Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.079%

Price spread now: Kraken Futures against Binance+0.044%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.325%+$32 on $10k

Price spread, last 3 days (all we have)+0.228%+$23 · spread now +0.044%, 7d avg +0.039%

Together, before fees+0.553%+$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.325%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TIAUSDT	0.4331	0.0100	pay 0.0050% / 4h	1h 24m	$14.6M	$41.9M	75x
Short	Kraken Futures PF_TIAUSD	0.4333	−0.0228	pay 0.0029% / 1h	24m 01s	$354K	$242K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$68.93
Price spread: +0.044% → +0.039%: $0.5
Slippage, 4 orders: −$43.33
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$131.76
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Kraken Futures: live order book, 59 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, 3 min ago	1.15 bp	10.3 bp −$10	21.4 bp −$214	95.9 bp −$9,589	doesn't fit
Sell Kraken Futures live order book, 59 min ago	14.97 bp	20.2 bp −$20	74.3 bp −$743	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_TIAUSDshort	−0.0228%	1h	0.4333	+0.044%	$354K	$242K	50x
OKX TIA-USDT-SWAP	−0.0101%	4h	0.4326	−0.120%	$2.7M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0034%	4h	0.4329	−0.051%	$4.2M	$8.6M	50x	as long as short
Gate TIA_USDT	−0.0028%	4h	0.4330	−0.028%	$995K	$1.8M	75x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4333	+0.041%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4333	+0.045%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0062%	1h	0.4330	−0.028%	$49K	$236K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4336	+0.113%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4332	+0.018%	$5K	$362K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4338	+0.157%	$4.2M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4330	−0.025%	$35K	$267K	10x	as long as short
Binance TIAUSDTlong	+0.0100%	4h	0.4331	long leg	$14.6M	$41.9M	75x
Bybit TIAUSDT	+0.0100%	4h	0.4330	−0.028%	$9.5M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4331	−0.005%	$14.1M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4331	−0.005%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4330	−0.028%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4332	+0.023%	$100K	$149K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4327	−0.098%	$101K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4334	+0.064%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4327	−0.088%	$57K	$168K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4331	0.000%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4333	+0.041%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4328	−0.074%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4339	+0.180%	$47K	$74K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4324	−0.166%	$1.1M	$555K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4334	+0.061%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0717%	1h	0.4335	+0.088%	$51K	$59	10x	as long as short