Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h −0.053%

Price spread now: KuCoin against Injective−0.180%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 0.180% cheaper against Injective than usual: you would sell low and buy high (spread −0.180% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 7.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TIA/USDC PERP	0.4447	0.0014	pay 0.0002% / 1h	10m 49s	$24K	$12K	12x
Short	KuCoin TIAUSDTM	0.4439	0.0100	get 0.0050% / 4h	10m 49s	$4.2M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −0.180%Rate

Funding earned: $18.01
Price spread: −0.180% → 0.000%: −$17.99
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12
Costs to cover: 0.120%
Break-even: 11.7 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 7 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 7 min ago	3.38 bp	31.4 bp −$31	94.4 bp −$944	doesn't fit	doesn't fit

Injective: 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
GMX TIA/USD [ETH-USDC]	L −0.1110% / S +0.0084%	1h	0.4439	−0.184%	$5K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0058%	1h	0.4450	+0.067%	$51K	$224K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4442	−0.116%	$347K	$208K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4437	−0.225%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4439	−0.179%	$1K	—	150x	as long as short
Injective TIA/USDC PERPlong	+0.0014%	1h	0.4447	long leg	$24K	$12K	12x
OKX TIA-USDT-SWAP	+0.0044%	4h	0.4434	−0.292%	$2.8M	$6.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4443	−0.094%	$155K	$428K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4438	−0.202%	$7K	$231K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4444	−0.065%	$4.8M	$1.5M	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	0.4441	−0.128%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4439	−0.188%	$14.0M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4437	−0.225%	$10.1M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4440	−0.157%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4439	−0.180%	$12.3M	$14.1M	300x	as long as short
KuCoin TIAUSDTMshort	+0.0100%	4h	0.4439	−0.180%	$4.2M	$10.0M	50x
Bitget TIAUSDT	+0.0100%	4h	0.4436	−0.247%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4437	−0.225%	—	$103.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4438	−0.200%	$102K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4435	−0.271%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4443	−0.090%	$59K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4436	−0.249%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4436	−0.247%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4434	−0.293%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0251%	1h	0.4441	−0.125%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4436	−0.247%	$1.7M	$716K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4458	+0.247%	$52K	$103K	50x	as long as short