Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0492%/8hpaid last 24h −0.076%

Price spread now: Kraken Futures against MEXC+0.115%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.115%, 7d avg +0.041%

Together, before fees+0.332%+$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.073% dearer against MEXC than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.041%): +$7 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.339%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.339% in total (about 17.7% 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	MEXC TIA_USDT	0.4322	0.0100	pay 0.0050% / 4h	3h 59m	$9.2M	$5.5M	300x
Short	Kraken Futures PF_TIAUSD	0.4327	−0.0392	pay 0.0049% / 1h	59m 00s	$361K	$233K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$103.41
Price spread: +0.115% → +0.041%: $7.32
Slippage, 4 orders: −$31.8
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$137.89
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 33 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 MEXC live order book, 3 min ago	1.16 bp	2.0 bp −$2	6.9 bp −$69	55.4 bp −$5,537	129.3 bp −$64.6K
Sell Kraken Futures live order book, 33 min ago	3.47 bp	18.1 bp −$18	77.9 bp −$779	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_TIAUSDshort	−0.0392%	1h	0.4327	+0.115%	$361K	$233K	50x
Gate TIA_USDT	−0.0158%	4h	0.4322	0.000%	$982K	$1.8M	75x	as long as short
KuCoin TIAUSDTM	−0.0002%	4h	0.4319	−0.069%	$4.2M	$8.8M	50x	as long as short
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4326	+0.093%	$36K	$22K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4327	+0.108%	$1K	—	150x	as long as short
ApeX Omni TIAUSDT	+0.0049%	1h	0.4315	−0.162%	$48K	$234K	50x	as long as short
OKX TIA-USDT-SWAP	+0.0069%	4h	0.4320	−0.046%	$2.7M	$5.7M	50x	as long as short
Lighter TIA	+0.0096%	1h	0.4328	+0.148%	$123K	$351K	10x	as long as short
Orderly PERP_TIA_USDC	+0.0100%	4h	0.4325	+0.069%	$5K	$357K	10x	as long as short
Hyperliquid TIA	+0.0100%	1h	0.4327	+0.113%	$4.2M	$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	0.4324	+0.049%	$30K	$266K	10x	as long as short
Binance TIAUSDT	+0.0100%	4h	0.4322	+0.009%	$14.2M	$40.5M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4321	−0.023%	$9.4M	$12.5M	50x	as long as short
MEXC TIA_USDTlong	+0.0100%	4h	0.4322	long leg	$9.2M	$5.5M	300x
Bitget TIAUSDT	+0.0100%	4h	0.4322	0.000%	$4.4M	$3.6M	75x	as long as short
BingX TIA-USDC	+0.0100%	4h	0.4322	0.000%	—	$6.5M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4324	+0.053%	$99K	$156K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4311	−0.244%	$95K	$74K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4326	+0.093%	$74K	$14K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4321	−0.033%	$88K	$145K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4324	+0.045%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0144%	1h	0.4329	+0.162%	$26K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0178%	1h	0.4323	+0.022%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4333	+0.255%	$49K	$70K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4324	+0.046%	$934K	$471K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0396% / S −0.2692%	1h	0.4327	+0.114%	$28K	—	100x	as long as short
dYdX TIA-USD	+0.0673%	1h	0.4323	+0.022%	$51K	$59	10x	as long as short