Funding you earn now, next payment 02:00 UTC−0.0328%/8h= −36.0% APRpaid last 24h −0.045%
Price spread now: Binance against Kraken Futures+0.129%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Binance is 0.129% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.089% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.7% 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 | Kraken Futures PF_THETAUSD | 0.2248 | 0.0428 | pay 0.0054% / 1h | 19m 35s | $82K | $55K | 20x |
| Short | Binance THETAUSDT | 0.2251 | 0.0100 | get 0.0100% / 8h | 6h 19m | $3.2M | $4.7M | 75x |
Kraken Futures PF_THETAUSD
Binance THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$68.97
- Price spread: +0.129% → 0.000%
- $12.91
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$76.06
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 3 min ago. Net counts fees only.
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 Binance live order book, 3 min ago | 2.22 bp | 18.8 bp −$19 | 63.9 bp −$639 | 428.4 bp −$42.8K | 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 12 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 | −0.0319% | 8h | 0.2250 | +0.093% | $294K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.982% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2248 | 0.000% | — | $2.4M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2251 | +0.136% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDTshort | +0.0100% | 8h | 0.2251 | +0.129% | $3.2M | $4.7M | 75x | |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2247 | −0.044% | $3.0M | $2.0M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2247 | −0.044% | $658K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2250 | +0.089% | $381K | $122K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2251 | +0.134% | $1.4M | $573K | 100x | as long as short |
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2253 | +0.223% | $1.2M | $243K | 50x | as long as short |
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
Aster THETAUSDT
Bybit THETAUSDT
OKX THETA-USDT-SWAP
Gate THETA_USDT
MEXC THETA_USDT
KuCoin THETAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget THETAUSDT | +0.0100% | 8h | 0.2250 | +0.089% | $1.3M | $609K | 50x | as long as short |
| Kraken Futures PF_THETAUSDlong | +0.0428% | 1h | 0.2248 | long leg | $82K | $55K | 20x |
Bitget THETAUSDT