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Funding arb · Price arb /

THETA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0763%/8h= +83.6% APRpaid last 24h −0.014%
Price spread now: OKX against Kraken Futures−0.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.174%−$17 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$23 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.174%, 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 -0.174% in total (about -9.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_THETAUSD0.2228−0.0663get 0.0083% / 1h56m 03s$88K$64K20x
ShortOKX THETA-USDT-SWAP0.22280.0100get 0.0100% / 8h1h 56m$621K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$160.33
Price spread: −0.018% → 0.000%
−$1.83
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$138.5
Costs to cover
0.200%
Break-even
1.0 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell OKX live order book, 1 min ago4.49 bp40.6 bp −$41doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_THETAUSDlong−0.0663%1h0.2228long leg$88K$64K20x
Variational Omni THETA−0.0199%8h0.2231+0.120%$292K$74K—as long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.147%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2230+0.071%—$2.5M—as long as short
Aster THETAUSDT+0.0100%8h0.2231+0.136%$17K$19K5xas long as short
Binance THETAUSDT+0.0100%8h0.2228−0.037%$3.1M$6.2M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2226−0.108%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAPshort+0.0100%8h0.2228−0.018%$621K$1.5M20x
Gate THETA_USDT+0.0100%8h0.2232+0.161%$374K$158K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2228−0.018%$1.4M$589K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2228−0.018%$1.0M$418K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2228−0.018%$1.2M$863K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2232+0.161%$156K$193K75xas long as short