Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%
Price spread now: Hyperliquid against Backpack+0.523%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.275%−$27 · spread now +0.523%, 7d avg +0.097%
=Together, before fees−0.277%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.425% dearer against Backpack than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4325 | 0.0100 | pay 0.0013% / 1h | 20m 08s | $100K | $174K | 10x |
| Short | Hyperliquid TIA | 0.4348 | 0.0100 | get 0.0013% / 1h | 20m 08s | $4.6M | $1.4M | 5x |
Backpack TIA_USDC_PERP
Hyperliquid TIAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $0
- Price spread: +0.523% → +0.097%
- $42.52
- Slippage, 4 orders
- −$37.27
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$13.75
- Costs to cover
- 0.563%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 28 min ago; Hyperliquid: live order book, 2 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 Backpack live order book, 28 min ago | 1.37 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 0.58 bp | 11.7 bp −$12 | 21.0 bp −$210 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4347 | +0.506% | $30K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4345 | +0.460% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0028% | 1h | 0.4309 | −0.372% | $49K | $227K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4349 | +0.543% | $151K | $428K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4346 | +0.483% | $6K | $268K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4348 | +0.523% | $4.6M | $1.4M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4341 | +0.359% | $33K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4343 | +0.414% | $13.6M | $44.3M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4343 | +0.414% | $9.7M | $13.8M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4343 | +0.414% | $2.7M | $6.4M | 50x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Lighter TIA
Orderly PERP_TIA_USDC
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
OKX TIA-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TIA_USDT | +0.0100% | 4h | 0.4346 | +0.483% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4346 | +0.483% | $9.9M | $6.7M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4344 | +0.437% | $4.2M | $9.5M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4344 | +0.437% | $4.4M | $3.7M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4344 | +0.437% | — | $103.1M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4325 | long leg | $100K | $174K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4321 | −0.101% | $101K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4334 | +0.206% | $58K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4343 | +0.403% | $55K | $212K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4338 | +0.304% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4341 | +0.364% | $6K | — | 15x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0187% / S +0.0051% | 1h | 0.4345 | +0.469% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0193% | 1h | 0.4344 | +0.431% | $344K | $205K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4326 | +0.021% | $25K | $11K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4323 | −0.049% | $1.6M | $697K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4350 | +0.576% | $47K | $84K | 50x | as long as short |
| dYdX TIA-USD | +0.0449% | 1h | 0.4338 | +0.303% | $52K | $139 | 10x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
GMX TIA/USD [ETH-USDC]
Kraken Futures PF_TIAUSD
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
dYdX TIA-USD