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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.019%
Price spread now: Kraken Futures against KuCoin+0.077%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.334%+$33 on $10k
Price spread, last 4 days (all we have)+0.271%+$27 · spread now +0.077%, 7d avg +0.070%
Together, before fees+0.606%+$61 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TIAUSDTM0.44250.0092pay 0.0046% / 4h8m 06s$4.3M$9.2M50x
ShortKraken Futures PF_TIAUSD0.44280.0164get 0.0020% / 1h8m 06s$362K$194K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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
$15.1
Price spread: +0.077% → +0.070%
$0.73
Slippage, 4 orders
−$93.36
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$99.53
Costs to cover
1.154%
Break-even
53.1 days
Slippage from KuCoin: live order book, 10 min ago; Kraken Futures: live order book, 50 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 KuCoin live order book, 10 min ago2.26 bp23.7 bp −$2482.4 bp −$824doesn't fitdoesn't fit
Sell Kraken Futures live order book, 50 min ago23.93 bp32.2 bp −$3275.0 bp −$750doesn't fitdoesn't fit

TIA on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni TIAUSDT−0.0056%1h0.4436+0.249%$50K$230K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4428+0.068%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4426+0.018%$1K150xas long as short
Variational Omni TIA+0.0067%4h0.4434+0.207%$103K$66Kas long as short
KuCoin TIAUSDTMlong+0.0092%4h0.4425long leg$4.3M$9.2M50x
Lighter TIA+0.0096%1h0.4432+0.167%$156K$420K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4426+0.023%$5K$257K10xas long as short
Hyperliquid TIA+0.0100%1h0.4430+0.124%$4.7M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4428+0.061%$33K$248K10xas long as short
Binance TIAUSDT+0.0100%4h0.4425−0.005%$14.5M$43.1M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit TIAUSDT+0.0100%4h0.4421−0.090%$9.8M$13.6M50xas long as short
OKX TIA-USDT-SWAP+0.0100%4h0.4420−0.113%$2.8M$6.3M50xas long as short
Gate TIA_USDT+0.0100%4h0.4429+0.090%$1.0M$1.8M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4427+0.045%$11.9M$6.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4424−0.023%$4.5M$3.5M75xas long as short
BingX TIA-USDT+0.0100%4h0.44250.000%$101.7Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4427+0.036%$102K$166K10xas long as short
HTX TIA-USDT+0.0100%4h0.4433+0.181%$59K$74K50xas long as short
Extended TIA-USD+0.0104%1h0.4423−0.045%$56K$211K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4426+0.016%$7K3xas long as short
Kraken Futures PF_TIAUSDshort+0.0164%1h0.4428+0.077%$362K$194K50x
Reya TIARUSDPERP+0.0180%1h0.4422−0.077%$6K15xas long as short
Injective TIA/USDC PERP+0.0237%1h0.4433+0.181%$26K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4424−0.023%$1.6M$737K75xas long as short
Coinbase International TIA-PERP-INTX+0.0384%1h0.4449+0.542%$52K$77K50xas long as short
dYdX TIA-USD+0.0389%1h0.4427+0.050%$53K$13910xas long as short
GMX TIA/USD [ETH-USDC]L +0.0496% / S −0.1196%1h0.4426+0.025%$41K100xas long as short