Funding you earn now, next payment 00:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h −0.076%
Price spread now: Bybit against Kraken Futures−0.080%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.080% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 24 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment. 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 | Kraken Futures PF_THETAUSD | 0.2255 | −0.0163 | get 0.0020% / 1h | 52m 24s | $82K | $58K | 20x |
| Short | Bybit THETAUSDT | 0.2253 | 0.0100 | get 0.0100% / 8h | 52m 24s | $3.0M | $2.1M | 75x |
Kraken Futures PF_THETAUSD
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Kraken Futures. 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
- $55.2
- Price spread: −0.080% → 0.000%
- −$8.03
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $26.18
- Costs to cover
- 0.210%
- Break-even
- 3.7 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 5 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 4.46 bp | 22.2 bp −$22 | 71.0 bp −$710 | doesn't fit | doesn't fit |
Kraken Futures: 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni THETA | −0.0554% | 8h | 0.2243 | −0.533% | $293K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSDlong | −0.0163% | 1h | 0.2255 | long leg | $82K | $58K | 20x | |
| BingX THETA-USDT | −0.0039% | 8h | 0.2255 | −0.009% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAP | −0.0026% | 8h | 0.2253 | −0.098% | $670K | $1.4M | 20x | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.286% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2258 | +0.131% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2256 | +0.039% | $3.2M | $4.9M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2253 | −0.080% | $3.0M | $2.1M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2256 | +0.035% | $377K | $129K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2256 | +0.035% | $1.4M | $586K | 100x | as long as short |
Variational Omni THETA
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 | 0.2258 | +0.124% | $1.0M | $122K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2258 | +0.124% | $1.4M | $706K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2251 | −0.187% | $161K | $188K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT