Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h −0.003%

Price spread now: KuCoin against Kraken Futures−0.023%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1051.050% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.344%−$34 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.023%, 7d avg −0.066%

Together, before fees−0.487%−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.043% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.066%. Mind the row above: over the last 7 days funding on this pair cost −0.344%, 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	0.4449	−0.0007	get 0.0001% / 1h	6m 45s	$348K	$208K	50x
Short	KuCoin TIAUSDTM	0.4448	0.0100	get 0.0050% / 4h	6m 45s	$4.3M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $22.42
Price spread: −0.023% → −0.066%: $4.3
Slippage, 4 orders: −$82.99
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$78.26
Costs to cover: 1.050%
Break-even: 31.4 days

Slippage from Kraken Futures: live order book, 31 min ago; KuCoin: 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, 31 min ago	19.22 bp	25.4 bp −$25	65.1 bp −$651	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.37 bp	26.3 bp −$26	64.3 bp −$643	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
GMX TIA/USD [ETH-USDC]	L −0.1306% / S +0.0091%	1h	0.4448	−0.028%	$5K	—	100x	as long as short
ApeX Omni TIAUSDT	−0.0056%	1h	0.4438	−0.248%	$51K	$224K	50x	as long as short
Kraken Futures PF_TIAUSDlong	−0.0007%	1h	0.4449	long leg	$348K	$208K	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4449	−0.001%	$31K	$25K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4448	−0.021%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4449	−0.001%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0039%	4h	0.4447	−0.046%	$2.8M	$6.8M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4455	+0.127%	$156K	$428K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0099%	4h	0.4447	−0.046%	$7K	$229K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4455	+0.125%	$4.8M	$1.5M	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	0.4448	−0.014%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4451	+0.044%	$14.1M	$48.2M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4451	+0.044%	$10.2M	$14.0M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4448	−0.023%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4451	+0.044%	$12.4M	$14.2M	300x	as long as short
KuCoin TIAUSDTMshort	+0.0100%	4h	0.4448	−0.023%	$4.3M	$10.0M	50x
Bitget TIAUSDT	+0.0100%	4h	0.4444	−0.113%	$4.4M	$4.1M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4446	−0.068%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4449	+0.004%	$103K	$174K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4435	−0.317%	$136K	$78K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4446	−0.068%	$60K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4445	−0.092%	$57K	$211K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4447	−0.046%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4445	−0.096%	$6K	—	15x	as long as short
dYdX TIA-USD	+0.0235%	1h	0.4450	+0.030%	$53K	$139	10x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4448	−0.023%	$1.7M	$718K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4459	+0.224%	$52K	$104K	50x	as long as short