Funding you earn now, next payment 06:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.006%
Price spread now: ApeX Omni against Backpack−0.058%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$610.612% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.058%, 7d avg +0.023%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.081% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4313 | 0.0100 | pay 0.0013% / 1h | 31m 20s | $100K | $174K | 10x |
| Short | ApeX Omni TIAUSDT | 0.4310 | −0.0021 | pay 0.0003% / 1h | 31m 20s | $49K | $227K | 50x |
Backpack TIA_USDC_PERP
ApeX Omni TIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.35
- Price spread: −0.058% → +0.023%
- −$8.08
- Slippage, 4 orders
- −$41.22
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$94.65
- Costs to cover
- 0.612%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 17 min ago; ApeX Omni: live order book, 15 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 Backpack live order book, 17 min ago | 1.37 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 15 min ago | 8.04 bp | 15.9 bp −$16 | 121.5 bp −$1,215 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit TIA_USDC-PERPETUAL | −0.0214% | 1h | 0.4310 | −0.058% | $30K | $25K | 25x | as long as short |
| ApeX Omni TIAUSDTshort | −0.0021% | 1h | 0.4310 | −0.058% | $49K | $227K | 50x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4312 | −0.012% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4317 | +0.095% | $154K | $423K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4310 | −0.058% | $6K | $271K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4316 | +0.072% | $4.6M | $1.4M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4314 | +0.037% | $33K | $243K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4309 | −0.084% | $13.5M | $44.1M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4308 | −0.104% | $9.6M | $13.8M | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4306 | −0.151% | $2.7M | $6.3M | 50x | as long as short |
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
OKX TIA-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TIA_USDT | +0.0100% | 4h | 0.4312 | −0.012% | $967K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4309 | −0.081% | $10.3M | $6.5M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4307 | −0.128% | $4.1M | $9.4M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4309 | −0.081% | $4.4M | $3.7M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4309 | −0.081% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4313 | long leg | $100K | $174K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4328 | +0.355% | $101K | $51K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4311 | −0.035% | $57K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4305 | −0.171% | $55K | $212K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4309 | −0.081% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0181% | 1h | 0.4308 | −0.112% | $6K | — | 15x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0194% | 1h | 0.4313 | +0.009% | $342K | $205K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0206% / S +0.0050% | 1h | 0.4311 | −0.026% | $6K | — | 100x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4317 | +0.104% | $25K | $11K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4313 | +0.012% | $1.6M | $695K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4378 | +1.519% | $47K | $84K | 50x | as long as short |
| dYdX TIA-USD | +0.0506% | 1h | 0.4311 | −0.027% | $51K | $139 | 10x | as long as short |
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Kraken Futures PF_TIAUSD
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
dYdX TIA-USD