TIA

Alert

Funding spread now, next payment 18:00 UTC+0.0089%/8h

next payment, per $10,000+$0.11paid, last 24h−0.032%paid, last 5 days−0.207%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TIA_USDC_PERP	0.4327	−0.0089	get 0.0011% / 1h	23m 24s	$98K	$149K	10x
Short	Deribit TIA_USDC-PERPETUAL	0.4333	0	get 0.0000% / 1h	23m 24s	$36K	$24K	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee DeribitbpOrdersRate

Funding earned: $18.66
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1.66
Break-even: 6.4 days

Slippage unknown: Backpack: live order book, 16 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.129%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 16 min ago	1.38 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni TIAUSDT	−0.0212%	1h	$49K	$232K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0135%	1h	$350K	$206K	50x	as long as short
Backpack TIA_USDC_PERPlong	−0.0089%	1h	$98K	$149K	10x
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	$36K	$24K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0080%	4h	$4.1M	$9.4M	50x	as long as short
Lighter TIA	+0.0096%	1h	$144K	$341K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0097%	4h	$5K	$357K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	$4.3M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	$25K	$274K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	$14.1M	$39.8M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	$9.3M	$11.9M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	$2.7M	$5.6M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	$1.0M	$1.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	$8.9M	$6.1M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	—	$6.5M	—	as long as short
Variational Omni TIA	+0.0100%	4h	$96K	$80K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	$74K	$18K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	$99K	$140K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0177%	1h	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0224%	1h	$49K	$57K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	$841K	$465K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0354% / S −0.2122%	1h	$22K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0410%	1h	$27K	$61K	12x	as long as short
dYdX TIA-USD	+0.0817%	1h	$51K	$59	10x	as long as short