THETA

Alert

Funding spread now, next payment 18:00 UTC+0.0664%/8h

paid, last 24h+0.073%paid, last 3 days+0.095%to open and closeno order book

Long on Variational Omni Short on Injective

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.095% in total (about 11.3% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni THETA	0.2213	−0.0631	get 0.0631% / 8h	6h 22m	$229K	$14K	—
Short	Injective THETA/USDC PERP	0.2136	0.0033	get 0.0004% / 1h	22m 25s	$208	$58K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee InjectivebpOrdersRate

Funding earned: $139.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $139.47
Break-even: 0.0 days

Slippage unknown: Variational Omni: RFQ quote, 18 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −3.463%
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 Variational Omni RFQ quote, 18 min ago	9.04 bp	doesn't fit	347.9 bp −$3,479	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni THETAlong	−0.0631%	8h	$229K	$14K	—
Kraken Futures PF_THETAUSD	−0.0323%	1h	$81K	$57K	20x	as long as short
Injective THETA/USDC PERPshort	+0.0033%	1h	$208	$58K	5.5x
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	$4.7M	75x	as long as short
Bybit THETAUSDT	+0.0100%	8h	$2.8M	$1.9M	75x	as long as short
OKX THETA-USDT-SWAP	+0.0100%	8h	$624K	$1.2M	20x	as long as short
Gate THETA_USDT	+0.0100%	8h	$371K	$143K	50x	as long as short
MEXC THETA_USDT	+0.0100%	8h	$1.3M	$649K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	$930K	$93K	50x	as long as short
Bitget THETAUSDT	+0.0100%	8h	$1.3M	$610K	50x	as long as short
BloFin THETA-USDT	+0.0220%	8h	$166K	$175K	75x	as long as short