Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.017%

Price spread now: Deribit against KuCoin0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4419	0.0016	pay 0.0008% / 4h	1h 59m	$4.3M	$8.9M	50x
Short	Deribit TIA_USDC-PERPETUAL	0.4419	0	get 0.0000% / 1h	59m 51s	$31K	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$3.36
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$22.36
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

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 KuCoin live order book, 3 min ago	2.27 bp	28.2 bp −$28	98.7 bp −$987	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TIA on 26 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
OKX TIA-USDT-SWAP	−0.0019%	4h	0.4424	+0.113%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4421	+0.036%	$361K	$211K	50x	as long as short
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	0.4419	0.000%	$31K	$27K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4420	+0.021%	$1K	—	150x	as long as short
KuCoin TIAUSDTMlong	+0.0016%	4h	0.4419	long leg	$4.3M	$8.9M	50x
ApeX Omni TIAUSDT	+0.0055%	1h	0.4409	−0.226%	$50K	$233K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4429	+0.229%	$157K	$409K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4418	−0.023%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4432	+0.285%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4421	+0.049%	$32K	$245K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4425	+0.137%	$14.5M	$42.6M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4423	+0.091%	$9.6M	$13.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4426	+0.158%	$996K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4424	+0.113%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4423	+0.091%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4423	+0.091%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4428	+0.199%	$102K	$152K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4409	−0.232%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4418	−0.023%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4421	+0.055%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4420	+0.034%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4409	−0.231%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0186%	1h	0.4416	−0.065%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	−0.181%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4418	−0.023%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0478% / S −0.1112%	1h	0.4412	−0.161%	$40K	—	100x	as long as short