Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.12 per $10,000 · paid last 24h −0.010%
Price spread now: gTrade (Gains Network) against Backpack−0.033%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.033% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4451 | 0.0100 | pay 0.0013% / 1h | 8m 26s | $103K | $174K | 10x |
| Short | gTrade (Gains Network) TIA/USD | 0.4449 | L +0.0002% / S 0.0000% | get 0.0000% / 1h | 8m 26s | $1K | — | 150x |
Backpack TIA_USDC_PERP
gTrade (Gains Network) TIA/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Backpack. 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
- −$20.93
- Price spread: −0.033% → 0.000%
- −$3.26
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$44.19
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 30 min ago; gTrade (Gains Network): 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, 30 min ago | 1.25 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX TIA/USD [ETH-USDC] | L −0.1259% / S +0.0089% | 1h | 0.4448 | −0.051% | $5K | — | 100x | as long as short |
| ApeX Omni TIAUSDT | −0.0056% | 1h | 0.4438 | −0.283% | $51K | $224K | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0007% | 1h | 0.4450 | −0.009% | $348K | $208K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4452 | +0.031% | $31K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USDshort | L +0.0002% / S 0.0000% | 1h | 0.4449 | −0.033% | $1K | — | 150x | |
| Injective TIA/USDC PERP | +0.0014% | 1h | 0.4449 | −0.036% | $24K | $12K | 12x | as long as short |
| OKX TIA-USDT-SWAP | +0.0044% | 4h | 0.4442 | −0.193% | $2.8M | $6.8M | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4456 | +0.117% | $156K | $428K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4448 | −0.058% | $7K | $230K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4453 | +0.054% | $4.8M | $1.5M | 5x | as long as short |
GMX TIA/USD [ETH-USDC]
ApeX Omni TIAUSDT
Kraken Futures PF_TIAUSD
Deribit TIA_USDC-PERPETUAL
Injective TIA/USDC PERP
OKX TIA-USDT-SWAP
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4446 | −0.094% | $33K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4449 | −0.036% | $14.1M | $48.2M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4447 | −0.081% | $10.2M | $14.0M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4447 | −0.081% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4449 | −0.036% | $12.4M | $14.1M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4447 | −0.081% | $4.3M | $10.0M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4443 | −0.171% | $4.4M | $4.1M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4446 | −0.103% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4451 | long leg | $103K | $174K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4435 | −0.352% | $136K | $78K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4451 | +0.009% | $60K | $75K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4443 | −0.166% | $57K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4446 | −0.093% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4444 | −0.148% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0237% | 1h | 0.4450 | −0.005% | $53K | $139 | 10x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4448 | −0.058% | $1.7M | $718K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0432% | 1h | 0.4459 | +0.189% | $52K | $104K | 50x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX