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

TIA

all TIA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0263%/8h= −28.7% APRpaid last 24h −0.077%
Price spread now: Kraken Futures against BingX+0.092%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.250%+$25 on $10k
Price spread, last 3 days (all we have)+0.121%+$12 · spread now +0.092%, 7d avg +0.072%
Together, before fees+0.370%+$37 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.250%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TIA-USDC0.43720.0100pay 0.0050% / 4h45m 35s$6.5M
ShortKraken Futures PF_TIAUSD0.4376−0.0163pay 0.0020% / 1h45m 35s$359K$245K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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
−$55.13
Price spread: +0.092% → +0.072%
$1.96
Slippage, 4 orders
−$82.3
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$155.47
Costs to cover
1.023%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Kraken Futures: live order book, 32 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 BingX live order book, 5 min ago2.28 bp23.3 bp −$2359.2 bp −$592372.5 bp −$37.2K670.4 bp −$335.2K
Sell Kraken Futures live order book, 32 min ago14.99 bp32.6 bp −$3380.4 bp −$804doesn'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
Kraken Futures PF_TIAUSDshort−0.0163%1h0.4376+0.092%$359K$245K50x
OKX TIA-USDT-SWAP−0.0144%4h0.4369−0.069%$2.8M$6.0M50xas long as short
KuCoin TIAUSDTM−0.0022%4h0.43720.000%$4.2M$8.6M50xas long as short
ApeX Omni TIAUSDT−0.0006%1h0.4370−0.046%$49K$234K50xas long as short
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4378+0.137%$30K$27K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4378+0.142%$1K150xas long as short
Gate TIA_USDT+0.0056%4h0.4373+0.023%$990K$1.8M75xas long as short
Lighter TIA+0.0096%1h0.4380+0.188%$140K$362K10xas long as short
Orderly PERP_TIA_USDC+0.0098%4h0.4376+0.091%$5K$363K10xas long as short
Hyperliquid TIA+0.0100%1h0.4377+0.110%$4.3M$1.5M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4375+0.075%$35K$267K10xas long as short
Binance TIAUSDT+0.0100%4h0.4372−0.003%$14.6M$42.3M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4369−0.069%$9.6M$13.2M50xas long as short
MEXC TIA_USDT+0.0100%4h0.43720.000%$13.6M$6.8M300xas long as short
Bitget TIAUSDT+0.0100%4h0.4374+0.046%$4.5M$3.5M75xas long as short
BingX TIA-USDClong+0.0100%4h0.4372long leg$6.5M
Backpack TIA_USDC_PERP+0.0100%1h0.4378+0.128%$101K$151K10xas long as short
Variational Omni TIA+0.0100%4h0.4382+0.228%$102K$84Kas long as short
HTX TIA-USDT+0.0100%4h0.4377+0.114%$65K$42K50xas long as short
Extended TIA-USD+0.0104%1h0.4370−0.041%$56K$169K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4377+0.120%$7K3xas long as short
Reya TIARUSDPERP+0.0179%1h0.4369−0.057%$6K15xas long as short
Coinbase International TIA-PERP-INTX+0.0208%1h0.4389+0.389%$51K$77K50xas long as short
Injective TIA/USDC PERP+0.0210%1h0.4384+0.274%$27K$10K12xas long as short
BloFin TIA-USDT+0.0340%4h0.4371−0.023%$1.1M$568K75xas long as short
GMX TIA/USD [ETH-USDC]L +0.0459% / S −0.3505%1h0.4378+0.136%$36K100xas long as short
dYdX TIA-USD+0.0612%1h0.4378+0.137%$52K$5910xas long as short