Funding you earn now, next payment 12:00 UTC−0.0256%/8h= −28.0% APRpaid last 24h −0.100%
Price spread now: Kraken Futures against Bitget+0.051%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.051% dearer against Bitget than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.177%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget THETAUSDT | 0.2210 | 0.0100 | pay 0.0100% / 8h | 4h 25m | $1.2M | $877K | 50x |
| Short | Kraken Futures PF_THETAUSD | 0.2211 | −0.0156 | pay 0.0020% / 1h | 25m 33s | $79K | $66K | 20x |
Bitget THETAUSDT
Kraken Futures PF_THETAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$53.79
- Price spread: +0.051% → 0.000%
- $5.13
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$70.65
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 9 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 9 min ago | 4.52 bp | 15.5 bp −$15 | 55.0 bp −$550 | doesn't fit | doesn'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 exchanges
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 THETA | −0.0413% | 8h | 0.2209 | −0.050% | $289K | $62K | — | as long as short |
| Kraken Futures PF_THETAUSDshort | −0.0156% | 1h | 0.2211 | +0.051% | $79K | $66K | 20x | |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −3.348% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2209 | −0.045% | — | $2.5M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2209 | −0.055% | $16K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2209 | −0.045% | $3.1M | $5.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2208 | −0.090% | $3.0M | $3.0M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2207 | −0.136% | $609K | $1.2M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2210 | 0.000% | $373K | $141K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2208 | −0.090% | $1.3M | $518K | 100x | as long as short |
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
Aster THETAUSDT
Binance THETAUSDT
Bybit THETAUSDT
OKX THETA-USDT-SWAP
Gate THETA_USDT
MEXC THETA_USDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2211 | +0.045% | $1.0M | $412K | 50x | as long as short |
| Bitget THETAUSDTlong | +0.0100% | 8h | 0.2210 | long leg | $1.2M | $877K | 50x | |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2208 | −0.090% | $153K | $172K | 75x | as long as short |
KuCoin THETAUSDTM
BloFin THETA-USDT