Funding you earn now, next payment 23:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.005%
Price spread now: KuCoin against Backpack−0.016%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$860.861% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.016%, 7d avg −0.011%
=The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4324 | 0.0100 | pay 0.0013% / 1h | 48m 04s | $100K | $150K | 10x |
| Short | KuCoin TIAUSDTM | 0.4323 | −0.0034 | pay 0.0017% / 4h | 1h 48m | $4.2M | $8.5M | 50x |
Backpack TIA_USDC_PERP
KuCoin TIAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$28.14
- Price spread: −0.016% → −0.011%
- −$0.56
- Slippage, 4 orders
- −$64.12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$114.81
- Costs to cover
- 0.861%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 35 min ago; KuCoin: live order book, 5 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, 35 min ago | 1.61 bp | 12.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.33 bp | 32.6 bp −$33 | 108.5 bp −$1,085 | 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_TIAUSD | −0.0229% | 1h | 0.4325 | +0.025% | $354K | $242K | 50x | as long as short |
| KuCoin TIAUSDTMshort | −0.0034% | 4h | 0.4323 | −0.016% | $4.2M | $8.5M | 50x | |
| Gate TIA_USDT | −0.0022% | 4h | 0.4325 | +0.030% | $994K | $1.8M | 75x | as long as short |
| OKX TIA-USDT-SWAP | −0.0012% | 4h | 0.4321 | −0.062% | $2.7M | $5.9M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4325 | +0.030% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4326 | +0.053% | $1K | — | 150x | as long as short |
| Bybit TIAUSDT | +0.0041% | 4h | 0.4322 | −0.039% | $9.5M | $13.2M | 50x | as long as short |
| Variational Omni TIA | +0.0087% | 4h | 0.4307 | −0.395% | $101K | $84K | — | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4327 | +0.081% | $128K | $351K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4323 | −0.016% | $5K | $361K | 10x | as long as short |
Kraken Futures PF_TIAUSD
Gate TIA_USDT
OKX TIA-USDT-SWAP
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Bybit TIAUSDT
Variational Omni TIA
Lighter TIA
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIA | +0.0100% | 1h | 0.4329 | +0.125% | $4.2M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4326 | +0.046% | $35K | $267K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4325 | +0.030% | $14.1M | $41.7M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4325 | +0.030% | $14.1M | $6.7M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4323 | −0.016% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4324 | +0.007% | — | $99.0M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4324 | long leg | $100K | $150K | 10x | |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4315 | −0.201% | $49K | $237K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4324 | +0.007% | $64K | $41K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4322 | −0.043% | $57K | $171K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4322 | −0.044% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0106% | 1h | 0.4324 | +0.007% | $26K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4322 | −0.050% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0216% | 1h | 0.4330 | +0.146% | $47K | $74K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4317 | −0.155% | $1.0M | $541K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0457% / S −0.3505% | 1h | 0.4326 | +0.055% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0707% | 1h | 0.4321 | −0.072% | $51K | $59 | 10x | as long as short |
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD