TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.046%

Price spread now: Reya against Backpack−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.043% cheaper against Backpack than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 43 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TIA_USDC_PERP	0.4420	0.0100	pay 0.0013% / 1h	15m 36s	$102K	$167K	10x
Short	Reya TIARUSDPERP	0.4419	0.0180	get 0.0023% / 1h	15m 36s	$6K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee ReyabpOrdersPrice spread, now −0.043%Rate

Funding earned: $16.88
Price spread: −0.043% → 0.000%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$3.43
Costs to cover: 0.160%
Break-even: 8.4 days

Slippage unknown: Backpack: live order book, 42 min ago; Reya: 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, 42 min ago	1.94 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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
ApeX Omni TIAUSDT	−0.0037%	1h	0.4423	+0.057%	$50K	$230K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4422	+0.034%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4422	+0.031%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0038%	4h	0.4418	−0.063%	$103K	$66K	—	as long as short
KuCoin TIAUSDTM	+0.0068%	4h	0.4420	−0.011%	$4.2M	$9.1M	50x	as long as short
Bybit TIAUSDT	+0.0083%	4h	0.4420	−0.011%	$9.8M	$13.6M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4427	+0.140%	$156K	$419K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4421	+0.011%	$5K	$270K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4426	+0.131%	$4.8M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4419	−0.030%	$33K	$248K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4424	+0.070%	$14.5M	$43.1M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4417	−0.079%	$2.8M	$6.3M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4423	+0.057%	$1.0M	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4421	+0.011%	$11.9M	$6.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4418	−0.057%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4418	−0.057%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERPlong	+0.0100%	1h	0.4420	long leg	$102K	$167K	10x
HTX TIA-USDT	+0.0100%	4h	0.4422	+0.034%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4418	−0.061%	$56K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4421	+0.002%	$7K	—	3x	as long as short
Kraken Futures PF_TIAUSD	+0.0164%	1h	0.4422	+0.034%	$361K	$194K	50x	as long as short
Reya TIARUSDPERPshort	+0.0180%	1h	0.4419	−0.043%	$6K	—	15x
Injective TIA/USDC PERP	+0.0237%	1h	0.4431	+0.238%	$26K	$10K	12x	as long as short
dYdX TIA-USD	+0.0312%	1h	0.4421	+0.016%	$53K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4416	−0.102%	$1.6M	$737K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0384%	1h	0.4452	+0.713%	$52K	$77K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0495% / S −0.1196%	1h	0.4421	+0.021%	$40K	—	100x	as long as short