Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.067%

Price spread now: HTX against Kraken Futures−0.024%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$24 on $10k

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. HTX is 0.024% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.235%, 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	0.4407	0.0075	pay 0.0009% / 1h	48m 07s	$360K	$208K	50x
Short	HTX TIA-USDT	0.4406	0.0100	get 0.0050% / 4h	1h 48m	$59K	$75K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.024%Rate

Funding earned: $5.3
Price spread: −0.024% → 0.000%: −$2.37
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$19.08
Costs to cover: 0.220%
Break-even: 32.2 days

Slippage unknown: Kraken Futures: live order book, 15 min ago; HTX: no order-book sample. 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 Kraken Futures live order book, 15 min ago	15.88 bp	21.6 bp −$22	62.2 bp −$622	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 26 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
ApeX Omni TIAUSDT	−0.0310%	1h	0.4406	−0.024%	$50K	$233K	50x	as long as short
OKX TIA-USDT-SWAP	0.0000%	4h	0.4402	−0.114%	$2.8M	$6.1M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4407	−0.001%	$31K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4407	−0.005%	$1K	—	150x	as long as short
KuCoin TIAUSDTM	+0.0008%	4h	0.4402	−0.114%	$4.2M	$9.0M	50x	as long as short
Bybit TIAUSDT	+0.0030%	4h	0.4401	−0.137%	$9.5M	$13.3M	50x	as long as short
Kraken Futures PF_TIAUSDlong	+0.0075%	1h	0.4407	long leg	$360K	$208K	50x
Lighter TIA	+0.0096%	1h	0.4413	+0.135%	$156K	$413K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4404	−0.069%	$5K	$317K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4412	+0.116%	$103K	$84K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4411	+0.099%	$4.7M	$1.6M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4405	−0.047%	$32K	$246K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4406	−0.020%	$14.5M	$42.7M	75x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4406	−0.024%	$991K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4405	−0.046%	$12.3M	$6.5M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4405	−0.046%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4403	−0.092%	—	$99.0M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4406	−0.033%	$103K	$153K	10x	as long as short
HTX TIA-USDTshort	+0.0100%	4h	0.4406	−0.024%	$59K	$75K	50x
Extended TIA-USD	+0.0104%	1h	0.4402	−0.124%	$56K	$212K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4405	−0.035%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0180%	1h	0.4404	−0.058%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0194%	1h	0.4405	−0.046%	$52K	$199	10x	as long as short
Coinbase International TIA-PERP-INTX	+0.0376%	1h	0.4430	+0.521%	$52K	$76K	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0493% / S −0.1194%	1h	0.4406	−0.014%	$40K	—	100x	as long as short
Injective TIA/USDC PERP	+0.0496%	1h	0.4405	−0.046%	$26K	$10K	12x	as long as short