THETA

Alert

Funding spread now, next payment 19:00 UTC−0.0229%/8h

paid, last 24h−0.218%paid, last 3 days−0.377%to open and closeno order book

Long on Kraken Futures Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_THETAUSD	0.2220	−0.0433	get 0.0054% / 1h	11m 36s	$81K	$58K	20x
Short	Variational Omni THETA	0.2218	−0.0662	pay 0.0662% / 8h	5h 11m	$230K	$14K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Variational OmnibpOrdersRate

Funding earned: −$48.14
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$58.14
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: RFQ quote, 24 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.070%
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 Variational Omni RFQ quote, 24 min ago	9.01 bp	doesn't fit	94.6 bp −$946	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 THETAshort	−0.0662%	8h	$230K	$14K	—
Kraken Futures PF_THETAUSDlong	−0.0433%	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 THETAUSDT	+0.0100%	8h	$2.9M	$2.0M	75x	as long as short
OKX THETA-USDT-SWAP	+0.0100%	8h	$622K	$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	$611K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	$918K	$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	$180K	75x	as long as short