Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.032%
Price spread now: Lighter against Backpack+0.126%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$520.517% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.126%, 7d avg +0.063%
=Together, before fees+0.060%+ Points / potential airdropLighter: Season 3 · farm board+$6 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: Lighter is 0.063% dearer against Backpack than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.063%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4366 | 0.0100 | pay 0.0013% / 1h | 20m 59s | $101K | $153K | 10x |
| Short | Lighter TIA | 0.4372 | 0.0096 | get 0.0012% / 1h | 20m 59s | $139K | $362K | 10x |
Backpack TIA_USDC_PERP
Lighter TIAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.126% → +0.063%
- $6.29
- Slippage, 4 orders
- −$41.73
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$46.29
- Costs to cover
- 0.517%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 57 min ago; Lighter: live order book, 49 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, 57 min ago | 1.62 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 49 min ago | 1.96 bp | 15.5 bp −$15 | 92.3 bp −$923 | 337.9 bp −$33.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TIA-USDT-SWAP | −0.0191% | 4h | 0.4364 | −0.057% | $2.8M | $6.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0163% | 1h | 0.4366 | −0.005% | $359K | $246K | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0030% | 4h | 0.4368 | +0.034% | $4.2M | $8.7M | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0004% | 1h | 0.4355 | −0.263% | $49K | $235K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4366 | −0.011% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4368 | +0.040% | $1K | — | 150x | as long as short |
| Lighter TIAshort | +0.0096% | 1h | 0.4372 | +0.126% | $139K | $362K | 10x | |
| Gate TIA_USDT | +0.0096% | 4h | 0.4367 | +0.011% | $981K | $1.8M | 75x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4366 | −0.011% | $5K | $363K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4372 | +0.131% | $4.3M | $1.5M | 5x | as long as short |
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSD
KuCoin TIAUSDTM
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Gate TIA_USDT
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 | 0.4367 | +0.012% | $34K | $268K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4368 | +0.038% | $14.5M | $42.4M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4367 | +0.011% | $9.6M | $13.2M | 50x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4369 | +0.057% | $13.3M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4368 | +0.034% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4367 | +0.011% | — | $99.1M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4366 | long leg | $101K | $153K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4364 | −0.048% | $102K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4367 | +0.011% | $66K | $44K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4365 | −0.025% | $55K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4366 | −0.011% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4365 | −0.029% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0208% | 1h | 0.4389 | +0.515% | $51K | $77K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4360 | −0.149% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4365 | −0.034% | $1.2M | $574K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0460% / S −0.3505% | 1h | 0.4368 | +0.037% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0710% | 1h | 0.4371 | +0.110% | $52K | $59 | 10x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD