Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.038%

Price spread now: MEXC against Kraken Futures−0.125%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.125%, 7d avg −0.031%

Together, before fees−0.420%−$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.094% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.031%). If the spread goes back, that is −$9 on $10k: about 18 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.321%, 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	0.4360	0.0083	pay 0.0010% / 1h	45m 11s	$367K	$225K	50x
Short	MEXC TIA_USDT	0.4355	0.0100	get 0.0050% / 4h	1h 45m	$10.3M	$14.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.125%Rate

Funding earned: $3.63
Price spread: −0.125% → −0.031%: −$9.45
Slippage, 4 orders: −$49.62
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$65.43
Costs to cover: 0.596%
Break-even: 133.2 days

Slippage from Kraken Futures: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago	10.31 bp	19.5 bp −$19	54.7 bp −$547	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.15 bp	3.3 bp −$3	13.5 bp −$135	73.1 bp −$7,311	136.0 bp −$68.0K

TIA on 27 exchanges

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 −0.5414% / S +0.0229%	1h	0.4357	−0.070%	$5K	—	100x	as long as short
Injective TIA/USDC PERP	−0.0275%	1h	0.4374	+0.311%	$83K	$165K	12x	as long as short
Bybit TIAUSDT	−0.0211%	4h	0.4357	−0.079%	$9.6M	$14.4M	50x	as long as short
ApeX Omni TIAUSDT	−0.0001%	1h	0.4361	+0.012%	$50K	$219K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4358	−0.056%	$32K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4358	−0.054%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0054%	1h	0.4360	−0.004%	$101K	$176K	10x	as long as short
dYdX TIA-USD	+0.0063%	1h	0.4357	−0.079%	$52K	$139	10x	as long as short
Kraken Futures PF_TIAUSDlong	+0.0083%	1h	0.4360	long leg	$367K	$225K	50x
Variational Omni TIA	+0.0084%	4h	0.4358	−0.047%	$101K	$100K	—	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter TIA	+0.0096%	1h	0.4361	+0.017%	$152K	$472K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4356	−0.102%	$6K	$184K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4362	+0.033%	$4.6M	$1.7M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4356	−0.102%	$31K	$238K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4357	−0.079%	$14.0M	$48.6M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4356	−0.102%	$2.7M	$6.7M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4356	−0.102%	$998K	$1.7M	75x	as long as short
MEXC TIA_USDTshort	+0.0100%	4h	0.4355	−0.125%	$10.3M	$14.5M	300x
KuCoin TIAUSDTM	+0.0100%	4h	0.4357	−0.079%	$4.2M	$10.5M	50x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4359	−0.033%	$4.4M	$4.2M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4356	−0.102%	—	$6.5M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4359	−0.033%	$58K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4354	−0.152%	$55K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4356	−0.102%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4354	−0.142%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4356	−0.102%	$1.5M	$730K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4407	+1.067%	$53K	$109K	50x	as long as short