Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h −0.078%

Price spread now: Kraken Futures against Binance−0.064%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.321%+$32 on $10k

Price spread, last 3 days (all we have)+0.227%+$23 · spread now −0.064%, 7d avg +0.040%

Together, before fees+0.548%+$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.104% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.321%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TIAUSDT	0.4364	0.0100	pay 0.0050% / 4h	3h 02m	$14.6M	$41.3M	75x
Short	Kraken Futures PF_TIAUSD	0.4361	−0.0153	pay 0.0019% / 1h	2m 19s	$358K	$226K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$53.2
Price spread: −0.064% → +0.040%: −$10.41
Slippage, 4 orders: −$46.23
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$129.84
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Kraken Futures: live order book, 5 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 Binance live order book, 10 min ago	1.13 bp	11.0 bp −$11	20.8 bp −$208	132.3 bp −$13.2K	doesn't fit
Sell Kraken Futures live order book, 5 min ago	12.48 bp	22.0 bp −$22	75.5 bp −$755	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
Kraken Futures PF_TIAUSDshort	−0.0153%	1h	0.4361	−0.064%	$358K	$226K	50x
OKX TIA-USDT-SWAP	−0.0138%	4h	0.4356	−0.182%	$2.8M	$5.9M	50x	as long as short
KuCoin TIAUSDTM	−0.0028%	4h	0.4363	−0.022%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4358	−0.136%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4365	+0.024%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0069%	4h	0.4360	−0.090%	$9.5M	$12.9M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4379	+0.334%	$139K	$360K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4359	−0.113%	$5K	$363K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4370	+0.130%	$4.5M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4369	+0.117%	$34K	$240K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDTlong	+0.0100%	4h	0.4364	long leg	$14.6M	$41.3M	75x
Gate TIA_USDT	+0.0100%	4h	0.4363	−0.022%	$980K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4365	+0.024%	$12.8M	$6.8M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4358	−0.136%	$4.5M	$3.2M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4362	−0.044%	—	$98.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4371	+0.162%	$103K	$155K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4386	+0.498%	$103K	$84K	—	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4390	+0.597%	$49K	$232K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4362	−0.044%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4355	−0.211%	$54K	$184K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4358	−0.148%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4403	+0.895%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4362	−0.036%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4357	−0.159%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4377	+0.299%	$1.3M	$600K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0461% / S −0.3505%	1h	0.4364	+0.001%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0818%	1h	0.4373	+0.213%	$52K	$199	10x	as long as short