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Funding arb · Price arb /

THETA

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0574%/8h= −62.8% APRpaid last 24h +0.045%
Price spread now: Kraken Futures against KuCoin−0.003%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 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: −$17 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.097%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.1% 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
LongKuCoin THETAUSDTM0.22550.0100pay 0.0100% / 8h5h 04m$1.1M$308K50x
ShortKraken Futures PF_THETAUSD0.2255−0.0474pay 0.0059% / 1h4m 54s$82K$55K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

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

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$120.48
Price spread: −0.003% → 0.000%
−$0.3
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$142.78
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 10 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 10 min ago2.20 bp36.5 bp −$36115.6 bp −$1,156doesn't fitdoesn't fit
Sell Kraken Futures no order-book sample—————
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_THETAUSDshort−0.0474%1h0.2255−0.003%$82K$55K20x
Variational Omni THETA−0.0212%8h0.2256+0.025%$295K$74K—as long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.277%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2256+0.044%—$2.4M—as long as short
Aster THETAUSDT+0.0100%8h0.2254−0.044%$8K$4K5xas long as short
Binance THETAUSDT+0.0100%8h0.22550.000%$3.2M$4.8M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2252−0.120%$3.1M$2.1M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2254−0.044%$640K$1.3M20xas long as short
Gate THETA_USDT+0.0100%8h0.2256+0.044%$393K$130K50xas long as short
MEXC THETA_USDT+0.0100%8h0.22550.000%$1.4M$564K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMlong+0.0100%8h0.2255long leg$1.1M$308K50x
Bitget THETAUSDT+0.0100%8h0.22550.000%$1.3M$614K50xas long as short
BloFin THETA-USDT+0.0220%8h0.22550.000%$161K$170K75xas long as short