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Funding arb · Price arb /

THETA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0297%/8h= +32.5% APRnext payment +$2.97 per $10,000 · paid last 24h +0.148%
Price spread now: KuCoin against Variational Omni+0.062%7-day average +0.093% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.222%+$22 on $10k
Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.062%, 7d avg +0.093%
Together, before fees+0.055%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.031% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.062% now, against its 7-day average of +0.093%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni THETA0.2235−0.0197get 0.0197% / 8h2h 04m$292K$74K—
ShortKuCoin THETAUSDTM0.22360.0100get 0.0100% / 8h2h 04m$1.0M$418K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$62.34
Price spread: +0.062% → +0.093%
−$3.12
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$47.23
Costs to cover
0.120%
Break-even
1.7 days
Slippage unknown: Variational Omni: RFQ quote, 44 min ago; KuCoin: live order book, 5 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, 44 min ago8.87 bpdoesn't fit84.3 bp −$843doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago8.96 bp55.8 bp −$56133.5 bp −$1,335doesn't fitdoesn't fit

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_THETAUSD−0.0408%1h0.2237+0.115%$88K$64K20xas long as short
Variational Omni THETAlong−0.0197%8h0.2235long leg$292K$74K—
Injective THETA/USDC PERP+0.0033%1h0.2136−4.413%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2237+0.107%—$2.5M—as long as short
Aster THETAUSDT+0.0100%8h0.2237+0.112%$17K$19K5xas long as short
Binance THETAUSDT+0.0100%8h0.2237+0.107%$3.2M$6.2M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2234−0.014%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2236+0.062%$626K$1.5M20xas long as short
Gate THETA_USDT+0.0100%8h0.2237+0.107%$375K$166K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2237+0.107%$1.4M$594K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMshort+0.0100%8h0.2236+0.062%$1.0M$418K50x
Bitget THETAUSDT+0.0100%8h0.2238+0.152%$1.2M$869K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2237+0.107%$154K$193K75xas long as short