Funding arb · Price arb /

TIA

all TIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.071%

Price spread now: Variational Omni against Kraken Futures−0.420%7-day average −0.086% · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.064%−$6 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.420%, 7d avg −0.086%

Together, before fees+0.069%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.334% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.420% now, against its 7-day average of −0.086%). If the spread goes back, that is −$33 on $10k: about 3.5 days of funding at the current rate (+$9 a day). Mind the row above: over the last 3 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.064% in total (about -7.2% 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	0.4325	−0.0229	get 0.0029% / 1h	47m 37s	$354K	$242K	50x
Short	Variational Omni TIA	0.4307	0.0087	get 0.0044% / 4h	1h 47m	$101K	$84K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.420%Rate

Funding earned: $66.39
Price spread: −0.420% → −0.086%: −$33.37
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $23.02
Costs to cover: 0.100%
Break-even: 4.6 days

Slippage unknown: Kraken Futures: live order book, 35 min ago; Variational Omni: RFQ quote, 46 min ago. 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, 35 min ago	14.97 bp	22.7 bp −$23	65.9 bp −$659	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 46 min ago	4.65 bp	doesn't fit	32.5 bp −$325	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
Kraken Futures PF_TIAUSDlong	−0.0229%	1h	0.4325	long leg	$354K	$242K	50x
KuCoin TIAUSDTM	−0.0034%	4h	0.4326	+0.028%	$4.2M	$8.5M	50x	as long as short
Gate TIA_USDT	−0.0018%	4h	0.4327	+0.051%	$994K	$1.8M	75x	as long as short
OKX TIA-USDT-SWAP	−0.0012%	4h	0.4324	−0.018%	$2.7M	$5.9M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4325	+0.005%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4326	+0.028%	$1K	—	150x	as long as short
Bybit TIAUSDT	+0.0054%	4h	0.4325	+0.005%	$9.5M	$13.2M	50x	as long as short
Variational Omni TIAshort	+0.0087%	4h	0.4307	−0.420%	$101K	$84K	—
Lighter TIA	+0.0096%	1h	0.4331	+0.146%	$128K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4323	−0.041%	$5K	$361K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid TIA	+0.0100%	1h	0.4333	+0.183%	$4.2M	$1.5M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4328	+0.066%	$35K	$267K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4327	+0.051%	$14.2M	$41.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4328	+0.074%	$14.1M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4326	+0.028%	$4.5M	$3.5M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4327	+0.051%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4324	−0.025%	$100K	$150K	10x	as long as short
ApeX Omni TIAUSDT	+0.0100%	1h	0.4315	−0.226%	$49K	$237K	50x	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4324	−0.018%	$64K	$41K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4324	−0.022%	$57K	$171K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4322	−0.069%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0106%	1h	0.4324	−0.018%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4322	−0.075%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0216%	1h	0.4330	+0.121%	$47K	$74K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4317	−0.180%	$1.0M	$541K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0457% / S −0.3505%	1h	0.4326	+0.030%	$35K	—	100x	as long as short
dYdX TIA-USD	+0.0662%	1h	0.4329	+0.087%	$51K	$59	10x	as long as short