Funding you earn now, next payment 10:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.016%
Price spread now: Orderly against Backpack−0.025%7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.035%+$3 on $10k
+Price spread, last 4 days (all we have)+0.290%+$29 · spread now −0.025%, 7d avg +0.009%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.034% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4400 | 0.0100 | pay 0.0013% / 1h | 18m 28s | $102K | $177K | 10x |
| Short | Orderly PERP_TIA_USDC | 0.4399 | 0.0098 | get 0.0049% / 4h | 2h 18m | $7K | $193K | 10x |
Backpack TIA_USDC_PERP
Orderly PERP_TIA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$0.34
- Price spread: −0.025% → +0.009%
- −$3.39
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$19.73
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 32 min ago; Orderly: 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, 32 min ago | 1.25 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 exchanges
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 −0.4075% / S +0.0184% | 1h | 0.4401 | +0.022% | $5K | — | 100x | as long as short |
| Bybit TIAUSDT | −0.0268% | 4h | 0.4411 | +0.248% | $9.7M | $14.9M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0170% | 1h | 0.4403 | +0.062% | $369K | $221K | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0167% | 1h | 0.4401 | +0.020% | $51K | $223K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4401 | +0.020% | $33K | $22K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4401 | +0.018% | $1K | — | 150x | as long as short |
| dYdX TIA-USD | +0.0073% | 1h | 0.4414 | +0.318% | $52K | $139 | 10x | as long as short |
| Injective TIA/USDC PERP | +0.0079% | 1h | 0.4400 | −0.002% | $78K | $158K | 12x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4416 | +0.364% | $192K | $442K | 10x | as long as short |
| Orderly PERP_TIA_USDCshort | +0.0098% | 4h | 0.4399 | −0.025% | $7K | $193K | 10x |
GMX TIA/USD [ETH-USDC]
Bybit TIAUSDT
Kraken Futures PF_TIAUSD
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
dYdX TIA-USD
Injective TIA/USDC PERP
Lighter TIAShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIA | +0.0100% | 1h | 0.4422 | +0.491% | $4.8M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4410 | +0.230% | $32K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4414 | +0.322% | $14.2M | $50.1M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4413 | +0.293% | $2.7M | $7.0M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4412 | +0.270% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4416 | +0.361% | $10.5M | $14.7M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4415 | +0.339% | $4.3M | $10.4M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4412 | +0.270% | $4.5M | $4.3M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4413 | +0.293% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4400 | long leg | $102K | $177K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4394 | −0.148% | $102K | $99K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4400 | −0.002% | $59K | $77K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4411 | +0.246% | $56K | $210K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4399 | −0.023% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4412 | +0.274% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4397 | −0.070% | $1.6M | $755K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0408% | 1h | 0.4415 | +0.339% | $55K | $107K | 50x | as long as short |
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
OKX TIA-USDT-SWAP
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
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX