TIA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h +0.026%

Price spread now: ApeX Omni against Kraken Futures+0.119%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$870.874% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.313%−$31 on $10k

Price spread, last 4 days (all we have)−0.351%−$35 · spread now +0.119%, 7d avg −0.049%

Together, before fees−0.664%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.168% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of −0.049%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TIAUSD	0.4356	0.0192	pay 0.0024% / 1h	45m 01s	$345K	$206K	50x
Short	ApeX Omni TIAUSDT	0.4361	0.0100	get 0.0013% / 1h	45m 01s	$50K	$228K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now +0.119%Rate

Funding earned: −$19.38
Price spread: +0.119% → −0.049%: $16.78
Slippage, 4 orders: −$67.35
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$89.95
Costs to cover: 0.874%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; ApeX Omni: live order book, 1 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 Kraken Futures live order book, 3 min ago	19.47 bp	26.6 bp −$27	67.3 bp −$673	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	8.04 bp	15.9 bp −$16	121.5 bp −$1,215	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	−0.0209%	1h	0.4352	−0.087%	$30K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4354	−0.043%	$1K	—	150x	as long as short
OKX TIA-USDT-SWAP	+0.0093%	4h	0.4347	−0.202%	$2.7M	$6.3M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4357	+0.037%	$155K	$422K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4353	−0.064%	$6K	$273K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4357	+0.037%	$4.7M	$1.4M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4350	−0.139%	$33K	$244K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4350	−0.133%	$13.7M	$44.0M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4349	−0.156%	$9.8M	$13.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4354	−0.041%	$981K	$1.8M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TIA_USDT	+0.0100%	4h	0.4352	−0.087%	$10.6M	$6.4M	300x	as long as short
KuCoin TIAUSDTM	+0.0100%	4h	0.4350	−0.133%	$4.2M	$9.4M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4350	−0.133%	$4.4M	$3.7M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4351	−0.110%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4353	−0.055%	$101K	$173K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4352	−0.093%	$101K	$51K	—	as long as short
ApeX Omni TIAUSDTshort	+0.0100%	1h	0.4361	+0.119%	$50K	$228K	50x
HTX TIA-USDT	+0.0100%	4h	0.4356	+0.004%	$58K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4350	−0.125%	$55K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4351	−0.120%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4353	−0.057%	$6K	—	15x	as long as short
Kraken Futures PF_TIAUSDlong	+0.0192%	1h	0.4356	long leg	$345K	$206K	50x
Injective TIA/USDC PERP	+0.0237%	1h	0.4361	+0.119%	$25K	$11K	12x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4353	−0.064%	$1.7M	$702K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0359% / S −0.0613%	1h	0.4354	−0.043%	$23K	—	100x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4378	+0.510%	$47K	$84K	50x	as long as short
dYdX TIA-USD	+0.0521%	1h	0.4357	+0.027%	$52K	$139	10x	as long as short