Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0490%/8h= −53.6% APRpaid last 24h −0.077%

Price spread now: Kraken Futures against Aster+0.121%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.294%+$29 on $10k

Price spread, last 3 days (all we have)+0.499%+$50 · spread now +0.121%, 7d avg +0.029%

Together, before fees+0.793%+ Points / potential airdropAster: Stage 5 · farm board+$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.092% dearer against Aster than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.029%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 5 days funding on this pair paid +0.294%, 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	Aster TIAUSDT	0.4349	0.0100	pay 0.0050% / 4h	3h 32m	$30K	$267K	10x
Short	Kraken Futures PF_TIAUSD	0.4354	−0.0390	pay 0.0049% / 1h	32m 21s	$364K	$233K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$102.89
Price spread: +0.121% → +0.029%: $9.23
Slippage, 4 orders: −$59.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$170.98
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from Aster: live order book, 15 min ago; Kraken Futures: live order book, 16 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 Aster live order book, 15 min ago	4.64 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 16 min ago	8.14 bp	23.8 bp −$24	72.9 bp −$729	doesn't fit	doesn't fit

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	0.4354	+0.121%	$364K	$233K	50x
Backpack TIA_USDC_PERP	−0.0252%	1h	0.4353	+0.096%	$100K	$157K	10x	as long as short
Gate TIA_USDT	−0.0146%	4h	0.4348	−0.029%	$986K	$1.8M	75x	as long as short
ApeX Omni TIAUSDT	−0.0073%	1h	0.4340	−0.213%	$49K	$235K	50x	as long as short
KuCoin TIAUSDTM	−0.0002%	4h	0.4348	−0.029%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4352	+0.063%	$36K	$22K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4350	+0.028%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0057%	4h	0.4348	−0.029%	$2.7M	$5.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4358	+0.201%	$123K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4351	+0.040%	$5K	$357K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4353	+0.082%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDTlong	+0.0100%	4h	0.4349	long leg	$30K	$267K	10x
Binance TIAUSDT	+0.0100%	4h	0.4354	+0.109%	$14.3M	$41.1M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4352	+0.063%	$9.5M	$12.8M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4350	+0.017%	$9.2M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4349	−0.006%	$4.5M	$3.6M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4347	−0.052%	—	$100.8M	—	as long as short
Variational Omni TIA	+0.0100%	4h	0.4339	−0.246%	$100K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4341	−0.190%	$74K	$15K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4348	−0.019%	$74K	$154K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4352	+0.070%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0144%	1h	0.4346	−0.075%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4346	−0.076%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4353	+0.086%	$49K	$71K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4347	−0.052%	$965K	$492K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0394% / S −0.2692%	1h	0.4350	+0.014%	$28K	—	100x	as long as short
dYdX TIA-USD	+0.0548%	1h	0.4354	+0.109%	$52K	$59	10x	as long as short