Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Bybit against Injective+6.742%108s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 6.742% dearer against Injective than usual: you sell high and buy low: +$674 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 108 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 | Injective THETA/USDC PERP | 0.2136 | 0.0033 | pay 0.0004% / 1h | 31m 26s | $208 | $25K | 5.5x |
| Short | Bybit THETAUSDT | 0.2280 | 0.0100 | get 0.0100% / 8h | 3h 31m | $3.1M | $2.2M | 75x |
Injective THETA/USDC PERP
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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: +6.742% → 0.000%
- $674.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $677.14
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 1 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 4.41 bp | 19.5 bp −$19 | 77.0 bp −$770 | doesn't fit | doesn't fit |
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 | −0.0591% | 1h | 0.2275 | +6.528% | $83K | $34K | 20x | as long as short |
| Variational Omni THETA | −0.0227% | 8h | 0.2239 | +4.827% | $293K | $74K | — | as long as short |
| Injective THETA/USDC PERPlong | +0.0033% | 1h | 0.2136 | long leg | $208 | $25K | 5.5x | |
| BingX THETA-USDT | +0.0070% | 8h | 0.2281 | +6.788% | — | $2.4M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2287 | +7.057% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2286 | +7.022% | $3.3M | $5.1M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2280 | +6.742% | $3.1M | $2.2M | 75x | |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2279 | +6.695% | $639K | $1.4M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2273 | +6.414% | $384K | $138K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2287 | +7.069% | $1.4M | $584K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
BingX THETA-USDT
Aster THETAUSDT
Binance THETAUSDT
OKX THETA-USDT-SWAP
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 | 0.2275 | +6.507% | $1.1M | $334K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2283 | +6.882% | $1.3M | $685K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2266 | +6.086% | $159K | $181K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT