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Funding arb · Price arb /

THETA

all THETA markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC−0.0249%/8h= −27.2% APRpaid last 24h −0.046%
Price spread now: Kraken Futures against Binance−0.001%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BinanceShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.153%+$15 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.153%, 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 0.153% in total (about 8.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22250.0100pay 0.0100% / 8h7h 49m$3.1M$6.2M75x
ShortKraken Futures PF_THETAUSD0.2225−0.0149pay 0.0019% / 1h49m 40s$80K$70K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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

Funding earned
−$52.2
Price spread: −0.001% → 0.000%
−$0.14
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$72.34
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 4 min ago; Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago2.25 bp21.4 bp −$2189.4 bp −$8944670.2 bp −$467.0Kdoesn't fit
Sell Kraken Futures no order-book sample—————
Kraken Futures: 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.

THETA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni THETA−0.0264%8h0.2223−0.106%$290K$74K—as long as short
Kraken Futures PF_THETAUSDshort−0.0149%1h0.2225−0.001%$80K$70K20x
Injective THETA/USDC PERP+0.0033%1h0.2136−4.000%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2225+0.007%$16K$19K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2225long leg$3.1M$6.2M75x
Bybit THETAUSDT+0.0100%8h0.2222−0.135%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2224−0.045%$619K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.2224−0.045%$372K$151K50xas long as short
MEXC THETA_USDT+0.0100%8h0.22250.000%$1.4M$558K100xas long as short
KuCoin THETAUSDTM+0.0100%8h0.2226+0.045%$1.0M$418K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget THETAUSDT+0.0100%8h0.22250.000%$1.2M$878K50xas long as short
BingX THETA-USDT+0.0100%8h0.22250.000%—$2.5M—as long as short
BloFin THETA-USDT+0.0220%8h0.22250.000%$155K$194K75xas long as short