Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRnext payment −$1.03 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against KuCoin−0.179%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1471.467% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.179%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.140% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin THETAUSDTM | 0.2238 | 0.0100 | pay 0.0100% / 8h | 12m 17s | $1.0M | $175K | 50x |
| Short | OKX THETA-USDT-SWAP | 0.2234 | −0.0003 | pay 0.0003% / 8h | 12m 17s | $666K | $1.4M | 20x |
KuCoin THETAUSDTM
OKX THETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. 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
- −$21.59
- Price spread: −0.179% → −0.039%
- −$14
- Slippage, 4 orders
- −$124.69
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$182.27
- Costs to cover
- 1.467%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; OKX: live order book, 4 min ago.
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 KuCoin live order book, 2 min ago | 4.47 bp | 46.4 bp −$46 | 116.6 bp −$1,166 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 4.47 bp | 29.7 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni THETA | −0.0523% | 8h | 0.2237 | −0.059% | $292K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0164% | 1h | 0.2238 | −0.002% | $82K | $58K | 20x | as long as short |
| OKX THETA-USDT-SWAPshort | −0.0003% | 8h | 0.2234 | −0.179% | $666K | $1.4M | 20x | |
| BingX THETA-USDT | −0.0002% | 8h | 0.2235 | −0.134% | — | $2.4M | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.558% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2239 | +0.066% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2237 | −0.049% | $3.2M | $5.0M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2233 | −0.223% | $2.9M | $2.1M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2238 | 0.000% | $375K | $135K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2237 | −0.045% | $1.4M | $602K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
BingX THETA-USDT
Injective THETA/USDC PERP
Aster THETAUSDT
Binance THETAUSDT
Bybit THETAUSDT
Gate THETA_USDT
MEXC THETA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTMlong | +0.0100% | 8h | 0.2238 | long leg | $1.0M | $175K | 50x | |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2236 | −0.089% | $1.3M | $713K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2236 | −0.089% | $160K | $187K | 75x | as long as short |
Bitget THETAUSDT
BloFin THETA-USDT