Funding you earn now, next payment 03:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.039%
Price spread now: Kraken Futures against OKX+0.181%45s7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$820.825% of the position
Funding, last 7 days+0.369%+$37 on $10k
+Price spread, last 4 days (all we have)+0.411%+$41 · spread now +0.181%, 7d avg +0.099%
=The price spread pays, funding is against you. Kraken Futures is 0.082% dearer against OKX than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.099%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.369%, so the current rate has only just turned against you. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX TIA-USDT-SWAP | 0.4385 | 0.0100 | pay 0.0050% / 4h | 1h 02m | $2.8M | $6.1M | 50x |
| Short | Kraken Futures PF_TIAUSD | 0.4393 | 0.0075 | get 0.0009% / 1h | 2m 34s | $359K | $199K | 50x |
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$5.24
- Price spread: +0.181% → +0.099%
- $8.16
- Slippage, 4 orders
- −$62.46
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$79.55
- Costs to cover
- 0.825%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 60 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 OKX live order book, 5 min ago | 1.13 bp | 16.1 bp −$16 | 43.0 bp −$430 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 60 min ago | 15.88 bp | 28.8 bp −$29 | 76.6 bp −$766 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0135% | 4h | 0.4387 | +0.046% | $9.6M | $13.5M | 50x | as long as short |
| Variational Omni TIA | −0.0057% | 4h | 0.4393 | +0.174% | $103K | $85K | — | as long as short |
| KuCoin TIAUSDTM | −0.0032% | 4h | 0.4393 | +0.182% | $4.2M | $9.0M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4393 | +0.182% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4394 | +0.205% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0064% | 1h | 0.4396 | +0.251% | $49K | $231K | 50x | as long as short |
| Kraken Futures PF_TIAUSDshort | +0.0075% | 1h | 0.4393 | +0.181% | $359K | $199K | 50x | |
| Lighter TIA | +0.0096% | 1h | 0.4399 | +0.312% | $155K | $417K | 10x | as long as short |
| Hyperliquid TIA | +0.0100% | 1h | 0.4400 | +0.340% | $4.7M | $1.6M | 5x | as long as short |
| Aster TIAUSDT | +0.0100% | 4h | 0.4397 | +0.272% | $32K | $245K | 10x | as long as short |
Bybit TIAUSDT
Variational Omni TIA
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Lighter TIA
Hyperliquid TIA
Aster TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4392 | +0.151% | $14.4M | $42.9M | 75x | as long as short |
| OKX TIA-USDT-SWAPlong | +0.0100% | 4h | 0.4385 | long leg | $2.8M | $6.1M | 50x | |
| Gate TIA_USDT | +0.0100% | 4h | 0.4396 | +0.251% | $1.0M | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4395 | +0.228% | $11.9M | $6.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4390 | +0.114% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4394 | +0.205% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4393 | +0.192% | $101K | $153K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4391 | +0.137% | $5K | $288K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4393 | +0.182% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4390 | +0.123% | $55K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4392 | +0.160% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4386 | +0.030% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0191% | 1h | 0.4394 | +0.205% | $52K | $199 | 10x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4388 | +0.068% | $1.5M | $719K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0376% | 1h | 0.4418 | +0.753% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0493% / S −0.1196% | 1h | 0.4394 | +0.195% | $40K | — | 100x | as long as short |
| Injective TIA/USDC PERP | +0.0496% | 1h | 0.4415 | +0.684% | $26K | $10K | 12x | as long as short |
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Orderly PERP_TIA_USDC
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP