Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0103%/8h= −11.2% APRpaid last 24h −0.076%

Price spread now: Kraken Futures against Bitget−0.010%48s7-day average +0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$770.767% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.010%, 7d avg +0.129%

Together, before fees+0.536%+$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.139% cheaper against Bitget than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.129%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.278%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TIAUSDT	0.4402	0.0100	pay 0.0050% / 4h	2h 19m	$4.5M	$3.5M	75x
Short	Kraken Futures PF_TIAUSD	0.4402	−0.0003	pay 0.0000% / 1h	19m 28s	$360K	$214K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$21.54
Price spread: −0.010% → +0.129%: −$13.92
Slippage, 4 orders: −$54.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$112.17
Costs to cover: 0.767%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 48 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 Bitget live order book, 4 min ago	1.13 bp	13.3 bp −$13	27.7 bp −$277	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 48 min ago	12.48 bp	22.0 bp −$22	75.5 bp −$755	doesn't fit	doesn't fit

TIA on 26 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	−0.0082%	1h	0.4402	0.000%	$50K	$232K	50x	as long as short
OKX TIA-USDT-SWAP	−0.0066%	4h	0.4400	−0.045%	$2.8M	$6.1M	50x	as long as short
Kraken Futures PF_TIAUSDshort	−0.0003%	1h	0.4402	−0.010%	$360K	$214K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4400	−0.045%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4402	−0.002%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0008%	4h	0.4400	−0.045%	$4.2M	$8.9M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4411	+0.198%	$156K	$407K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4399	−0.068%	$5K	$318K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4408	+0.139%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4403	+0.020%	$32K	$245K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4401	−0.023%	$14.4M	$42.6M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4398	−0.091%	$9.6M	$13.1M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4403	+0.023%	$990K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4402	0.000%	$12.4M	$6.8M	300x	as long as short
Bitget TIAUSDTlong	+0.0100%	4h	0.4402	long leg	$4.5M	$3.5M	75x
BingX TIA-USDC	+0.0100%	4h	0.4401	−0.023%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4399	−0.066%	$102K	$160K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4401	−0.030%	$103K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4401	−0.023%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4399	−0.061%	$42K	$198K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4399	−0.080%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4400	−0.039%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0201%	1h	0.4402	+0.005%	$52K	$199	10x	as long as short
Injective TIA/USDC PERP	+0.0266%	1h	0.4411	+0.204%	$27K	$10K	12x	as long as short
Coinbase International TIA-PERP-INTX	+0.0304%	1h	0.4417	+0.341%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0464% / S −0.3505%	1h	0.4399	−0.063%	$36K	—	100x	as long as short