Settings8H · net · $10k
Funding arb · Price arb /

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Kraken Futures+0.027%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1101.101% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.336%−$34 on $10k
Price spread, last 4 days (all we have)−0.324%−$32 · spread now +0.027%, 7d avg −0.062%
Together, before fees−0.660%−$66 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.089% 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 −0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.336%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TIAUSD0.4344−0.0086get 0.0011% / 1h49m 16s$352K$253K50x
ShortKuCoin TIAUSDTM0.43450.0100get 0.0050% / 4h49m 16s$4.1M$10.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$39.06
Price spread: +0.027% → −0.062%
$8.86
Slippage, 4 orders
−$88.1
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$62.18
Costs to cover
1.101%
Break-even
18.1 days
Slippage from Kraken Futures: live order book, 56 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 56 min ago10.31 bp19.5 bp −$1954.7 bp −$547doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago2.30 bp25.9 bp −$2661.2 bp −$612doesn't fitdoesn't fit

TIA on 27 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX TIA/USD [ETH-USDC]L −0.6754% / S +0.0274%1h0.4343−0.013%$5K100xas long as short
Injective TIA/USDC PERP−0.0224%1h0.4361+0.395%$83K$165K12xas long as short
ApeX Omni TIAUSDT−0.0146%1h0.4350+0.142%$50K$221K50xas long as short
Kraken Futures PF_TIAUSDlong−0.0086%1h0.4344long leg$352K$253K50x
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4340−0.088%$32K$20K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4341−0.073%$1K150xas long as short
Bybit TIAUSDT+0.0014%4h0.4346+0.050%$9.6M$14.9M50xas long as short
Variational Omni TIA+0.0083%4h0.4346+0.058%$81K$116Kas long as short
Lighter TIA+0.0096%1h0.4349+0.119%$158K$480K10xas long as short
Orderly PERP_TIA_USDC+0.0097%4h0.4338−0.134%$6K$165K10xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIA+0.0100%1h0.4357+0.301%$4.6M$1.7M5xas long as short
Aster TIAUSDT+0.0100%4h0.4343−0.030%$24K$275K10xas long as short
Binance TIAUSDT+0.0100%4h0.4346+0.050%$13.9M$52.2M75xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4336−0.180%$2.7M$6.8M50xas long as short
Gate TIA_USDT+0.0100%4h0.4344+0.004%$978K$1.7M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4351+0.165%$10.2M$18.5M300xas long as short
KuCoin TIAUSDTMshort+0.0100%4h0.4345+0.027%$4.1M$10.8M50x
Bitget TIAUSDT+0.0100%4h0.4338−0.134%$4.3M$4.4M75xas long as short
BingX TIA-USDC+0.0100%4h0.4337−0.157%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4351+0.167%$100K$183K10xas long as short
HTX TIA-USDT+0.0100%4h0.4348+0.096%$58K$79K50xas long as short
Extended TIA-USD+0.0104%1h0.4338−0.145%$55K$209K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4341−0.076%$7K3xas long as short
Reya TIARUSDPERP+0.0183%1h0.4346+0.059%$6K15xas long as short
BloFin TIA-USDT+0.0340%4h0.4353+0.211%$536K$831K75xas long as short
Coinbase International TIA-PERP-INTX+0.0368%1h0.4366+0.510%$52K$109K50xas long as short
dYdX TIA-USD+0.0391%1h0.4349+0.119%$52K$13910xas long as short