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

THETA

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0839%/8h= +91.9% APRpaid last 24h +0.076%
Price spread now: Injective against Variational Omni−4.302%46s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Injective is 4.302% cheaper against Variational Omni than usual: you would sell low and buy high (spread −4.302% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$430 on $10k: about 17 days of funding at the current rate (+$25 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni THETA0.2232−0.0806get 0.0806% / 8h2h 48m$246K$30K
ShortInjective THETA/USDC PERP0.21360.0033get 0.0004% / 1h48m 29s$208$25K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$176.19
Price spread: −4.302% → 0.000%
−$430.16
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$253.99
Costs to cover
0.000%
Break-even
17.1 days
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; Injective: 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 Variational Omni RFQ quote, 40 min ago8.94 bpdoesn't fit102.9 bp −$1,029doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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
Variational Omni THETAlong−0.0806%8h0.2232long leg$246K$30K
Kraken Futures PF_THETAUSD−0.0342%1h0.2241+0.386%$82K$58K20xas long as short
OKX THETA-USDT-SWAP−0.0066%8h0.2235+0.134%$644K$1.3M20xas long as short
BingX THETA-USDT−0.0062%8h0.2237+0.224%$2.4Mas long as short
Injective THETA/USDC PERPshort+0.0033%1h0.2136−4.302%$208$25K5.5x
Aster THETAUSDT+0.0100%8h0.2243+0.482%$8K$5K5xas long as short
Binance THETAUSDT+0.0100%8h0.2237+0.224%$3.2M$4.8M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2235+0.134%$2.9M$2.0M75xas long as short
Gate THETA_USDT+0.0100%8h0.2241+0.403%$375K$138K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2240+0.358%$1.5M$595K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2242+0.448%$958K$116K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2241+0.403%$1.3M$679K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2239+0.313%$162K$192K75xas long as short