Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: OKX against Backpack−0.107%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$550.553% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.424%+$42 · spread now −0.107%, 7d avg −0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.072% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4409 | 0.0100 | pay 0.0013% / 1h | 7m 14s | $102K | $153K | 10x |
| Short | OKX TIA-USDT-SWAP | 0.4404 | 0.0100 | get 0.0050% / 4h | 1h 07m | $2.8M | $6.1M | 50x |
Backpack TIA_USDC_PERP
OKX TIA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.107% → −0.035%
- −$7.2
- Slippage, 4 orders
- −$35.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$62.5
- Costs to cover
- 0.553%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 56 min ago; OKX: live order book, 6 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, 56 min ago | 0.91 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 1.13 bp | 14.4 bp −$14 | 47.3 bp −$473 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0109% | 4h | 0.4405 | −0.084% | $9.7M | $13.5M | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0028% | 4h | 0.4404 | −0.107% | $4.2M | $9.0M | 50x | as long as short |
| Variational Omni TIA | −0.0009% | 4h | 0.4424 | +0.339% | $104K | $85K | — | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4411 | +0.052% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4412 | +0.072% | $1K | — | 150x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0075% | 1h | 0.4410 | +0.031% | $360K | $202K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4415 | +0.134% | $156K | $417K | 10x | as long as short |
| ApeX Omni TIAUSDT | +0.0097% | 1h | 0.4429 | +0.460% | $50K | $231K | 50x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4415 | +0.138% | $4.7M | $1.6M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4412 | +0.075% | $32K | $245K | 10x | as long as short |
Bybit TIAUSDT
KuCoin TIAUSDTM
Variational Omni TIA
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Kraken Futures PF_TIAUSD
Lighter TIA
ApeX Omni TIAUSDT
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4408 | −0.016% | $14.5M | $42.8M | 75x | as long as short |
| OKX TIA-USDT-SWAPshort | +0.0100% | 4h | 0.4404 | −0.107% | $2.8M | $6.1M | 50x | |
| Gate TIA_USDT | +0.0100% | 4h | 0.4410 | +0.029% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4410 | +0.029% | $12.1M | $6.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4407 | −0.039% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4406 | −0.061% | — | $99.0M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4409 | long leg | $102K | $153K | 10x | |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4409 | +0.007% | $5K | $292K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4412 | +0.075% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4404 | −0.099% | $56K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4409 | −0.001% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4405 | −0.084% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0204% | 1h | 0.4412 | +0.078% | $52K | $199 | 10x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4420 | +0.256% | $1.5M | $724K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0376% | 1h | 0.4418 | +0.211% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0494% / S −0.1196% | 1h | 0.4411 | +0.061% | $40K | — | 100x | as long as short |
| Injective TIA/USDC PERP | +0.0496% | 1h | 0.4438 | +0.665% | $26K | $10K | 12x | as long as short |
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Orderly PERP_TIA_USDC
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP