Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.054%
Price spread now: Binance against Kraken Futures−0.133%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$780.775% of the position
Funding, last 7 days−0.328%−$33 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.133%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.098% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TIAUSD | 0.4365 | 0.0192 | pay 0.0024% / 1h | 46m 58s | $346K | $206K | 50x |
| Short | Binance TIAUSDT | 0.4359 | 0.0100 | get 0.0050% / 4h | 2h 46m | $13.7M | $44.0M | 75x |
Kraken Futures PF_TIAUSD
Binance TIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$19.3
- Price spread: −0.133% → −0.035%
- −$9.76
- Slippage, 4 orders
- −$57.51
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$106.58
- Costs to cover
- 0.775%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Binance: live order book, 10 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 Kraken Futures live order book, 1 min ago | 19.47 bp | 26.6 bp −$27 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.14 bp | 11.3 bp −$11 | 37.7 bp −$377 | 129.0 bp −$12.9K | 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 | −0.0208% | 1h | 0.4361 | −0.082% | $30K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4363 | −0.040% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0093% | 1h | 0.4371 | +0.147% | $50K | $228K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4366 | +0.044% | $155K | $422K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4360 | −0.105% | $6K | $266K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4366 | +0.039% | $4.7M | $1.4M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4362 | −0.065% | $33K | $244K | 10x | as long as short |
| Binance TIAUSDTshort | +0.0100% | 4h | 0.4359 | −0.133% | $13.7M | $44.0M | 75x | |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4358 | −0.151% | $9.8M | $13.8M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4354 | −0.243% | $2.7M | $6.3M | 50x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster 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 | 0.4363 | −0.037% | $983K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4360 | −0.105% | $10.7M | $6.4M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4360 | −0.105% | $4.2M | $9.4M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4361 | −0.082% | $4.4M | $3.7M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4360 | −0.105% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4361 | −0.078% | $102K | $173K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4372 | +0.164% | $102K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4364 | −0.014% | $58K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4358 | −0.144% | $55K | $212K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4360 | −0.112% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4360 | −0.114% | $6K | — | 15x | as long as short |
| Kraken Futures PF_TIAUSDlong | +0.0192% | 1h | 0.4365 | long leg | $346K | $206K | 50x | |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4368 | +0.078% | $25K | $11K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4363 | −0.037% | $1.7M | $703K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0360% / S −0.0613% | 1h | 0.4362 | −0.061% | $23K | — | 100x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4378 | +0.307% | $47K | $84K | 50x | as long as short |
| dYdX TIA-USD | +0.0465% | 1h | 0.4366 | +0.038% | $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