Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.044%

Price spread now: Extended against KuCoin−0.034%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.034%, 7d avg −0.059%

Together, before fees−0.006%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.025% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4406	0.0018	pay 0.0009% / 4h	2h 04m	$4.2M	$8.9M	50x
Short	Extended TIA-USD	0.4404	0.0104	get 0.0013% / 1h	4m 08s	$42K	$198K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.034%Rate

Funding earned: $18.06
Price spread: −0.034% → −0.059%: $2.46
Slippage, 4 orders: −$40.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$37.15
Costs to cover: 0.577%
Break-even: 21.4 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 62 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 KuCoin live order book, 4 min ago	2.27 bp	23.8 bp −$24	86.0 bp −$860	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	3.41 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit

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	−0.0027%	4h	0.4407	+0.023%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0003%	1h	0.4408	+0.048%	$360K	$212K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4410	+0.091%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4411	+0.114%	$1K	—	150x	as long as short
KuCoin TIAUSDTMlong	+0.0018%	4h	0.4406	long leg	$4.2M	$8.9M	50x
ApeX Omni TIAUSDT	+0.0029%	1h	0.4399	−0.159%	$50K	$233K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4415	+0.216%	$156K	$409K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4408	+0.045%	$5K	$317K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4415	+0.211%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4407	+0.024%	$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	0.4411	+0.104%	$14.4M	$42.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4405	−0.023%	$9.6M	$13.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4410	+0.091%	$992K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4410	+0.091%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4409	+0.068%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4408	+0.045%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4410	+0.084%	$102K	$154K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4397	−0.210%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4404	−0.045%	$59K	$75K	50x	as long as short
Extended TIA-USDshort	+0.0104%	1h	0.4404	−0.034%	$42K	$198K	25x
Aevo TIA-PERP	+0.0104%	1h	0.4408	+0.045%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4409	+0.064%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0193%	1h	0.4408	+0.045%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	+0.113%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4415	+0.204%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0472% / S −0.1083%	1h	0.4411	+0.103%	$40K	—	100x	as long as short