Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.033%
Price spread now: Hyperliquid against Backpack+0.336%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.336%, 7d avg +0.086%
=Together, before fees−0.094%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 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: Hyperliquid is 0.250% dearer against Backpack than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4372 | 0.0100 | pay 0.0013% / 1h | 4m 25s | $101K | $153K | 10x |
| Short | Hyperliquid TIA | 0.4387 | 0.0100 | get 0.0013% / 1h | 4m 25s | $4.4M | $1.5M | 5x |
Backpack TIA_USDC_PERP
Hyperliquid TIAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $0
- Price spread: +0.336% → +0.086%
- $25.04
- Slippage, 4 orders
- −$28.27
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$22.23
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 9 min ago; Hyperliquid: live order book, 7 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, 9 min ago | 1.15 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.11 bp | 4.8 bp −$5 | 8.4 bp −$84 | 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-SWAP | −0.0212% | 4h | 0.4378 | +0.130% | $2.8M | $6.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0163% | 1h | 0.4372 | +0.002% | $359K | $246K | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0034% | 4h | 0.4377 | +0.107% | $4.2M | $8.7M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4374 | +0.039% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4383 | +0.245% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0048% | 1h | 0.4364 | −0.190% | $49K | $234K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4381 | +0.206% | $140K | $362K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4380 | +0.176% | $5K | $363K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4387 | +0.336% | $4.4M | $1.5M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4380 | +0.181% | $34K | $268K | 10x | as long as short |
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSD
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Lighter TIA
Orderly PERP_TIA_USDC
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4382 | +0.219% | $14.6M | $42.1M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4379 | +0.153% | $9.6M | $13.2M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4381 | +0.199% | $984K | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4382 | +0.222% | $13.3M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4381 | +0.199% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4381 | +0.199% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4372 | long leg | $101K | $153K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4360 | −0.283% | $102K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4369 | −0.075% | $65K | $44K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4376 | +0.077% | $55K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4382 | +0.223% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4379 | +0.164% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0208% | 1h | 0.4389 | +0.382% | $51K | $77K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4369 | −0.075% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4363 | −0.213% | $1.2M | $576K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0460% / S −0.3505% | 1h | 0.4370 | −0.041% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0721% | 1h | 0.4375 | +0.062% | $52K | $59 | 10x | as long as short |
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD