Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Bybit−5.143%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.143% cheaper against Bybit than usual: you would sell low and buy high (−$514 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 78 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 | Bybit THETAUSDT | 0.2252 | 0.0100 | pay 0.0100% / 8h | 7h 13m | $3.0M | $2.0M | 75x |
| Short | Injective THETA/USDC PERP | 0.2136 | 0.0033 | get 0.0004% / 1h | 13m 59s | $208 | $25K | 5.5x |
Bybit THETAUSDT
Injective THETA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: −5.143% → 0.000%
- −$514.26
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$539.28
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Injective: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 3 min ago | 4.46 bp | 23.1 bp −$23 | 72.0 bp −$720 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_THETAUSD | −0.1006% | 1h | 0.2255 | +0.153% | $82K | $55K | 20x | as long as short |
| Variational Omni THETA | −0.0435% | 8h | 0.2245 | −0.317% | $293K | $74K | — | as long as short |
| Injective THETA/USDC PERPshort | +0.0033% | 1h | 0.2136 | −5.143% | $208 | $25K | 5.5x | |
| BingX THETA-USDT | +0.0037% | 8h | 0.2251 | −0.036% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAP | +0.0061% | 8h | 0.2249 | −0.124% | $672K | $1.3M | 20x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2249 | −0.125% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2253 | +0.053% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDTlong | +0.0100% | 8h | 0.2252 | long leg | $3.0M | $2.0M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2248 | −0.169% | $379K | $118K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2252 | +0.009% | $1.5M | $580K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
BingX THETA-USDT
OKX THETA-USDT-SWAP
Aster THETAUSDT
Binance 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 | 0.2252 | +0.009% | $1.2M | $230K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2250 | −0.080% | $1.3M | $612K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2249 | −0.124% | $160K | $175K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT