Funding you earn now, next payment 00:00 UTC−0.0157%/8h= −17.2% APRnext payment −$1.57 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.089%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1191.187% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 7 days+0.165%+$17 · spread now −0.089%, 7d avg +0.075%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.164% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.075%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit THETAUSDT | 0.2241 | 0.0100 | pay 0.0100% / 8h | 2h 23m | $2.9M | $2.0M | 75x |
| Short | OKX THETA-USDT-SWAP | 0.2239 | −0.0057 | pay 0.0057% / 8h | 2h 23m | $646K | $1.3M | 20x |
Bybit THETAUSDT
OKX THETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$32.94
- Price spread: −0.089% → +0.075%
- −$16.43
- Slippage, 4 orders
- −$97.67
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$168.05
- Costs to cover
- 1.187%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 3 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 Bybit live order book, 4 min ago | 2.24 bp | 21.4 bp −$21 | 87.6 bp −$876 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 4.47 bp | 33.0 bp −$33 | 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 | −0.0771% | 8h | 0.2237 | −0.160% | $280K | $62K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0342% | 1h | 0.2244 | +0.124% | $82K | $58K | 20x | as long as short |
| BingX THETA-USDT | −0.0065% | 8h | 0.2241 | 0.000% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAPshort | −0.0057% | 8h | 0.2239 | −0.089% | $646K | $1.3M | 20x | |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.685% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2243 | +0.080% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2241 | +0.017% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDTlong | +0.0100% | 8h | 0.2241 | long leg | $2.9M | $2.0M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2241 | 0.000% | $375K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2242 | +0.045% | $1.5M | $598K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
BingX THETA-USDT
Injective THETA/USDC PERP
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 | 0.2243 | +0.089% | $979K | $116K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2242 | +0.045% | $1.3M | $677K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2238 | −0.134% | $162K | $191K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT