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

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0494%/8h= −54.1% APRnext payment $0.62 per $10,000 · paid last 24h −0.082%
Price spread now: Kraken Futures against Aevo−0.036%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.036% cheaper against Aevo than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo TIA-PERP0.43580.0104pay 0.0013% / 1h30m 33s$7K3x
ShortKraken Futures PF_TIAUSD0.4356−0.0390pay 0.0049% / 1h30m 33s$364K$233K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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
−$103.7
Price spread: −0.036% → 0.000%
−$3.55
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$133.25
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 17 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Kraken Futures live order book, 17 min ago8.14 bp23.8 bp −$2472.9 bp −$729doesn't fitdoesn't fit
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_TIAUSDshort−0.0390%1h0.4356−0.036%$364K$233K50x
Backpack TIA_USDC_PERP−0.0200%1h0.4356−0.035%$100K$158K10xas long as short
Gate TIA_USDT−0.0122%4h0.4354−0.083%$987K$1.8M75xas long as short
ApeX Omni TIAUSDT−0.0064%1h0.4338−0.450%$49K$235K50xas long as short
KuCoin TIAUSDTM0.0000%4h0.4352−0.129%$4.2M$8.8M50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4357−0.014%$36K$22K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4356−0.037%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0056%4h0.4351−0.152%$2.7M$5.8M50xas long as short
Lighter TIA+0.0096%1h0.4360+0.048%$123K$351K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4353−0.106%$5K$357K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid TIA+0.0100%1h0.4358+0.018%$4.3M$1.5M5xas long as short
Aster TIAUSDT+0.0100%4h0.4355−0.063%$30K$267K10xas long as short
Binance TIAUSDT+0.0100%4h0.4356−0.033%$14.3M$41.1M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4356−0.037%$9.5M$12.8M50xas long as short
MEXC TIA_USDT+0.0100%4h0.4355−0.060%$9.3M$5.6M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4354−0.083%$4.5M$3.6M75xas long as short
BingX TIA-USDT+0.0100%4h0.4354−0.083%$100.8Mas long as short
Variational Omni TIA+0.0100%4h0.4350−0.165%$97K$82Kas long as short
HTX TIA-USDT+0.0100%4h0.4349−0.198%$74K$15K50xas long as short
Extended TIA-USD+0.0104%1h0.4354−0.085%$74K$154K25xas long as short
Aevo TIA-PERPlong+0.0104%1h0.4358long leg$7K3x
Injective TIA/USDC PERP+0.0144%1h0.4357−0.014%$27K$10K12xas long as short
Reya TIARUSDPERP+0.0178%1h0.4352−0.124%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0256%1h0.4359+0.032%$49K$71K50xas long as short
BloFin TIA-USDT+0.0340%4h0.4351−0.152%$969K$495K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0395% / S −0.2692%1h0.4355−0.067%$28K100xas long as short
dYdX TIA-USD+0.0574%1h0.4357−0.018%$52K$5910xas long as short