Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.078%

Price spread now: MEXC against Kraken Futures−0.157%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.157%, 7d avg −0.040%

Together, before fees−0.304%−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.117% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of −0.040%). If the spread goes back, that is −$12 on $10k: about 37 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.321%, 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	0.4395	−0.0152	get 0.0019% / 1h	21m 31s	$361K	$225K	50x
Short	MEXC TIA_USDT	0.4388	0.0100	get 0.0050% / 4h	3h 21m	$13.2M	$6.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.157%Rate

Funding earned: $52.95
Price spread: −0.157% → −0.040%: −$11.7
Slippage, 4 orders: −$49.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.81
Costs to cover: 0.591%
Break-even: 9.4 days

Slippage from Kraken Futures: live order book, 51 min ago; MEXC: live order book, 2 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, 51 min ago	13.76 bp	21.4 bp −$21	55.7 bp −$557	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.14 bp	4.7 bp −$5	14.8 bp −$148	74.4 bp −$7,441	134.7 bp −$67.4K

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
OKX TIA-USDT-SWAP	−0.0152%	4h	0.4384	−0.248%	$2.8M	$5.9M	50x	as long as short
Kraken Futures PF_TIAUSDlong	−0.0152%	1h	0.4395	long leg	$361K	$225K	50x
KuCoin TIAUSDTM	−0.0026%	4h	0.4388	−0.157%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4394	−0.020%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4395	+0.003%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4396	+0.021%	$140K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4395	+0.002%	$5K	$362K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4396	+0.030%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4391	−0.091%	$34K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4388	−0.157%	$14.6M	$41.0M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TIAUSDT	+0.0100%	4h	0.4384	−0.248%	$9.6M	$12.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4389	−0.134%	$987K	$1.8M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4388	−0.157%	$13.2M	$6.7M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4391	−0.089%	$4.5M	$3.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4386	−0.202%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4392	−0.054%	$101K	$154K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4386	−0.207%	$102K	$84K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4391	−0.089%	$49K	$236K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4397	+0.048%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4383	−0.259%	$55K	$173K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4393	−0.048%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4403	+0.184%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4385	−0.216%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4405	+0.230%	$51K	$76K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4393	−0.043%	$1.3M	$584K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0461% / S −0.3505%	1h	0.4395	+0.013%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0995%	1h	0.4389	−0.131%	$52K	$59	10x	as long as short