Funding you earn now, next payment 04:00 UTC−0.0226%/8h= −24.7% APRnext payment −$0.28 per $10,000 · paid last 24h −0.207%
Price spread now: Backpack against dYdX−0.140%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.580%−$58 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Backpack is 0.140% cheaper against dYdX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX TIA-USD | 0.4432 | 0.0326 | pay 0.0041% / 1h | 22m 09s | $53K | $199 | 10x |
| Short | Backpack TIA_USDC_PERP | 0.4426 | 0.0100 | get 0.0013% / 1h | 22m 09s | $102K | $167K | 10x |
dYdX TIA-USD
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- −$47.41
- Price spread: −0.140% → 0.000%
- −$13.99
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$81.41
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; Backpack: live order book, 36 min ago. 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 36 min ago | 1.94 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
dYdX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni TIA | −0.0018% | 4h | 0.4430 | −0.057% | $104K | $65K | — | as long as short |
| ApeX Omni TIAUSDT | −0.0012% | 1h | 0.4442 | +0.221% | $50K | $230K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4433 | +0.018% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4433 | +0.016% | $1K | — | 150x | as long as short |
| Bybit TIAUSDT | +0.0036% | 4h | 0.4426 | −0.140% | $9.8M | $13.5M | 50x | as long as short |
| KuCoin TIAUSDTM | +0.0048% | 4h | 0.4429 | −0.072% | $4.3M | $9.1M | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4436 | +0.097% | $157K | $419K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4430 | −0.050% | $5K | $273K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4431 | −0.032% | $4.8M | $1.5M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4430 | −0.042% | $33K | $248K | 10x | as long as short |
Variational Omni TIA
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Bybit TIAUSDT
KuCoin TIAUSDTM
Lighter TIA
Orderly PERP_TIA_USDC
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4426 | −0.138% | $14.5M | $43.1M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4423 | −0.208% | $2.8M | $6.3M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4428 | −0.095% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4425 | −0.162% | $11.9M | $6.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4425 | −0.162% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4423 | −0.208% | — | $101.7M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4426 | −0.140% | $102K | $167K | 10x | |
| HTX TIA-USDT | +0.0100% | 4h | 0.4443 | +0.244% | $59K | $74K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4428 | −0.092% | $56K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4430 | −0.038% | $7K | — | 3x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0164% | 1h | 0.4434 | +0.036% | $362K | $194K | 50x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4428 | −0.088% | $6K | — | 15x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4442 | +0.221% | $26K | $10K | 12x | as long as short |
| dYdX TIA-USDlong | +0.0326% | 1h | 0.4432 | long leg | $53K | $199 | 10x | |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4427 | −0.117% | $1.6M | $748K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0384% | 1h | 0.4452 | +0.447% | $52K | $77K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0496% / S −0.1196% | 1h | 0.4432 | −0.002% | $41K | — | 100x | as long as short |
Binance TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Kraken Futures PF_TIAUSD
Reya TIARUSDPERP
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]