Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.079%

Price spread now: Bitget against Kraken Futures−0.051%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$770.766% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.284%−$28 on $10k

Price spread, last 3 days (all we have)−0.321%−$32 · spread now −0.051%, 7d avg −0.132%

Together, before fees−0.604%−$60 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.081% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.132%. Mind the row above: over the last 7 days funding on this pair cost −0.284%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TIAUSD	0.4326	−0.0229	get 0.0029% / 1h	47m 19s	$354K	$242K	50x
Short	Bitget TIAUSDT	0.4324	0.0100	get 0.0050% / 4h	1h 47m	$4.5M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now −0.051%Rate

Funding earned: $69
Price spread: −0.051% → −0.132%: $8.1
Slippage, 4 orders: −$54.59
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $0.52
Costs to cover: 0.766%
Break-even: 6.9 days

Slippage from Kraken Futures: live order book, 35 min ago; Bitget: live order book, 1 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, 35 min ago	14.97 bp	22.7 bp −$23	65.9 bp −$659	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.16 bp	16.8 bp −$17	44.6 bp −$446	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
Kraken Futures PF_TIAUSDlong	−0.0229%	1h	0.4326	long leg	$354K	$242K	50x
KuCoin TIAUSDTM	−0.0032%	4h	0.4325	−0.027%	$4.2M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0018%	4h	0.4325	−0.027%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0015%	4h	0.4319	−0.166%	$2.7M	$5.9M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4324	−0.051%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4326	−0.004%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0054%	4h	0.4321	−0.120%	$9.5M	$13.2M	50x	as long as short
Variational Omni TIA	+0.0087%	4h	0.4307	−0.452%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4331	+0.114%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4324	−0.051%	$5K	$361K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4331	+0.102%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4329	+0.058%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4324	−0.061%	$14.1M	$41.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4325	−0.027%	$14.1M	$6.7M	300x	as long as short
Bitget TIAUSDTshort	+0.0100%	4h	0.4324	−0.051%	$4.5M	$3.5M	75x
BingX TIA-USDC	+0.0100%	4h	0.4323	−0.074%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4324	−0.057%	$100K	$150K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4314	−0.282%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4324	−0.051%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4319	−0.158%	$57K	$171K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4323	−0.063%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4330	+0.088%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4322	−0.091%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4330	+0.088%	$47K	$74K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4317	−0.212%	$1.0M	$541K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4325	−0.031%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0662%	1h	0.4329	+0.055%	$51K	$59	10x	as long as short