TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0444%/8h= +48.6% APRnext payment +$0.55 per $10,000 · paid last 24h +0.198%

Price spread now: dYdX against Backpack−0.384%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.585%+$58 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.384% cheaper against Backpack than usual: you would sell low and buy high (spread −0.384% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$38 on $10k: about 2.9 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TIA_USDC_PERP	0.4392	0.0100	pay 0.0013% / 1h	24m 18s	$101K	$167K	10x
Short	dYdX TIA-USD	0.4375	0.0544	get 0.0068% / 1h	24m 18s	$52K	$139	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.384%Rate

Funding earned: $93.2
Price spread: −0.384% → 0.000%: −$38.42
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $34.78
Costs to cover: 0.200%
Break-even: 4.4 days

Slippage unknown: Backpack: live order book, 29 min ago; dYdX: no order-book sample. 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 Backpack live order book, 29 min ago	2.02 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4373	−0.433%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4374	−0.410%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0059%	1h	0.4405	+0.296%	$50K	$229K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4379	−0.303%	$155K	$419K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4374	−0.410%	$6K	$247K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4384	−0.191%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4376	−0.359%	$33K	$242K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4372	−0.455%	$14.2M	$43.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4372	−0.455%	$9.8M	$13.5M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4371	−0.478%	$2.8M	$6.3M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4376	−0.364%	$995K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4375	−0.387%	$11.3M	$6.5M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4378	−0.319%	$4.2M	$9.2M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4371	−0.478%	$4.4M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4373	−0.433%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERPlong	+0.0100%	1h	0.4392	long leg	$101K	$167K	10x
Variational Omni TIA	+0.0100%	4h	0.4405	+0.300%	$103K	$59K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4406	+0.319%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4370	−0.500%	$55K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4374	−0.421%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4375	−0.381%	$6K	—	15x	as long as short
Injective TIA/USDC PERP	+0.0271%	1h	0.4413	+0.478%	$26K	$11K	12x	as long as short
Kraken Futures PF_TIAUSD	+0.0330%	1h	0.4375	−0.379%	$358K	$193K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4409	+0.387%	$1.7M	$733K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4370	−0.501%	$49K	$78K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0493% / S −0.1196%	1h	0.4374	−0.406%	$40K	—	100x	as long as short
dYdX TIA-USDshort	+0.0544%	1h	0.4375	−0.384%	$52K	$139	10x