THETA

Alert

Funding spread now, next payment 19:00 UTC+0.0532%/8h

paid, last 24h−0.122%paid, last 4 days−0.193%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.193% in total (about -18.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_THETAUSD	0.2224	−0.0432	get 0.0054% / 1h	20m 05s	$81K	$58K	20x
Short	Bybit THETAUSDT	0.2217	0.0100	get 0.0100% / 8h	5h 20m	$2.9M	$2.0M	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BybitbpOrdersRate

Funding earned: $111.75
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $90.75
Break-even: 1.3 days

Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.312%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	4.52 bp	23.1 bp −$23	151.4 bp −$1,514	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni THETA	−0.0673%	8h	$230K	$14K	—	as long as short
Kraken Futures PF_THETAUSDlong	−0.0432%	1h	$81K	$58K	20x
Injective THETA/USDC PERP	+0.0033%	1h	$208	$25K	5.5x	as long as short
BingX THETA-USDT	+0.0070%	8h	—	$2.4M	—	as long as short
Aster THETAUSDT	+0.0100%	8h	$8K	$5K	5x	as long as short
Binance THETAUSDT	+0.0100%	8h	$3.1M	$4.8M	75x	as long as short
Bybit THETAUSDTshort	+0.0100%	8h	$2.9M	$2.0M	75x
OKX THETA-USDT-SWAP	+0.0100%	8h	$623K	$1.3M	20x	as long as short
Gate THETA_USDT	+0.0100%	8h	$371K	$144K	50x	as long as short
MEXC THETA_USDT	+0.0100%	8h	$1.3M	$610K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	$919K	$96K	50x	as long as short
Bitget THETAUSDT	+0.0100%	8h	$1.4M	$655K	50x	as long as short
BloFin THETA-USDT	+0.0220%	8h	$165K	$179K	75x	as long as short