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

THETA

all THETA markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0635%/8h= +69.5% APRnext payment +$6.35 per $10,000 · paid last 24h +0.090%
Price spread now: BingX against Variational Omni−0.221%7-day average +0.073% · 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 3 days (all we have)+0.138%+$14 on $10k
Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.221%, 7d avg +0.073%
Together, before fees+0.185%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.294% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of +0.073%). If the spread goes back, that is −$29 on $10k: about 37 hours of funding at the current rate (+$19 a day). At the pace of the last 3 days (+0.138% in total) that is about 6.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.138% in total (about 15.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni THETA0.2235−0.0725get 0.0725% / 8h2h 05m$292K$74K
ShortBingX THETA-USDT0.2230−0.0090pay 0.0090% / 8h2h 05m$2.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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

Funding earned
$133.34
Price spread: −0.221% → +0.073%
−$29.38
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
$93.96
Costs to cover
0.100%
Break-even
2.1 days
Slippage unknown: Variational Omni: RFQ quote, 18 min ago; BingX: live order book, 13 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 Variational Omni RFQ quote, 18 min ago8.93 bpdoesn't fit111.6 bp −$1,116doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago6.70 bp21.3 bp −$2153.2 bp −$532310.2 bp −$31.0K493.6 bp −$246.8K

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
Variational Omni THETAlong−0.0725%8h0.2235long leg$292K$74K
Kraken Futures PF_THETAUSD−0.0343%1h0.2233−0.102%$81K$58K20xas long as short
OKX THETA-USDT-SWAP−0.0098%8h0.2228−0.311%$645K$1.3M20xas long as short
BingX THETA-USDTshort−0.0090%8h0.2230−0.221%$2.4M
Injective THETA/USDC PERP+0.0033%1h0.2136−4.427%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2232−0.120%$8K$5K5xas long as short
Binance THETAUSDT+0.0100%8h0.2229−0.266%$3.2M$4.8M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2227−0.355%$2.9M$2.0M75xas long as short
Gate THETA_USDT+0.0100%8h0.2233−0.087%$373K$139K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2230−0.221%$1.4M$601K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2234−0.042%$975K$116K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2232−0.132%$1.3M$676K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2234−0.042%$162K$191K75xas long as short