Funding you earn now, next payment 03:00 UTC+0.0396%/8h= +43.4% APRnext payment +$0.50 per $10,000 · paid last 24h +0.010%
Price spread now: Injective against Backpack−0.173%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 0.173% cheaper against Backpack than usual: you would sell low and buy high (spread −0.173% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 35 hours of funding at the current rate (+$12 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TIA_USDC_PERP | 0.4449 | 0.0100 | pay 0.0013% / 1h | 31m 59s | $103K | $154K | 10x |
| Short | Injective TIA/USDC PERP | 0.4441 | 0.0496 | get 0.0062% / 1h | 31m 59s | $26K | $10K | 12x |
Backpack TIA_USDC_PERP
Injective TIA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $83.26
- Price spread: −0.173% → 0.000%
- −$17.31
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $55.93
- Costs to cover
- 0.100%
- Break-even
- 2.3 days
Slippage unknown: Backpack: live order book, 31 min ago; Injective: no order-book sample. Net counts fees only.
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, 31 min ago | 0.91 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0011% | 4h | 0.4449 | +0.007% | $9.6M | $13.3M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4446 | −0.061% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4446 | −0.066% | $1K | — | 150x | as long as short |
| KuCoin TIAUSDTM | +0.0018% | 4h | 0.4450 | +0.029% | $4.3M | $9.0M | 50x | as long as short |
| Variational Omni TIA | +0.0052% | 4h | 0.4424 | −0.563% | $103K | $84K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0061% | 1h | 0.4437 | −0.263% | $50K | $231K | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0066% | 4h | 0.4451 | +0.052% | $2.8M | $6.2M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0074% | 1h | 0.4450 | +0.020% | $364K | $205K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4454 | +0.119% | $158K | $415K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4456 | +0.162% | $4.8M | $1.6M | 5x | as long as short |
Bybit TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
KuCoin TIAUSDTM
Variational Omni TIA
ApeX Omni TIAUSDT
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSD
Lighter TIA
Hyperliquid TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4449 | −0.001% | $33K | $246K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4453 | +0.092% | $14.6M | $42.7M | 75x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4454 | +0.119% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4453 | +0.097% | $12.3M | $6.5M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4452 | +0.074% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4452 | +0.074% | — | $99.0M | — | as long as short |
| Backpack TIA_USDC_PERPlong | +0.0100% | 1h | 0.4449 | long leg | $103K | $154K | 10x | |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4444 | −0.106% | $5K | $317K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4445 | −0.083% | $59K | $74K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4451 | +0.051% | $56K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4446 | −0.057% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4443 | −0.121% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0222% | 1h | 0.4446 | −0.061% | $53K | $199 | 10x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4444 | −0.106% | $1.4M | $720K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0376% | 1h | 0.4450 | +0.029% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0496% / S −0.1196% | 1h | 0.4446 | −0.069% | $41K | — | 100x | as long as short |
| Injective TIA/USDC PERPshort | +0.0496% | 1h | 0.4441 | −0.173% | $26K | $10K | 12x |
Aster TIAUSDT
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Orderly PERP_TIA_USDC
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]