Settings8H · net · $10k
Funding arb · Price arb /

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0768%/8h= +84.1% APRpaid last 24h +0.003%
Price spread now: OKX against Kraken Futures−0.013%45s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.183%−$18 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$23 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.183%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_THETAUSD0.2214−0.0668get 0.0083% / 1h39m 27s$87K$63K20x
ShortOKX THETA-USDT-SWAP0.22140.0100get 0.0100% / 8h1h 39m$616K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$161.22
Price spread: −0.013% → 0.000%
−$1.34
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
$139.88
Costs to cover
0.200%
Break-even
0.9 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 2 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 Kraken Futures no order-book sample
Sell OKX live order book, 2 min ago2.26 bp41.2 bp −$41doesn't fitdoesn't fitdoesn'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: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_THETAUSDlong−0.0668%1h0.2214long leg$87K$63K20x
Variational Omni THETA−0.0215%8h0.2216+0.059%$290K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−3.536%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2214−0.013%$2.5Mas long as short
Aster THETAUSDT+0.0100%8h0.2218+0.150%$16K$19K5xas long as short
Binance THETAUSDT+0.0100%8h0.2216+0.077%$3.1M$6.2M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2213−0.077%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAPshort+0.0100%8h0.2214−0.013%$616K$1.4M20x
Gate THETA_USDT+0.0100%8h0.2218+0.167%$371K$158K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2215+0.032%$1.4M$590K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2215+0.032%$1.0M$419K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2216+0.077%$1.2M$873K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2217+0.122%$156K$192K75xas long as short