Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.023%
Price spread now: Backpack against Extended−0.048%7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now −0.048%, 7d avg +0.069%
=Together, before fees−0.198%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.118% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended TIA-USD | 0.4439 | 0.0104 | pay 0.0013% / 1h | 33m 18s | $56K | $213K | 25x |
| Short | Backpack TIA_USDC_PERP | 0.4437 | 0.0100 | get 0.0013% / 1h | 33m 18s | $102K | $154K | 10x |
Extended TIA-USD
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- −$0.84
- Price spread: −0.048% → +0.069%
- −$11.76
- Slippage, 4 orders
- −$23.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$51
- Costs to cover
- 0.384%
- Break-even
- never at this rate
Slippage from Extended: live order book, 28 min ago; Backpack: live order book, 30 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 Extended live order book, 28 min ago | 3.40 bp | 6.6 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 30 min ago | 0.91 bp | 10.3 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0011% | 4h | 0.4441 | +0.051% | $9.6M | $13.3M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4437 | −0.039% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4445 | +0.136% | $1K | — | 150x | as long as short |
| KuCoin TIAUSDTM | +0.0016% | 4h | 0.4441 | +0.051% | $4.3M | $9.0M | 50x | as long as short |
| Variational Omni TIA | +0.0052% | 4h | 0.4424 | −0.340% | $103K | $84K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0061% | 1h | 0.4437 | −0.039% | $50K | $231K | 50x | as long as short |
| OKX TIA-USDT-SWAP | +0.0061% | 4h | 0.4442 | +0.073% | $2.8M | $6.1M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | +0.0074% | 1h | 0.4437 | −0.050% | $363K | $206K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4447 | +0.193% | $157K | $415K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4451 | +0.276% | $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 | 0.4440 | +0.025% | $33K | $246K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4444 | +0.124% | $14.6M | $42.7M | 75x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4445 | +0.141% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4445 | +0.141% | $12.3M | $6.5M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4444 | +0.118% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4444 | +0.118% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4437 | −0.048% | $102K | $154K | 10x | |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4442 | +0.073% | $5K | $317K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4432 | −0.152% | $59K | $74K | 50x | as long as short |
| Extended TIA-USDlong | +0.0104% | 1h | 0.4439 | long leg | $56K | $213K | 25x | |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4445 | +0.130% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4443 | +0.091% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0224% | 1h | 0.4440 | +0.031% | $53K | $199 | 10x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4436 | −0.062% | $1.5M | $712K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0376% | 1h | 0.4430 | −0.197% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0495% / S −0.1196% | 1h | 0.4444 | +0.118% | $41K | — | 100x | as long as short |
| Injective TIA/USDC PERP | +0.0496% | 1h | 0.4432 | −0.152% | $26K | $10K | 12x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Orderly PERP_TIA_USDC
HTX TIA-USDT
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP