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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%
Price spread now: Extended against Backpack−0.114%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.418% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.381%+$38 · spread now −0.114%, 7d avg −0.066%
Together, before fees+0.383%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.048% cheaper against Backpack than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.066%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TIA_USDC_PERP0.44740.0100pay 0.0013% / 1h48m 55s$103K$175K10x
ShortExtended TIA-USD0.44690.0104get 0.0013% / 1h48m 55s$57K$211K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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
$0.84
Price spread: −0.114% → −0.066%
−$4.8
Slippage, 4 orders
−$26.76
Fee Backpack: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$45.72
Costs to cover
0.418%
Break-even
388.0 days
Slippage from Backpack: live order book, 49 min ago; Extended: live order book, 47 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 Backpack live order book, 49 min ago1.25 bp12.9 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 47 min ago3.39 bp6.6 bp −$7doesn't fitdoesn'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
GMX TIA/USD [ETH-USDC]L −0.1964% / S +0.0113%1h0.4486+0.276%$6K100xas long as short
Kraken Futures PF_TIAUSD−0.0112%1h0.4485+0.237%$354K$224K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4487+0.291%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4487+0.290%$1K150xas long as short
OKX TIA-USDT-SWAP+0.0034%4h0.4471−0.067%$2.8M$6.9M50xas long as short
Injective TIA/USDC PERP+0.0048%1h0.4496+0.492%$24K$12K12xas long as short
dYdX TIA-USD+0.0065%1h0.4487+0.296%$53K$13910xas long as short
Lighter TIA+0.0096%1h0.4489+0.340%$194K$468K10xas long as short
Orderly PERP_TIA_USDC+0.0099%4h0.4486+0.268%$7K$225K10xas long as short
Hyperliquid TIA+0.0100%1h0.4479+0.116%$4.9M$1.5M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4475+0.030%$33K$249K10xas long as short
Binance TIAUSDT+0.0100%4h0.4477+0.060%$14.3M$48.9M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4476+0.045%$10.2M$14.5M50xas long as short
Gate TIA_USDT+0.0100%4h0.4475+0.022%$1.0M$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.44740.000%$11.9M$14.3M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4472−0.045%$4.3M$10.1M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4470−0.089%$4.4M$4.1M75xas long as short
BingX TIA-USDT+0.0100%4h0.4473−0.022%$13.6Mas long as short
Backpack TIA_USDC_PERPlong+0.0100%1h0.4474long leg$103K$175K10x
Variational Omni TIA+0.0100%4h0.4491+0.375%$137K$79Kas long as short
ApeX Omni TIAUSDT+0.0100%1h0.4475+0.022%$51K$224K50xas long as short
HTX TIA-USDT+0.0100%4h0.4487+0.291%$60K$76K50xas long as short
Extended TIA-USDshort+0.0104%1h0.4469−0.114%$57K$211K25x
Aevo TIA-PERP+0.0104%1h0.4486+0.263%$7K3xas long as short
Reya TIARUSDPERP+0.0182%1h0.4483+0.192%$6K15xas long as short
BloFin TIA-USDT+0.0340%4h0.4476+0.045%$1.7M$783K75xas long as short
Coinbase International TIA-PERP-INTX+0.0416%1h0.4497+0.514%$52K$105K50xas long as short