Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0329%/8h= +36.0% APRpaid last 24h +0.079%

Price spread now: Binance against Kraken Futures+0.030%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 3 days (all we have)−0.302%−$30 · spread now +0.030%, 7d avg −0.039%

Together, before fees−0.627%−$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.069% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.325%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TIAUSD	0.4328	−0.0229	get 0.0029% / 1h	45m 40s	$354K	$242K	50x
Short	Binance TIAUSDT	0.4329	0.0100	get 0.0050% / 4h	1h 45m	$14.6M	$41.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.030%Rate

Funding earned: $68.99
Price spread: +0.030% → −0.039%: $6.93
Slippage, 4 orders: −$43.94
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $11.98
Costs to cover: 0.639%
Break-even: 5.8 days

Slippage from Kraken Futures: live order book, 37 min ago; Binance: live order book, 11 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, 37 min ago	14.97 bp	22.7 bp −$23	65.9 bp −$659	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.16 bp	9.8 bp −$10	28.7 bp −$287	110.1 bp −$11.0K	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_TIAUSDlong	−0.0229%	1h	0.4328	long leg	$354K	$242K	50x
KuCoin TIAUSDTM	−0.0030%	4h	0.4327	−0.016%	$4.2M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0020%	4h	0.4325	−0.063%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0017%	4h	0.4326	−0.039%	$2.7M	$5.9M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4324	−0.086%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4325	−0.063%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0052%	4h	0.4326	−0.039%	$9.5M	$13.2M	50x	as long as short
Variational Omni TIA	+0.0087%	4h	0.4307	−0.487%	$101K	$84K	—	as long as short
Lighter TIA	+0.0096%	1h	0.4333	+0.118%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4324	−0.086%	$5K	$361K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4333	+0.125%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4327	−0.016%	$35K	$267K	10x	as long as short
Binance TIAUSDTshort	+0.0100%	4h	0.4329	+0.030%	$14.6M	$41.7M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4329	+0.030%	$14.1M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4327	−0.016%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4326	−0.039%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4324	−0.076%	$100K	$150K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4314	−0.317%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4303	−0.571%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4322	−0.126%	$57K	$171K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4324	−0.096%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4330	+0.053%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4320	−0.178%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4330	+0.053%	$47K	$74K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4324	−0.086%	$1.0M	$548K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4323	−0.106%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0650%	1h	0.4329	+0.019%	$51K	$59	10x	as long as short