Funding you earn now, next payment 00:00 UTC−0.0135%/8h= −14.7% APRnext payment −$1.35 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget−0.089%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 7 days+0.098%+$10 · spread now −0.089%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.080% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget THETAUSDT | 0.2246 | 0.0100 | pay 0.0100% / 8h | 56m 36s | $1.3M | $704K | 50x |
| Short | OKX THETA-USDT-SWAP | 0.2244 | −0.0035 | pay 0.0035% / 8h | 56m 36s | $666K | $1.4M | 20x |
Bitget THETAUSDT
OKX THETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- −$28.28
- Price spread: −0.089% → −0.009%
- −$7.97
- Slippage, 4 orders
- −$81.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$139.4
- Costs to cover
- 1.032%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 5 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 Bitget live order book, 5 min ago | 4.47 bp | 21.6 bp −$22 | 76.6 bp −$766 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.24 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
THETA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni THETA | −0.0576% | 8h | 0.2233 | −0.592% | $291K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0164% | 1h | 0.2244 | −0.083% | $82K | $58K | 20x | as long as short |
| BingX THETA-USDT | −0.0041% | 8h | 0.2246 | 0.000% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAPshort | −0.0035% | 8h | 0.2244 | −0.089% | $666K | $1.4M | 20x | |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.898% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2248 | +0.091% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2246 | +0.004% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2244 | −0.076% | $2.9M | $2.1M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2246 | 0.000% | $375K | $129K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2246 | 0.000% | $1.4M | $585K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
BingX THETA-USDT
Injective THETA/USDC PERP
Aster THETAUSDT
Binance THETAUSDT
Bybit THETAUSDT
Gate THETA_USDT
MEXC THETA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2246 | 0.000% | $994K | $122K | 50x | as long as short |
| Bitget THETAUSDTlong | +0.0100% | 8h | 0.2246 | long leg | $1.3M | $704K | 50x | |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2238 | −0.356% | $161K | $187K | 75x | as long as short |
KuCoin THETAUSDTM
BloFin THETA-USDT