TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0087%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h −0.053%

Price spread now: Kraken Futures against Extended−0.166%7-day average +0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

Price spread, last 4 days (all we have)+0.440%+$44 · spread now −0.166%, 7d avg +0.128%

Together, before fees+0.789%+ Points / potential airdropExtended: Active · farm board+$79 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.294% cheaper against Extended than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of +0.128%). If the spread goes back, that is −$29 on $10k: about 11 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TIA-USD	0.4382	0.0104	pay 0.0013% / 1h	10m 37s	$55K	$212K	25x
Short	Kraken Futures PF_TIAUSD	0.4375	0.0191	get 0.0024% / 1h	10m 37s	$347K	$204K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now −0.166%Rate

Funding earned: $18.37
Price spread: −0.166% → +0.128%: −$29.41
Slippage, 4 orders: −$54.68
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$80.72
Costs to cover: 0.697%
Break-even: 37.8 days

Slippage from Extended: live order book, 36 min ago; Kraken Futures: live order book, 37 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 Extended live order book, 36 min ago	4.59 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 37 min ago	19.47 bp	27.4 bp −$27	77.8 bp −$778	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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4376	−0.132%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4376	−0.137%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0062%	1h	0.4357	−0.566%	$50K	$227K	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4386	+0.107%	$151K	$431K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4373	−0.201%	$7K	$265K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4386	+0.096%	$4.7M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4383	+0.035%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4386	+0.104%	$13.7M	$47.3M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4386	+0.096%	$9.8M	$14.0M	50x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4379	−0.064%	$2.8M	$6.5M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TIA_USDT	+0.0100%	4h	0.4384	+0.050%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4384	+0.050%	$13.4M	$14.2M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4379	−0.064%	$4.2M	$9.6M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4382	+0.005%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4383	+0.028%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4370	−0.281%	$101K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4372	−0.230%	$102K	$51K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4366	−0.360%	$58K	$73K	50x	as long as short
Extended TIA-USDlong	+0.0104%	1h	0.4382	long leg	$55K	$212K	25x
Aevo TIA-PERP	+0.0104%	1h	0.4375	−0.150%	$7K	—	3x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0171% / S +0.0051%	1h	0.4374	−0.185%	$6K	—	100x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4370	−0.273%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSDshort	+0.0191%	1h	0.4375	−0.166%	$347K	$204K	50x
Injective TIA/USDC PERP	+0.0237%	1h	0.4357	−0.566%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4360	−0.497%	$1.6M	$703K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4369	−0.292%	$47K	$86K	50x	as long as short
dYdX TIA-USD	+0.0419%	1h	0.4384	+0.053%	$52K	$139	10x	as long as short