Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.047%

Price spread now: Kraken Futures against Gate+0.085%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1041.040% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.404%+$40 on $10k

Price spread, last 4 days (all we have)+0.531%+$53 · spread now +0.085%, 7d avg +0.060%

Together, before fees+0.935%+$93 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.025% dearer against Gate than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.060%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.404%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TIA_USDT	0.4450	0.0100	pay 0.0050% / 4h	1h 30m	$1.0M	$1.8M	75x
Short	Kraken Futures PF_TIAUSD	0.4454	0.0074	get 0.0009% / 1h	30m 26s	$364K	$205K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$5.46
Price spread: +0.085% → +0.060%: $2.47
Slippage, 4 orders: −$79.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$107.01
Costs to cover: 1.040%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	5.62 bp	24.5 bp −$24	58.9 bp −$589	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 32 min ago	15.88 bp	28.8 bp −$29	76.6 bp −$766	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
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4453	+0.067%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4452	+0.038%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0007%	4h	0.4445	−0.112%	$9.6M	$13.3M	50x	as long as short
KuCoin TIAUSDTM	+0.0020%	4h	0.4447	−0.067%	$4.3M	$9.0M	50x	as long as short
ApeX Omni TIAUSDT	+0.0061%	1h	0.4437	−0.292%	$50K	$231K	50x	as long as short
Variational Omni TIA	+0.0061%	4h	0.4448	−0.054%	$104K	$85K	—	as long as short
OKX TIA-USDT-SWAP	+0.0072%	4h	0.4447	−0.067%	$2.8M	$6.2M	50x	as long as short
Kraken Futures PF_TIAUSDshort	+0.0074%	1h	0.4454	+0.085%	$364K	$205K	50x
Lighter TIA	+0.0096%	1h	0.4454	+0.083%	$157K	$415K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4454	+0.097%	$4.8M	$1.6M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster TIAUSDT	+0.0100%	4h	0.4451	+0.032%	$33K	$246K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4447	−0.066%	$14.6M	$42.7M	75x	as long as short
Gate TIA_USDTlong	+0.0100%	4h	0.4450	long leg	$1.0M	$1.8M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4447	−0.067%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4446	−0.090%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4445	−0.112%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4453	+0.074%	$103K	$154K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4451	+0.022%	$5K	$317K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4451	+0.022%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4442	−0.175%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4452	+0.037%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4445	−0.117%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0232%	1h	0.4451	+0.024%	$53K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4450	0.000%	$1.5M	$721K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4460	+0.225%	$52K	$77K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0496% / S −0.1196%	1h	0.4452	+0.037%	$41K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4441	−0.202%	$26K	$10K	12x	as long as short