Funding you earn now, next payment 05:00 UTC+0.0233%/8h= +25.5% APRpaid last 24h −0.055%
Price spread now: Kraken Futures against Bybit+0.021%7-day average +0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$920.921% of the position
Funding, last 7 days+0.315%+$32 on $10k
+Price spread, last 4 days (all we have)+0.244%+$24 · spread now +0.021%, 7d avg +0.100%
=Funding pays, the price is against you. Kraken Futures is 0.080% cheaper against Bybit than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.100%). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TIAUSDT | 0.4346 | 0.0100 | pay 0.0050% / 4h | 3h 06m | $9.7M | $13.6M | 50x |
| Short | Kraken Futures PF_TIAUSD | 0.4347 | 0.0333 | get 0.0042% / 1h | 6m 03s | $345K | $205K | 50x |
Bybit TIAUSDT
Kraken Futures PF_TIAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $48.86
- Price spread: +0.021% → +0.100%
- −$7.99
- Slippage, 4 orders
- −$71.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$51.18
- Costs to cover
- 0.921%
- Break-even
- 14.3 days
Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 47 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 Bybit live order book, 2 min ago | 1.15 bp | 13.9 bp −$14 | 32.6 bp −$326 | 228.8 bp −$22.9K | doesn't fit |
| Sell Kraken Futures live order book, 47 min ago | 24.71 bp | 33.9 bp −$34 | 75.4 bp −$754 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TIAUSDT | −0.0017% | 1h | 0.4355 | +0.207% | $50K | $230K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4347 | +0.023% | $30K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4349 | +0.069% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4352 | +0.133% | $154K | $422K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4348 | +0.046% | $5K | $256K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4351 | +0.110% | $4.6M | $1.4M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4349 | +0.058% | $33K | $242K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4347 | +0.023% | $13.8M | $43.9M | 75x | as long as short |
| Bybit TIAUSDTlong | +0.0100% | 4h | 0.4346 | long leg | $9.7M | $13.6M | 50x | |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4344 | −0.046% | $2.7M | $6.3M | 50x | as long as short |
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
OKX TIA-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TIA_USDT | +0.0100% | 4h | 0.4348 | +0.046% | $988K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4346 | 0.000% | $11.1M | $6.5M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4346 | 0.000% | $4.2M | $9.3M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4346 | 0.000% | $4.4M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4346 | 0.000% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4348 | +0.044% | $101K | $170K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4344 | −0.041% | $101K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4351 | +0.115% | $58K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4344 | −0.054% | $55K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4345 | −0.012% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4347 | +0.018% | $6K | — | 15x | as long as short |
| Injective TIA/USDC PERP | +0.0271% | 1h | 0.4356 | +0.230% | $25K | $11K | 12x | as long as short |
| Kraken Futures PF_TIAUSDshort | +0.0333% | 1h | 0.4347 | +0.021% | $345K | $205K | 50x | |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4348 | +0.046% | $1.7M | $713K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0359% / S −0.0613% | 1h | 0.4348 | +0.056% | $23K | — | 100x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4359 | +0.299% | $47K | $84K | 50x | as long as short |
| dYdX TIA-USD | +0.0425% | 1h | 0.4350 | +0.097% | $52K | $139 | 10x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
Coinbase International TIA-PERP-INTX
dYdX TIA-USD