Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.050%

Price spread now: OKX against Kraken Futures−0.163%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.369%−$37 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.163%, 7d avg −0.100%

Together, before fees−0.376%−$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.063% cheaper against Kraken Futures than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.100%.

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	23m 37s	$361K	$225K	50x
Short	OKX TIA-USDT-SWAP	0.4388	−0.0156	pay 0.0078% / 4h	3h 23m	$2.8M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$0.86
Price spread: −0.163% → −0.100%: −$6.28
Slippage, 4 orders: −$60.87
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.01
Costs to cover: 0.809%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 49 min ago; OKX: live order book, 4 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, 49 min ago	13.76 bp	21.4 bp −$21	55.7 bp −$557	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.14 bp	15.5 bp −$15	48.2 bp −$482	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
OKX TIA-USDT-SWAPshort	−0.0156%	4h	0.4388	−0.163%	$2.8M	$5.9M	50x
Kraken Futures PF_TIAUSDlong	−0.0152%	1h	0.4395	long leg	$361K	$225K	50x
KuCoin TIAUSDTM	−0.0028%	4h	0.4388	−0.163%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4395	−0.004%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4398	+0.055%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4397	+0.035%	$140K	$359K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4395	−0.004%	$5K	$362K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4395	−0.002%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4392	−0.077%	$34K	$249K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4391	−0.095%	$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	0.4389	−0.140%	$9.6M	$12.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4392	−0.072%	$987K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4390	−0.118%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4389	−0.140%	$4.5M	$3.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4391	−0.095%	—	$98.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4392	−0.074%	$101K	$154K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4386	−0.214%	$102K	$84K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4381	−0.322%	$49K	$235K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4400	+0.110%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4389	−0.134%	$55K	$173K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4393	−0.060%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4385	−0.231%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4394	−0.035%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4405	+0.224%	$51K	$76K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4392	−0.072%	$1.2M	$580K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0461% / S −0.3505%	1h	0.4397	+0.039%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.1014%	1h	0.4393	−0.047%	$52K	$59	10x	as long as short