Funding you earn now, next payment 22:00 UTC−0.0488%/8h= −53.4% APRpaid last 24h −0.080%
Price spread now: Kraken Futures against Orderly+0.035%7-day average +0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.305%+$30 on $10k
+Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.035%, 7d avg +0.049%
=The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.305%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.305% in total (about 15.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TIA_USDC | 0.4312 | 0.0098 | pay 0.0049% / 4h | 2h 08m | $5K | $360K | 10x |
| Short | Kraken Futures PF_TIAUSD | 0.4314 | −0.0390 | pay 0.0049% / 1h | 8m 54s | $355K | $239K | 50x |
Orderly PERP_TIA_USDC
Kraken Futures PF_TIAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$102.49
- Price spread: +0.035% → +0.049%
- −$1.42
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$119.91
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 14 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 Kraken Futures live order book, 14 min ago | 14.97 bp | 20.2 bp −$20 | 74.3 bp −$743 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TIAUSDshort | −0.0390% | 1h | 0.4314 | +0.035% | $355K | $239K | 50x | |
| Gate TIA_USDT | −0.0064% | 4h | 0.4311 | −0.023% | $994K | $1.8M | 75x | as long as short |
| KuCoin TIAUSDTM | −0.0042% | 4h | 0.4310 | −0.046% | $4.2M | $8.5M | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0026% | 4h | 0.4310 | −0.046% | $2.7M | $5.8M | 50x | as long as short |
| Bybit TIAUSDT | −0.0016% | 4h | 0.4311 | −0.023% | $9.4M | $13.0M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4315 | +0.070% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4315 | +0.071% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0018% | 1h | 0.4315 | +0.070% | $49K | $236K | 50x | as long as short |
| Variational Omni TIA | +0.0068% | 4h | 0.4308 | −0.084% | $101K | $85K | — | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4317 | +0.116% | $127K | $353K | 10x | as long as short |
Gate TIA_USDT
KuCoin TIAUSDTM
OKX TIA-USDT-SWAP
Bybit TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Variational Omni TIA
Lighter TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TIA_USDClong | +0.0098% | 4h | 0.4312 | long leg | $5K | $360K | 10x | |
| Hyperliquid TIA | +0.0100% | 1h | 0.4318 | +0.132% | $4.2M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4315 | +0.069% | $34K | $272K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4312 | +0.008% | $14.1M | $41.0M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4313 | +0.023% | $9.1M | $5.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4310 | −0.046% | $4.4M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4311 | −0.023% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4313 | +0.019% | $100K | $151K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4312 | 0.000% | $63K | $38K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4310 | −0.051% | $58K | $165K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4314 | +0.035% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0178% | 1h | 0.4311 | −0.023% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0200% | 1h | 0.4345 | +0.765% | $48K | $72K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4318 | +0.139% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4314 | +0.046% | $1.0M | $540K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0456% / S −0.3505% | 1h | 0.4314 | +0.051% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0793% | 1h | 0.4316 | +0.085% | $51K | $59 | 10x | as long as short |
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD