392	long leg	$359K	$193K	50x
BloFin TIA-USDT	+0.0340%	4h	0.4409	+0.384%	$1.7M	$733K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4401	+0.201%	$51K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0494% / S −0.1196%	1h	0.4396	+0.077%	$40K	—	100x	as long as short
dYdX TIA-USD	+0.0550%	1h	0.4410	+0.410%	$52K	$139	10x	as long as short