Funding you earn now, next payment 11:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.008%
Price spread now: Backpack against ApeX Omni−0.366%7-day average −0.024% · 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−$91as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.366%, 7d avg −0.024%
=Funding pays, the price is against you. Backpack is 0.342% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.366% now, against its 7-day average of −0.024%). If the spread goes back, that is −$34 on $10k: about 12 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni TIAUSDT | 0.4393 | 0.0006 | pay 0.0001% / 1h | 54m 19s | $51K | $219K | 50x |
| Short | Backpack TIA_USDC_PERP | 0.4377 | 0.0100 | get 0.0013% / 1h | 54m 19s | $101K | $174K | 10x |
ApeX Omni TIAUSDT
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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
- $19.74
- Price spread: −0.366% → −0.024%
- −$34.22
- Slippage, 4 orders
- −$36.64
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$71.11
- Costs to cover
- 0.566%
- Break-even
- 32.2 days
Slippage from ApeX Omni: live order book, 55 min ago; Backpack: live order book, 56 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 ApeX Omni live order book, 55 min ago | 5.69 bp | 13.9 bp −$14 | 113.2 bp −$1,132 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 56 min ago | 1.25 bp | 12.2 bp −$12 | doesn't fit | 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 −0.5414% / S +0.0229% | 1h | 0.4378 | −0.338% | $5K | — | 100x | as long as short |
| Deribit TIA_USDC-PERPETUAL | −0.0436% | 1h | 0.4370 | −0.524% | $32K | $20K | 25x | as long as short |
| Bybit TIAUSDT | −0.0322% | 4h | 0.4367 | −0.592% | $9.6M | $14.4M | 50x | as long as short |
| Injective TIA/USDC PERP | −0.0275% | 1h | 0.4374 | −0.433% | $83K | $165K | 12x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4372 | −0.489% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDTlong | +0.0006% | 1h | 0.4393 | long leg | $51K | $219K | 50x | |
| dYdX TIA-USD | +0.0008% | 1h | 0.4375 | −0.417% | $52K | $139 | 10x | as long as short |
| Variational Omni TIA | +0.0082% | 4h | 0.4376 | −0.378% | $102K | $100K | — | as long as short |
| Kraken Futures PF_TIAUSD | +0.0083% | 1h | 0.4371 | −0.492% | $366K | $215K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4377 | −0.362% | $191K | $434K | 10x | as long as short |
GMX TIA/USD [ETH-USDC]
Deribit TIA_USDC-PERPETUAL
Bybit TIAUSDT
Injective TIA/USDC PERP
gTrade (Gains Network) TIA/USD
dYdX TIA-USD
Variational Omni TIA
Kraken Futures PF_TIAUSD
Lighter TIAShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4371 | −0.501% | $6K | $187K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4376 | −0.385% | $4.6M | $1.6M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4372 | −0.478% | $31K | $238K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4370 | −0.516% | $14.0M | $48.5M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4369 | −0.546% | $2.7M | $6.7M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4371 | −0.501% | $1.0M | $1.7M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4371 | −0.501% | $10.5M | $14.4M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4370 | −0.524% | $4.2M | $10.4M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4366 | −0.615% | $4.4M | $4.2M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4368 | −0.569% | — | $14.6M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4377 | −0.366% | $101K | $174K | 10x | |
| HTX TIA-USDT | +0.0100% | 4h | 0.4377 | −0.364% | $58K | $75K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4368 | −0.579% | $55K | $210K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4370 | −0.512% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4368 | −0.580% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4374 | −0.433% | $1.5M | $687K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4407 | +0.319% | $53K | $109K | 50x | as long as short |
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX