Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Bybit against Injective+4.213%78s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 4.213% dearer against Injective than usual: you sell high and buy low: +$421 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective THETA/USDC PERP | 0.2136 | 0.0033 | pay 0.0004% / 1h | 4m 06s | $208 | $25K | 5.5x |
| Short | Bybit THETAUSDT | 0.2226 | 0.0100 | get 0.0100% / 8h | 2h 04m | $2.9M | $2.0M | 75x |
Injective THETA/USDC PERP
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $14
- Price spread: +4.213% → 0.000%
- $421.35
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $424.33
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 4.49 bp | 20.1 bp −$20 | 72.6 bp −$726 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni THETA | −0.0721% | 8h | 0.2227 | +4.256% | $291K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0344% | 1h | 0.2231 | +4.439% | $81K | $58K | 20x | as long as short |
| OKX THETA-USDT-SWAP | −0.0096% | 8h | 0.2227 | +4.260% | $645K | $1.3M | 20x | as long as short |
| BingX THETA-USDT | −0.0090% | 8h | 0.2229 | +4.354% | — | $2.4M | — | as long as short |
| Injective THETA/USDC PERPlong | +0.0033% | 1h | 0.2136 | long leg | $208 | $25K | 5.5x | |
| Aster THETAUSDT | +0.0100% | 8h | 0.2229 | +4.352% | $8K | $2K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2229 | +4.377% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2226 | +4.213% | $2.9M | $2.0M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2231 | +4.448% | $373K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2229 | +4.354% | $1.4M | $604K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
OKX THETA-USDT-SWAP
BingX THETA-USDT
Aster THETAUSDT
Binance THETAUSDT
Gate THETA_USDT
MEXC THETA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2232 | +4.494% | $975K | $116K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2232 | +4.494% | $1.3M | $676K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2229 | +4.354% | $162K | $190K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT