Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.074%
Price spread now: BloFin against Orderly−0.407%52s7-day average +0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 4 days (all we have)+0.284%+$28 · spread now −0.407%, 7d avg +0.020%
=Funding pays, the price is against you. BloFin is 0.427% cheaper against Orderly than usual: you would sell low and buy high (spread −0.407% now, against its 7-day average of +0.020%). If the spread goes back, that is −$43 on $10k: about 5.9 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.251% in total) that is about 12 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TIA_USDC | 0.4427 | 0.0100 | pay 0.0050% / 4h | 1h 36m | $5K | $317K | 10x |
| Short | BloFin TIA-USDT | 0.4409 | 0.0340 | get 0.0170% / 4h | 1h 36m | $1.4M | $707K | 75x |
Orderly PERP_TIA_USDC
BloFin TIA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.407% → +0.020%
- −$42.67
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.27
- Costs to cover
- 0.180%
- Break-even
- 8.4 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 6 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 6 min ago | 3.39 bp | 9.8 bp −$10 | 19.6 bp −$196 | 57.6 bp −$5,760 | doesn't fit |
Orderly: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0024% | 4h | 0.4426 | −0.023% | $9.6M | $13.3M | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0019% | 1h | 0.4407 | −0.452% | $50K | $231K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4429 | +0.045% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4428 | +0.018% | $1K | — | 150x | as long as short |
| KuCoin TIAUSDTM | +0.0012% | 4h | 0.4420 | −0.158% | $4.2M | $9.0M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0047% | 4h | 0.4428 | +0.023% | $2.8M | $6.1M | 50x | as long as short |
| Variational Omni TIA | +0.0067% | 4h | 0.4404 | −0.528% | $103K | $84K | — | as long as short |
| Kraken Futures PF_TIAUSD | +0.0074% | 1h | 0.4429 | +0.040% | $362K | $206K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4435 | +0.178% | $157K | $415K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4427 | −0.002% | $4.7M | $1.6M | 5x | as long as short |
Bybit TIAUSDT
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
KuCoin TIAUSDTM
OKX TIA-USDT-SWAP
Variational Omni TIA
Kraken Futures PF_TIAUSD
Lighter TIA
Hyperliquid TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4419 | −0.181% | $32K | $246K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4428 | +0.028% | $14.6M | $42.6M | 75x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4423 | −0.090% | $995K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4429 | +0.045% | $12.3M | $6.5M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4427 | 0.000% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4426 | −0.023% | — | $99.0M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4422 | −0.113% | $102K | $155K | 10x | as long as short |
| Orderly PERP_TIA_USDClong | +0.0100% | 4h | 0.4427 | long leg | $5K | $317K | 10x | |
| HTX TIA-USDT | +0.0100% | 4h | 0.4419 | −0.181% | $59K | $74K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4426 | −0.017% | $56K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4429 | +0.034% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4420 | −0.163% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0208% | 1h | 0.4418 | −0.201% | $52K | $199 | 10x | as long as short |
| BloFin TIA-USDTshort | +0.0340% | 4h | 0.4409 | −0.407% | $1.4M | $707K | 75x | |
| Coinbase International TIA-PERP-INTX | +0.0376% | 1h | 0.4430 | +0.068% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0495% / S −0.1196% | 1h | 0.4427 | −0.010% | $40K | — | 100x | as long as short |
| Injective TIA/USDC PERP | +0.0496% | 1h | 0.4411 | −0.361% | $26K | $10K | 12x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP