TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.037%

Price spread now: Kraken Futures against Lighter−0.088%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

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

costs, in and out, $10k−$730.726% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.343%+$34 on $10k

Price spread, last 4 days (all we have)+0.404%+$40 · spread now −0.088%, 7d avg −0.019%

Together, before fees+0.747%+ Points / potential airdropLighter: Season 3 · farm board+$75 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Kraken Futures is 0.069% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.343%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter TIA	0.4320	0.0096	pay 0.0012% / 1h	28m 16s	$151K	$472K	10x
Short	Kraken Futures PF_TIAUSD	0.4316	0.0084	get 0.0010% / 1h	28m 16s	$349K	$253K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$2.61
Price spread: −0.088% → −0.019%: −$6.86
Slippage, 4 orders: −$62.56
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$82.03
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; Kraken Futures: live order book, 17 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 Lighter live order book, 10 min ago	10.62 bp	10.6 bp −$11	63.1 bp −$631	320.0 bp −$32.0K	doesn't fit
Sell Kraken Futures live order book, 17 min ago	10.31 bp	31.8 bp −$32	70.2 bp −$702	doesn't fit	doesn't fit

TIA on 27 exchanges

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 −0.6754% / S +0.0274%	1h	0.4317	−0.054%	$5K	—	100x	as long as short
Injective TIA/USDC PERP	−0.0275%	1h	0.4374	+1.257%	$83K	$165K	12x	as long as short
Deribit TIA_USDC-PERPETUAL	−0.0213%	1h	0.4318	−0.039%	$32K	$20K	25x	as long as short
Bybit TIAUSDT	−0.0092%	4h	0.4317	−0.063%	$9.6M	$14.9M	50x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4320	−0.001%	$1K	—	150x	as long as short
dYdX TIA-USD	+0.0062%	1h	0.4319	−0.017%	$51K	$139	10x	as long as short
Kraken Futures PF_TIAUSDshort	+0.0084%	1h	0.4316	−0.088%	$349K	$253K	50x
Variational Omni TIA	+0.0090%	4h	0.4310	−0.213%	$100K	$100K	—	as long as short
Lighter TIAlong	+0.0096%	1h	0.4320	long leg	$151K	$472K	10x
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4317	−0.063%	$6K	$177K	10x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TIAUSDT	+0.0099%	1h	0.4311	−0.201%	$50K	$221K	50x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4325	+0.113%	$4.5M	$1.7M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4317	−0.070%	$31K	$238K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4318	−0.040%	$13.9M	$49.2M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4315	−0.109%	$2.7M	$6.7M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4318	−0.039%	$979K	$1.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4317	−0.063%	$10.1M	$14.7M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4317	−0.063%	$4.1M	$10.5M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4313	−0.155%	$4.3M	$4.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4316	−0.086%	—	$14.7M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4315	−0.106%	$100K	$181K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4318	−0.039%	$58K	$79K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4313	−0.148%	$55K	$209K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4315	−0.109%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0183%	1h	0.4315	−0.119%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4311	−0.201%	$1.5M	$792K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4407	+2.021%	$53K	$109K	50x	as long as short