Funding you earn now, next payment 03:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.139%
Price spread now: BloFin against Kraken Futures−0.112%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.112%, 7d avg −0.029%
=Funding pays, the price is against you. BloFin is 0.083% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of −0.029%). If the spread goes back, that is −$8 on $10k: about 25 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TIAUSD | 0.4393 | 0.0075 | pay 0.0009% / 1h | 2m 57s | $359K | $199K | 50x |
| Short | BloFin TIA-USDT | 0.4388 | 0.0340 | get 0.0170% / 4h | 1h 02m | $1.5M | $719K | 75x |
Kraken Futures PF_TIAUSD
BloFin TIA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $55.64
- Price spread: −0.112% → −0.029%
- −$8.3
- Slippage, 4 orders
- −$48.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$22.85
- Costs to cover
- 0.702%
- Break-even
- 9.9 days
Slippage from Kraken Futures: live order book, 60 min ago; BloFin: live order book, 5 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, 60 min ago | 15.88 bp | 21.6 bp −$22 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.40 bp | 9.4 bp −$9 | 18.3 bp −$183 | 57.5 bp −$5,754 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0131% | 4h | 0.4392 | −0.021% | $9.7M | $13.5M | 50x | as long as short |
| Variational Omni TIA | −0.0057% | 4h | 0.4393 | −0.006% | $103K | $85K | — | as long as short |
| KuCoin TIAUSDTM | −0.0032% | 4h | 0.4393 | +0.002% | $4.2M | $9.0M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4393 | +0.002% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4394 | +0.024% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0064% | 1h | 0.4396 | +0.070% | $49K | $231K | 50x | as long as short |
| Kraken Futures PF_TIAUSDlong | +0.0075% | 1h | 0.4393 | long leg | $359K | $199K | 50x | |
| Lighter TIA | +0.0096% | 1h | 0.4399 | +0.134% | $155K | $417K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4399 | +0.127% | $4.7M | $1.6M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4396 | +0.068% | $32K | $245K | 10x | as long as short |
Bybit TIAUSDT
Variational Omni TIA
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Lighter TIA
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4394 | +0.028% | $14.4M | $42.9M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4392 | −0.021% | $2.8M | $6.2M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4395 | +0.047% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4395 | +0.047% | $11.9M | $6.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4393 | +0.002% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4393 | +0.002% | — | $99.1M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4393 | +0.011% | $101K | $153K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4391 | −0.044% | $5K | $288K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4393 | +0.002% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4392 | −0.017% | $55K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4392 | −0.021% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4390 | −0.077% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0194% | 1h | 0.4385 | −0.176% | $52K | $199 | 10x | as long as short |
| BloFin TIA-USDTshort | +0.0340% | 4h | 0.4388 | −0.112% | $1.5M | $719K | 75x | |
| Coinbase International TIA-PERP-INTX | +0.0376% | 1h | 0.4418 | +0.571% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0493% / S −0.1196% | 1h | 0.4394 | +0.015% | $40K | — | 100x | as long as short |
| Injective TIA/USDC PERP | +0.0496% | 1h | 0.4415 | +0.503% | $26K | $10K | 12x | as long as short |
Binance TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Orderly PERP_TIA_USDC
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP