Funding you earn now, next payment 00:00 UTC−0.0627%/8h= −68.7% APRnext payment −$6.27 per $10,000 · paid last 24h −0.096%
Price spread now: Variational Omni against Bybit−0.144%7-day average −0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.162%−$16 on $10k
+Price spread, last 3 days (all we have)+0.283%+$28 · spread now −0.144%, 7d avg −0.006%
=Together, before fees+0.121%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Variational Omni is 0.138% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.162% in total (about -17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit THETAUSDT | 0.2235 | 0.0100 | pay 0.0100% / 8h | 6m 33s | $2.9M | $2.1M | 75x |
| Short | Variational Omni THETA | 0.2232 | −0.0527 | pay 0.0527% / 8h | 6m 33s | $292K | $74K | — |
Bybit THETAUSDT
Variational Omni THETAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$131.77
- Price spread: −0.144% → −0.006%
- −$13.83
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$156.6
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 6 min ago; Variational Omni: RFQ quote, 7 min ago. 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, 6 min ago | 4.48 bp | 21.3 bp −$21 | 68.4 bp −$684 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 7 min ago | 6.71 bp | doesn't fit | 42.5 bp −$425 | 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 THETAshort | −0.0527% | 8h | 0.2232 | −0.144% | $292K | $74K | — | |
| Kraken Futures PF_THETAUSD | −0.0164% | 1h | 0.2238 | +0.135% | $82K | $58K | 20x | as long as short |
| BingX THETA-USDT | −0.0002% | 8h | 0.2237 | +0.094% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAP | +0.0004% | 8h | 0.2236 | +0.049% | $666K | $1.4M | 20x | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.425% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2240 | +0.216% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2238 | +0.160% | $3.2M | $5.0M | 75x | as long as short |
| Bybit THETAUSDTlong | +0.0100% | 8h | 0.2235 | long leg | $2.9M | $2.1M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2238 | +0.139% | $375K | $135K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2238 | +0.139% | $1.5M | $605K | 100x | as long as short |
Kraken Futures PF_THETAUSD
BingX THETA-USDT
OKX THETA-USDT-SWAP
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 | 0.2240 | +0.228% | $1.1M | $176K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2239 | +0.183% | $1.3M | $714K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2238 | +0.139% | $160K | $188K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT