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 −0.004%

Price spread now: Kraken Futures against KuCoin+0.051%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1041.037% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.338%+$34 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now +0.051%, 7d avg +0.062%

Together, before fees+0.584%+$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.338%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TIAUSDTM	0.4360	0.0100	pay 0.0050% / 4h	1h 43m	$4.2M	$10.5M	50x
Short	Kraken Futures PF_TIAUSD	0.4362	0.0083	get 0.0010% / 1h	43m 53s	$369K	$227K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$3.64
Price spread: +0.051% → +0.062%: −$1.05
Slippage, 4 orders: −$81.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$108.35
Costs to cover: 1.037%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Kraken Futures: 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 KuCoin live order book, 3 min ago	2.29 bp	17.4 bp −$17	77.4 bp −$774	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	10.31 bp	31.8 bp −$32	70.2 bp −$702	doesn't fit	doesn't fit

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	−0.059%	$5K	—	100x	as long as short
Injective TIA/USDC PERP	−0.0275%	1h	0.4374	+0.321%	$83K	$165K	12x	as long as short
Bybit TIAUSDT	−0.0204%	4h	0.4359	−0.023%	$9.7M	$14.4M	50x	as long as short
ApeX Omni TIAUSDT	−0.0001%	1h	0.4361	+0.023%	$50K	$219K	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4362	+0.046%	$32K	$20K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4358	−0.044%	$1K	—	150x	as long as short
Backpack TIA_USDC_PERP	+0.0069%	1h	0.4361	+0.014%	$101K	$176K	10x	as long as short
dYdX TIA-USD	+0.0082%	1h	0.4357	−0.069%	$52K	$139	10x	as long as short
Kraken Futures PF_TIAUSDshort	+0.0083%	1h	0.4362	+0.051%	$369K	$227K	50x
Variational Omni TIA	+0.0084%	4h	0.4358	−0.037%	$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	0.4364	+0.099%	$152K	$472K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0097%	4h	0.4359	−0.023%	$6K	$183K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4364	+0.094%	$4.6M	$1.7M	5x	as long as short
Aster TIAUSDT	+0.0100%	4h	0.4359	−0.021%	$31K	$237K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4361	+0.025%	$14.1M	$48.6M	75x	as long as short
OKX TIA-USDT-SWAP	+0.0100%	4h	0.4358	−0.046%	$2.7M	$6.7M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4359	−0.023%	$999K	$1.7M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4361	+0.023%	$10.3M	$14.5M	300x	as long as short
KuCoin TIAUSDTMlong	+0.0100%	4h	0.4360	long leg	$4.2M	$10.5M	50x
Bitget TIAUSDT	+0.0100%	4h	0.4357	−0.069%	$4.4M	$4.2M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4358	−0.046%	—	$14.6M	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4357	−0.069%	$58K	$75K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4357	−0.079%	$55K	$210K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4359	−0.034%	$7K	—	3x	as long as short
Reya TIARUSDPERP	+0.0182%	1h	0.4354	−0.132%	$6K	—	15x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4356	−0.092%	$1.5M	$730K	75x	as long as short
Coinbase International TIA-PERP-INTX	+0.0400%	1h	0.4407	+1.078%	$53K	$109K	50x	as long as short