Settings8H · net · $10k
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Funding arb · Price arb / Crypto

THETA

All THETA markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotTHETA-USDT
0.1436spotno funding——$247K1xBuy OKX Spot
SHORT
OKXTHETA-USDT-SWAP
0.1431+0.0036get 0.0036% / 8h7h 42m$449K$595K20xShort OKX
Price gap−0.383%
Funding gap+0.0036% /8h

Funding pays +$1 a day on $10k, but the gap is 0.136% under its 7d average: −$14 if it goes back, about 13 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$14+0.0036% /8h now · paid +0.141% over the last 7D
Price−$14spread −0.383% now, avg −0.247% → −0.136% if it goes back
Costs−$1881.878% of $10k · taker + slippage, in and out
Result−$187−1.87%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.383%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

THETA on 11 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size66.9 / 28.5 bp
    At $10k entering OKX Spot costs 66.9 bp, fee and slippage, 2.3× OKX’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; OKX runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; OKX settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$1.07Long OKX Spot: 0 payments, $0.00; short OKX: 3 payments, +$1.07.
  • Watch: Gap narrower than usual−0.383% vs −0.247%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$449K OI
    OKX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Spot Yes · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0067%/8h × 21 periods+$14.06
Price spread−0.383% → −0.247% (7d avg)−$13.60
Slippage, 4 orderslive order books−$157.81
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$187.36
Costs to cover1.878%Break-even100.3 days
Slippage: OKX Spot: live order book, 17 min ago; OKX: live order book, 36 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot10.3666.9 bp−$67doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX6.7828.5 bp−$29doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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