Funding you earn now, next payment 22:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h +0.021%
Price spread now: Backpack against Coinbase International−0.108%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.537%+$54 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 0.108% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.537%, 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 | Coinbase International TIA-PERP-INTX | 0.4344 | 0.0216 | pay 0.0027% / 1h | 18m 52s | $47K | $74K | 50x |
| Short | Backpack TIA_USDC_PERP | 0.4339 | 0.0100 | get 0.0013% / 1h | 18m 52s | $100K | $150K | 10x |
Coinbase International TIA-PERP-INTX
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- −$24.36
- Price spread: −0.108% → 0.000%
- −$10.82
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$55.18
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Backpack: live order book, 64 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 64 min ago | 1.61 bp | 16.5 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TIAUSD | −0.0228% | 1h | 0.4339 | −0.118% | $355K | $242K | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0115% | 4h | 0.4332 | −0.276% | $2.7M | $5.9M | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0030% | 4h | 0.4336 | −0.184% | $4.2M | $8.6M | 50x | as long as short |
| Gate TIA_USDT | −0.0020% | 4h | 0.4336 | −0.184% | $996K | $1.8M | 75x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4340 | −0.092% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4343 | −0.019% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0008% | 1h | 0.4337 | −0.161% | $49K | $236K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4342 | −0.039% | $128K | $351K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0097% | 4h | 0.4340 | −0.092% | $5K | $362K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4342 | −0.041% | $4.2M | $1.5M | 5x | as long as short |
Kraken Futures PF_TIAUSD
OKX TIA-USDT-SWAP
KuCoin TIAUSDTM
Gate TIA_USDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4338 | −0.136% | $35K | $267K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4336 | −0.195% | $14.6M | $42.1M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4334 | −0.230% | $9.5M | $13.2M | 50x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4337 | −0.161% | $14.1M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4339 | −0.115% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4336 | −0.184% | — | $99.0M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4339 | −0.108% | $100K | $150K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4337 | −0.151% | $101K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4338 | −0.138% | $65K | $42K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4333 | −0.244% | $57K | $168K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4338 | −0.141% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0106% | 1h | 0.4333 | −0.253% | $26K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4338 | −0.138% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTXlong | +0.0216% | 1h | 0.4344 | long leg | $47K | $74K | 50x | |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4339 | −0.115% | $1.1M | $557K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0457% / S −0.3505% | 1h | 0.4343 | −0.027% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0704% | 1h | 0.4343 | −0.013% | $52K | $59 | 10x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD