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Funding arb · Price arb /

THETA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0314%/8h= −34.4% APRnext payment −$3.14 per $10,000 · paid last 24h −0.148%
Price spread now: Variational Omni against Bitget−0.333%7-day average −0.115% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.222%−$22 on $10k
Price spread, last 4 days (all we have)+0.376%+$38 · spread now −0.333%, 7d avg −0.115%
Together, before fees+0.153%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.219% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.115%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget THETAUSDT0.22150.0100pay 0.0100% / 8h1h 30m$1.2M$876K50x
ShortVariational Omni THETA0.2208−0.0214pay 0.0214% / 8h1h 30m$289K$74K—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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
−$65.94
Price spread: −0.333% → −0.115%
−$21.86
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$99.79
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 5 min ago; Variational Omni: RFQ quote, 13 min ago. 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 Bitget live order book, 5 min ago2.26 bp26.6 bp −$2775.6 bp −$756doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 13 min ago9.01 bpdoesn't fit94.6 bp −$946doesn't fitdoesn't fit

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_THETAUSD−0.0667%1h0.2215+0.013%$87K$62K20xas long as short
Variational Omni THETAshort−0.0214%8h0.2208−0.333%$289K$74K—
Injective THETA/USDC PERP+0.0033%1h0.2136−3.567%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2213−0.090%—$2.5M—as long as short
Aster THETAUSDT+0.0100%8h0.2215−0.007%$16K$19K5xas long as short
Binance THETAUSDT+0.0100%8h0.2215−0.010%$3.1M$6.2M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2212−0.126%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2213−0.090%$616K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.22150.000%$371K$158K50xas long as short
MEXC THETA_USDT+0.0100%8h0.22150.000%$1.4M$591K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2213−0.090%$1.0M$419K50xas long as short
Bitget THETAUSDTlong+0.0100%8h0.2215long leg$1.2M$876K50x
BloFin THETA-USDT+0.0220%8h0.22150.000%$155K$192K75xas long as short