Funding you earn now, next payment 03:00 UTC−0.0503%/8h= −55.1% APRnext payment −$0.63 per $10,000 · paid last 24h +0.065%
Price spread now: Kraken Futures against Injective+6.450%63s7-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
The price spread pays, funding is against you. Kraken Futures is 6.450% dearer against Injective than usual: you sell high and buy low (spread +6.450% now, against zero (this spread has no 7-day history yet)): +$645 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 43 days. The two prices were read 63 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 | 28m 21s | $208 | $25K | 5.5x |
| Short | Kraken Futures PF_THETAUSD | 0.2274 | −0.0470 | pay 0.0059% / 1h | 28m 21s | $83K | $55K | 20x |
Injective THETA/USDC PERP
Kraken Futures PF_THETAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$105.66
- Price spread: +6.450% → 0.000%
- $644.97
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $529.29
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Injective and 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_THETAUSDshort | −0.0470% | 1h | 0.2274 | +6.450% | $83K | $55K | 20x | |
| Variational Omni THETA | −0.0247% | 8h | 0.2272 | +6.345% | $297K | $74K | — | as long as short |
| Injective THETA/USDC PERPlong | +0.0033% | 1h | 0.2136 | long leg | $208 | $25K | 5.5x | |
| BingX THETA-USDT | +0.0070% | 8h | 0.2272 | +6.367% | — | $2.4M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2273 | +6.405% | $8K | $4K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2273 | +6.414% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2270 | +6.278% | $3.1M | $2.1M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2272 | +6.367% | $657K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2273 | +6.414% | $397K | $129K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2272 | +6.367% | $1.5M | $556K | 100x | as long as short |
Variational Omni THETA
BingX THETA-USDT
Aster THETAUSDT
Binance THETAUSDT
Bybit THETAUSDT
OKX THETA-USDT-SWAP
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 | 0.2272 | +6.367% | $1.1M | $306K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2275 | +6.507% | $1.3M | $611K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2276 | +6.554% | $162K | $177K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT