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: Gate against Kraken Futures+0.005%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

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

Long on Kraken Futures Short on Gate

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)−0.621%−$62 · spread now +0.005%, 7d avg −0.060%

Together, before fees−1.025%−$102 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.065% 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 −0.060%. Mind the row above: over the last 7 days funding on this pair cost −0.404%, 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	0.4454	0.0074	pay 0.0009% / 1h	30m 54s	$364K	$205K	50x
Short	Gate TIA_USDT	0.4454	0.0100	get 0.0050% / 4h	1h 30m	$1.0M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.005%Rate

Funding earned: $5.46
Price spread: +0.005% → −0.060%: $6.52
Slippage, 4 orders: −$79.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.04
Costs to cover: 1.040%
Break-even: 125.0 days

Slippage from Kraken Futures: live order book, 32 min ago; Gate: live order book, 2 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, 32 min ago	15.88 bp	21.6 bp −$22	62.2 bp −$622	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.62 bp	29.1 bp −$29	80.9 bp −$809	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	−0.018%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4452	−0.047%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0003%	4h	0.4448	−0.130%	$9.6M	$13.3M	50x	as long as short
KuCoin TIAUSDTM	+0.0022%	4h	0.4449	−0.108%	$4.3M	$9.0M	50x	as long as short
ApeX Omni TIAUSDT	+0.0061%	1h	0.4437	−0.377%	$50K	$231K	50x	as long as short
Variational Omni TIA	+0.0061%	4h	0.4448	−0.139%	$104K	$85K	—	as long as short
OKX TIA-USDT-SWAP	+0.0068%	4h	0.4448	−0.130%	$2.9M	$6.2M	50x	as long as short
Kraken Futures PF_TIAUSDlong	+0.0074%	1h	0.4454	long leg	$364K	$205K	50x
Lighter TIA	+0.0096%	1h	0.4460	+0.135%	$157K	$415K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4460	+0.128%	$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	0.4454	−0.002%	$33K	$246K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4452	−0.037%	$14.6M	$42.7M	75x	as long as short
Gate TIA_USDTshort	+0.0100%	4h	0.4454	+0.005%	$1.0M	$1.8M	75x
MEXC TIA_USDT	+0.0100%	4h	0.4452	−0.040%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4452	−0.040%	$4.5M	$3.4M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4451	−0.063%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4453	−0.011%	$103K	$154K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4451	−0.063%	$5K	$317K	10x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4451	−0.063%	$59K	$74K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4448	−0.119%	$56K	$213K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4452	−0.048%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4448	−0.135%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0239%	1h	0.4454	+0.005%	$53K	$199	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4450	−0.085%	$1.5M	$721K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4460	+0.139%	$52K	$77K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0496% / S −0.1196%	1h	0.4452	−0.048%	$41K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4441	−0.287%	$26K	$10K	12x	as long as short