Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.004%

Price spread now: Deribit against KuCoin+0.046%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.046% dearer against KuCoin than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4390	0.0100	pay 0.0050% / 4h	51m 16s	$4.2M	$9.9M	50x
Short	Deribit TIA_USDC-PERPETUAL	0.4392	0	get 0.0000% / 1h	51m 16s	$31K	$25K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21
Price spread: +0.046% → 0.000%: $4.56
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.44
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Deribit: 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 KuCoin live order book, 7 min ago	1.14 bp	22.9 bp −$23	85.0 bp −$850	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 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
ApeX Omni TIAUSDT	−0.0303%	1h	0.4385	−0.114%	$50K	$224K	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0007%	1h	0.4391	+0.033%	$348K	$202K	50x	as long as short
Deribit TIA_USDC-PERPETUALshort	0.0000%	1h	0.4392	+0.046%	$31K	$25K	25x
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4394	+0.088%	$1K	—	150x	as long as short
Injective TIA/USDC PERP	+0.0014%	1h	0.4391	+0.023%	$24K	$12K	12x	as long as short
OKX TIA-USDT-SWAP	+0.0031%	4h	0.4388	−0.046%	$2.8M	$6.5M	50x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0034% / S +0.0055%	1h	0.4390	+0.006%	$6K	—	100x	as long as short
Lighter TIA	+0.0096%	1h	0.4395	+0.109%	$151K	$422K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4391	+0.023%	$7K	$240K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4400	+0.239%	$4.7M	$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	0.4392	+0.055%	$33K	$247K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4394	+0.088%	$13.8M	$47.7M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4391	+0.023%	$9.9M	$13.9M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4394	+0.091%	$1.0M	$1.9M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4392	+0.046%	$12.7M	$14.0M	300x	as long as short
KuCoin TIAUSDTMlong	+0.0100%	4h	0.4390	long leg	$4.2M	$9.9M	50x
Bitget TIAUSDT	+0.0100%	4h	0.4388	−0.046%	$4.3M	$3.9M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4391	+0.023%	—	$103.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4393	+0.066%	$101K	$171K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4371	−0.440%	$102K	$50K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4396	+0.137%	$59K	$73K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4386	−0.095%	$56K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4389	−0.018%	$7K	—	3x	as long as short
dYdX TIA-USD	+0.0119%	1h	0.4396	+0.140%	$52K	$139	10x	as long as short
Reya TIARUSDPERP	+0.0181%	1h	0.4393	+0.070%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4392	+0.046%	$1.6M	$709K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0432%	1h	0.4413	+0.524%	$48K	$87K	50x	as long as short