Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%
Price spread now: Backpack against Hyperliquid−0.101%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.101%, 7d avg −0.097%
=Together, before fees−0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TIA | 0.4357 | 0.0100 | pay 0.0013% / 1h | 18m 26s | $4.6M | $1.5M | 5x |
| Short | Backpack TIA_USDC_PERP | 0.4352 | 0.0100 | get 0.0013% / 1h | 18m 26s | $101K | $174K | 10x |
Hyperliquid TIA
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hyperliquid. 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
- $0
- Price spread: −0.101% → −0.097%
- −$0.37
- Slippage, 4 orders
- −$37.27
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$56.64
- Costs to cover
- 0.563%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Backpack: live order book, 30 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 Hyperliquid live order book, 3 min ago | 0.58 bp | 16.8 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 30 min ago | 1.37 bp | 14.0 bp −$14 | doesn't fit | 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 | 0.4351 | −0.133% | $30K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4353 | −0.086% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0028% | 1h | 0.4309 | −1.097% | $49K | $227K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4354 | −0.076% | $151K | $428K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4353 | −0.087% | $6K | $268K | 10x | as long as short |
| Hyperliquid TIAlong | +0.0100% | 1h | 0.4357 | long leg | $4.6M | $1.5M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4353 | −0.080% | $33K | $247K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4353 | −0.091% | $13.6M | $44.3M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4351 | −0.133% | $9.7M | $13.8M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4350 | −0.156% | $2.7M | $6.4M | 50x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Lighter TIA
Orderly PERP_TIA_USDC
Aster TIAUSDT
Binance TIAUSDT
Bybit 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 | 0.4353 | −0.087% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4352 | −0.110% | $9.9M | $6.7M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4348 | −0.202% | $4.2M | $9.5M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4351 | −0.133% | $4.4M | $3.7M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4352 | −0.110% | — | $103.1M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4352 | −0.101% | $101K | $174K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4321 | −0.828% | $101K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4352 | −0.110% | $58K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4346 | −0.239% | $55K | $212K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4338 | −0.441% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4352 | −0.119% | $6K | — | 15x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0183% / S +0.0051% | 1h | 0.4354 | −0.076% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0193% | 1h | 0.4348 | −0.195% | $345K | $205K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4332 | −0.569% | $25K | $11K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4349 | −0.179% | $1.6M | $701K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4350 | −0.156% | $47K | $84K | 50x | as long as short |
| dYdX TIA-USD | +0.0427% | 1h | 0.4349 | −0.173% | $52K | $139 | 10x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
GMX TIA/USD [ETH-USDC]
Kraken Futures PF_TIAUSD
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
dYdX TIA-USD