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

TIA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0126%/8h= −13.8% APRnext payment $0.16 per $10,000 · paid last 24h −0.195%
Price spread now: Kraken Futures against dYdX−0.157%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.255%−$25 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.157% cheaper against dYdX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX TIA-USD0.43960.0119pay 0.0015% / 1h51m 38s$52K$13910x
ShortKraken Futures PF_TIAUSD0.4389−0.0007pay 0.0001% / 1h51m 38s$348K$202K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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
−$26.46
Price spread: −0.157% → 0.000%
−$15.69
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$62.15
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 51 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Kraken Futures live order book, 51 min ago24.12 bp30.5 bp −$3062.8 bp −$628doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni TIAUSDT−0.0303%1h0.4385−0.254%$50K$224K50xas long as short
Kraken Futures PF_TIAUSDshort−0.0007%1h0.4389−0.157%$348K$202K50x
Deribit TIA_USDC-PERPETUAL0.0000%1h0.4391−0.117%$31K$25K25xas long as short
gTrade (Gains Network) TIA/USDL +0.0002% / S 0.0000%1h0.4389−0.153%$1K150xas long as short
Injective TIA/USDC PERP+0.0014%1h0.4398+0.042%$24K$12K12xas long as short
OKX TIA-USDT-SWAP+0.0031%4h0.4391−0.117%$2.8M$6.5M50xas long as short
GMX TIA/USD [ETH-USDC]L +0.0034% / S +0.0055%1h0.4390−0.134%$6K100xas long as short
Lighter TIA+0.0096%1h0.4402+0.142%$152K$422K10xas long as short
Orderly PERP_TIA_USDC+0.0100%4h0.4389−0.163%$7K$240K10xas long as short
Hyperliquid TIA+0.0100%1h0.4405+0.192%$4.7M$1.5M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster TIAUSDT+0.0100%4h0.4395−0.033%$33K$247K10xas long as short
Binance TIAUSDT+0.0100%4h0.4396−0.012%$13.8M$47.7M75xas long as short
Bybit TIAUSDT+0.0100%4h0.4395−0.026%$9.9M$13.9M50xas long as short
Gate TIA_USDT+0.0100%4h0.4396−0.004%$1.0M$1.9M75xas long as short
MEXC TIA_USDT+0.0100%4h0.4398+0.042%$12.7M$14.0M300xas long as short
KuCoin TIAUSDTM+0.0100%4h0.4394−0.049%$4.2M$9.9M50xas long as short
Bitget TIAUSDT+0.0100%4h0.4393−0.072%$4.3M$3.9M75xas long as short
BingX TIA-USDC+0.0100%4h0.4396−0.004%$6.5Mas long as short
Backpack TIA_USDC_PERP+0.0100%1h0.4394−0.061%$101K$171K10xas long as short
Variational Omni TIA+0.0100%4h0.4371−0.579%$102K$50Kas long as short
HTX TIA-USDT+0.0100%4h0.4388−0.186%$59K$73K50xas long as short
Extended TIA-USD+0.0104%1h0.4393−0.082%$56K$210K25xas long as short
Aevo TIA-PERP+0.0104%1h0.4390−0.150%$7K3xas long as short
dYdX TIA-USDlong+0.0119%1h0.4396long leg$52K$13910x
Reya TIARUSDPERP+0.0181%1h0.4386−0.224%$6K15xas long as short
BloFin TIA-USDT+0.0340%4h0.4391−0.117%$1.6M$709K75xas long as short
Coinbase International TIA-PERP-INTX+0.0432%1h0.4413+0.383%$48K$87K50xas long as short