Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0225%/8h= +24.6% APRpaid last 24h +0.041%

Price spread now: Gate against Kraken Futures+0.029%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1111.109% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.406%−$41 on $10k

Price spread, last 3 days (all we have)−0.248%−$25 · spread now +0.029%, 7d avg −0.063%

Together, before fees−0.654%−$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.092% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.406%, 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	0.4374	−0.0163	get 0.0020% / 1h	44m 04s	$359K	$245K	50x
Short	Gate TIA_USDT	0.4375	0.0062	get 0.0031% / 4h	44m 04s	$990K	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $47.17
Price spread: +0.029% → −0.063%: $9.18
Slippage, 4 orders: −$85.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.52
Costs to cover: 1.109%
Break-even: 15.1 days

Slippage from Kraken Futures: live order book, 34 min ago; Gate: live order book, 3 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, 34 min ago	14.99 bp	24.6 bp −$25	54.1 bp −$541	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.29 bp	26.9 bp −$27	64.1 bp −$641	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	−0.0163%	1h	0.4374	long leg	$359K	$245K	50x
OKX TIA-USDT-SWAP	−0.0142%	4h	0.4371	−0.063%	$2.8M	$6.0M	50x	as long as short
KuCoin TIAUSDTM	−0.0018%	4h	0.4373	−0.017%	$4.2M	$8.6M	50x	as long as short
ApeX Omni TIAUSDT	−0.0006%	1h	0.4370	−0.086%	$49K	$234K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4375	+0.029%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4377	+0.080%	$1K	—	150x	as long as short
Gate TIA_USDTshort	+0.0062%	4h	0.4375	+0.029%	$990K	$1.8M	75x
Lighter TIA	+0.0096%	1h	0.4380	+0.150%	$140K	$362K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4374	+0.006%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4379	+0.122%	$4.3M	$1.5M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4376	+0.045%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4374	+0.010%	$14.5M	$42.4M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4371	−0.063%	$9.6M	$13.2M	50x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4374	+0.006%	$13.6M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4373	−0.017%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4374	+0.006%	—	$99.1M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4375	+0.036%	$101K	$151K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4373	−0.018%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4375	+0.029%	$65K	$42K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4371	−0.052%	$56K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4374	+0.006%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4372	−0.040%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0208%	1h	0.4389	+0.349%	$51K	$77K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4380	+0.143%	$27K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4373	−0.017%	$1.1M	$569K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0459% / S −0.3505%	1h	0.4376	+0.050%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0571%	1h	0.4373	−0.007%	$52K	$59	10x	as long as short