THETA

Alert: funding

Alert: spread

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: Injective against Kraken Futures−6.081%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. Injective is 6.081% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −6.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$608 on $10k: about 40 days of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_THETAUSD	0.2274	−0.0470	get 0.0059% / 1h	26m 33s	$83K	$55K	20x
Short	Injective THETA/USDC PERP	0.2136	0.0033	get 0.0004% / 1h	26m 33s	$208	$25K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersPrice spread, now −6.081%Rate

Funding earned: $105.64
Price spread: −6.081% → 0.000%: −$608.07
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$512.45
Costs to cover: 0.100%
Break-even: 41.0 days

Slippage unknown: Kraken Futures: no order-book sample; Injective: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Kraken Futures and 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
Kraken Futures PF_THETAUSDlong	−0.0470%	1h	0.2274	long leg	$83K	$55K	20x
Variational Omni THETA	−0.0247%	8h	0.2272	−0.121%	$297K	$74K	—	as long as short
Injective THETA/USDC PERPshort	+0.0033%	1h	0.2136	−6.081%	$208	$25K	5.5x
BingX THETA-USDT	+0.0070%	8h	0.2278	+0.163%	—	$2.4M	—	as long as short
Aster THETAUSDT	+0.0100%	8h	0.2276	+0.071%	$8K	$4K	5x	as long as short
Binance THETAUSDT	+0.0100%	8h	0.2279	+0.190%	$3.2M	$4.8M	75x	as long as short
Bybit THETAUSDT	+0.0100%	8h	0.2276	+0.075%	$3.1M	$2.1M	75x	as long as short
OKX THETA-USDT-SWAP	+0.0100%	8h	0.2278	+0.163%	$649K	$1.3M	20x	as long as short
Gate THETA_USDT	+0.0100%	8h	0.2275	+0.031%	$397K	$129K	50x	as long as short
MEXC THETA_USDT	+0.0100%	8h	0.2277	+0.119%	$1.5M	$556K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	0.2276	+0.075%	$1.1M	$306K	50x	as long as short
Bitget THETAUSDT	+0.0100%	8h	0.2279	+0.207%	$1.3M	$612K	50x	as long as short
BloFin THETA-USDT	+0.0220%	8h	0.2278	+0.163%	$161K	$178K	75x	as long as short