THETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0627%/8h= +68.7% APRnext payment +$6.27 per $10,000 · paid last 24h +0.096%

Price spread now: Bybit against Variational Omni+0.194%7-day average +0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.162%+$16 on $10k

Price spread, last 3 days (all we have)−0.333%−$33 · spread now +0.194%, 7d avg +0.006%

Together, before fees−0.170%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bybit is 0.188% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.006%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.162% in total (about 17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.27 per $10,000. 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	Variational Omni THETA	0.2232	−0.0527	get 0.0527% / 8h	9m 49s	$292K	$74K	—
Short	Bybit THETAUSDT	0.2236	0.0100	get 0.0100% / 8h	9m 49s	$2.9M	$2.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BybitbpOrdersPrice spread, now +0.194%Rate

Funding earned: $131.77
Price spread: +0.194% → +0.006%: $18.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $139.55
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bybit: live order book, 2 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 Variational Omni RFQ quote, 4 min ago	6.71 bp	doesn't fit	91.7 bp −$917	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.48 bp	19.3 bp −$19	64.5 bp −$645	doesn't fit	doesn't fit

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 THETAlong	−0.0527%	8h	0.2232	long leg	$292K	$74K	—
Kraken Futures PF_THETAUSD	−0.0164%	1h	0.2241	+0.421%	$82K	$58K	20x	as long as short
BingX THETA-USDT	−0.0002%	8h	0.2240	+0.373%	—	$2.4M	—	as long as short
OKX THETA-USDT-SWAP	+0.0002%	8h	0.2238	+0.283%	$667K	$1.4M	20x	as long as short
Injective THETA/USDC PERP	+0.0033%	1h	0.2136	−4.287%	$208	$25K	5.5x	as long as short
Aster THETAUSDT	+0.0100%	8h	0.2240	+0.373%	$8K	$3K	5x	as long as short
Binance THETAUSDT	+0.0100%	8h	0.2240	+0.375%	$3.2M	$5.0M	75x	as long as short
Bybit THETAUSDTshort	+0.0100%	8h	0.2236	+0.194%	$2.9M	$2.1M	75x
Gate THETA_USDT	+0.0100%	8h	0.2237	+0.239%	$375K	$135K	50x	as long as short
MEXC THETA_USDT	+0.0100%	8h	0.2240	+0.373%	$1.4M	$603K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	0.2241	+0.418%	$1.1M	$175K	50x	as long as short
Bitget THETAUSDT	+0.0100%	8h	0.2241	+0.418%	$1.3M	$714K	50x	as long as short
BloFin THETA-USDT	+0.0220%	8h	0.2238	+0.283%	$160K	$187K	75x	as long as short