Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.033%
Price spread now: Backpack against Lighter−0.071%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.526% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.071%, 7d avg −0.062%
=Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter TIA | 0.4345 | 0.0096 | pay 0.0012% / 1h | 19m 55s | $128K | $351K | 10x |
| Short | Backpack TIA_USDC_PERP | 0.4342 | 0.0100 | get 0.0013% / 1h | 19m 55s | $100K | $150K | 10x |
Lighter TIA
Backpack TIA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.071% → −0.062%
- −$0.9
- Slippage, 4 orders
- −$42.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$52.68
- Costs to cover
- 0.526%
- Break-even
- 446.0 days
Slippage from Lighter: live order book, 55 min ago; Backpack: live order book, 63 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 Lighter live order book, 55 min ago | 1.85 bp | 14.1 bp −$14 | 71.9 bp −$719 | 326.9 bp −$32.7K | doesn't fit |
| Sell Backpack live order book, 63 min ago | 1.61 bp | 16.5 bp −$16 | doesn't fit | 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_TIAUSD | −0.0228% | 1h | 0.4341 | −0.100% | $355K | $242K | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0110% | 4h | 0.4339 | −0.147% | $2.7M | $5.9M | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0032% | 4h | 0.4339 | −0.147% | $4.2M | $8.6M | 50x | as long as short |
| Gate TIA_USDT | −0.0024% | 4h | 0.4341 | −0.101% | $997K | $1.8M | 75x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4343 | −0.055% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4343 | −0.051% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0027% | 1h | 0.4327 | −0.423% | $49K | $236K | 50x | as long as short |
| Lighter TIAlong | +0.0096% | 1h | 0.4345 | long leg | $128K | $351K | 10x | |
| Orderly PERP_TIA_USDC | +0.0097% | 4h | 0.4340 | −0.124% | $5K | $362K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4348 | +0.058% | $4.3M | $1.5M | 5x | as long as short |
Kraken Futures PF_TIAUSD
OKX TIA-USDT-SWAP
KuCoin TIAUSDTM
Gate TIA_USDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Orderly PERP_TIA_USDC
Hyperliquid TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4342 | −0.076% | $35K | $267K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4343 | −0.055% | $14.6M | $42.1M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4341 | −0.101% | $9.5M | $13.2M | 50x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4343 | −0.055% | $14.1M | $6.8M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4340 | −0.124% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4340 | −0.124% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERPshort | +0.0100% | 1h | 0.4342 | −0.071% | $100K | $150K | 10x | |
| Variational Omni TIA | +0.0100% | 4h | 0.4337 | −0.183% | $101K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4340 | −0.124% | $65K | $42K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4340 | −0.132% | $57K | $168K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4340 | −0.113% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0106% | 1h | 0.4333 | −0.285% | $26K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4338 | −0.170% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0216% | 1h | 0.4344 | −0.032% | $47K | $74K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4340 | −0.124% | $1.1M | $557K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0457% / S −0.3505% | 1h | 0.4343 | −0.049% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0713% | 1h | 0.4343 | −0.045% | $52K | $59 | 10x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD