Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.001%

Price spread now: Backpack against Gate+0.081%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.081%, 7d avg +0.006%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.075% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TIA_USDT	0.4334	−0.0040	get 0.0020% / 4h	2h 27m	$1.0M	$1.8M	75x
Short	Backpack TIA_USDC_PERP	0.4338	0.0100	get 0.0013% / 1h	27m 14s	$103K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.081%Rate

Funding earned: $29.4
Price spread: +0.081% → +0.006%: $7.49
Slippage, 4 orders: −$51.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$39.99
Costs to cover: 0.769%
Break-even: 16.5 days

Slippage from Gate: live order book, 5 min ago; Backpack: live order book, 60 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 Gate live order book, 5 min ago	4.64 bp	25.8 bp −$26	81.0 bp −$810	doesn't fit	doesn't fit
Sell Backpack live order book, 60 min ago	1.04 bp	12.3 bp −$12	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
Kraken Futures PF_TIAUSD	−0.0388%	1h	0.4331	−0.071%	$356K	$239K	50x	as long as short
Bybit TIAUSDT	−0.0241%	4h	0.4333	−0.023%	$9.4M	$13.0M	50x	as long as short
ApeX Omni TIAUSDT	−0.0062%	1h	0.4316	−0.415%	$49K	$236K	50x	as long as short
Gate TIA_USDTlong	−0.0040%	4h	0.4334	long leg	$1.0M	$1.8M	75x
OKX TIA-USDT-SWAP	−0.0015%	4h	0.4331	−0.069%	$2.7M	$5.8M	50x	as long as short
KuCoin TIAUSDTM	−0.0004%	4h	0.4330	−0.092%	$4.2M	$8.6M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4335	+0.023%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4335	+0.013%	$1K	—	150x	as long as short
Variational Omni TIA	+0.0028%	4h	0.4314	−0.454%	$101K	$85K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4338	+0.083%	$128K	$353K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4333	−0.023%	$5K	$360K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4342	+0.178%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4332	−0.050%	$35K	$272K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4335	+0.026%	$14.1M	$41.1M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4335	+0.023%	$9.1M	$5.6M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4334	0.000%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4333	−0.023%	—	$101.0M	—	as long as short
Backpack TIA_USDC_PERPshort	+0.0100%	1h	0.4338	+0.081%	$103K	$150K	10x
HTX TIA-USDT	+0.0100%	4h	0.4332	−0.046%	$74K	$19K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4330	−0.092%	$58K	$169K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4334	−0.012%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4330	−0.094%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0200%	1h	0.4339	+0.115%	$48K	$72K	50x	as long as short
Injective TIA/USDC PERP	+0.0210%	1h	0.4331	−0.069%	$26K	$10K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4333	−0.023%	$1.0M	$519K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4334	+0.011%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0804%	1h	0.4331	−0.069%	$51K	$59	10x	as long as short