Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.034%
Price spread now: Backpack against Binance+0.023%7-day average −0.024% · 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−$47as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.023%, 7d avg −0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.047% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TIAUSDT | 0.4314 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $14.1M | $40.9M | 75x |
| Short | Backpack TIA_USDC_PERP | 0.4315 | 0.0100 | get 0.0013% / 1h | 9m 31s | $100K | $151K | 10x |
Binance TIAUSDT
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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: +0.023% → −0.024%
- $4.69
- Slippage, 4 orders
- −$31.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$47.21
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Backpack: live order book, 14 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 Binance live order book, 2 min ago | 1.16 bp | 11.2 bp −$11 | 28.9 bp −$289 | 128.2 bp −$12.8K | doesn't fit |
| Sell Backpack live order book, 14 min ago | 1.61 bp | 16.5 bp −$16 | doesn't fit | 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 | −0.0390% | 1h | 0.4315 | +0.035% | $355K | $239K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | −0.0213% | 1h | 0.4316 | +0.046% | $30K | $27K | 25x | as long as short |
| Gate TIA_USDT | −0.0064% | 4h | 0.4311 | −0.070% | $994K | $1.8M | 75x | as long as short |
| KuCoin TIAUSDTM | −0.0040% | 4h | 0.4310 | −0.093% | $4.1M | $8.5M | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0026% | 4h | 0.4310 | −0.093% | $2.7M | $5.8M | 50x | as long as short |
| Bybit TIAUSDT | −0.0016% | 4h | 0.4312 | −0.046% | $9.4M | $13.0M | 50x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4318 | +0.082% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0018% | 1h | 0.4315 | +0.023% | $49K | $236K | 50x | as long as short |
| Variational Omni TIA | +0.0068% | 4h | 0.4308 | −0.130% | $101K | $85K | — | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4317 | +0.070% | $127K | $353K | 10x | as long as short |
Kraken Futures PF_TIAUSD
Deribit TIA_USDC-PERPETUAL
Gate TIA_USDT
KuCoin TIAUSDTM
OKX TIA-USDT-SWAP
Bybit TIAUSDT
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Variational Omni TIA
Lighter TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4314 | 0.000% | $5K | $360K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4319 | +0.104% | $4.2M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4316 | +0.042% | $34K | $272K | 10x | as long as short |
| Binance TIAUSDTlong | +0.0100% | 4h | 0.4314 | long leg | $14.1M | $40.9M | 75x | |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4313 | −0.023% | $9.1M | $5.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4310 | −0.093% | $4.4M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4311 | −0.070% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4315 | +0.023% | $100K | $151K | 10x | |
| HTX TIA-USDT | +0.0100% | 4h | 0.4322 | +0.185% | $64K | $38K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4310 | −0.101% | $58K | $165K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4315 | +0.023% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0178% | 1h | 0.4311 | −0.069% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0200% | 1h | 0.4345 | +0.719% | $48K | $72K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4331 | +0.394% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4313 | −0.023% | $525K | $540K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0456% / S −0.3505% | 1h | 0.4316 | +0.042% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0793% | 1h | 0.4316 | +0.038% | $51K | $59 | 10x | as long as short |
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
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