Funding you earn now, next payment 09:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.046%
Price spread now: Bybit against Kraken Futures−0.100%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.100% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 37 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% 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 | 0.2226 | −0.0148 | get 0.0019% / 1h | 19m 12s | $80K | $70K | 20x |
| Short | Bybit THETAUSDT | 0.2224 | 0.0068 | get 0.0068% / 8h | 7h 19m | $3.0M | $2.8M | 75x |
Kraken Futures PF_THETAUSD
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $45.56
- Price spread: −0.100% → 0.000%
- −$9.95
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $14.6
- Costs to cover
- 0.210%
- Break-even
- 4.8 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: 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 Bybit live order book, 3 min ago | 4.49 bp | 25.2 bp −$25 | 103.2 bp −$1,032 | doesn't fit | 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 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 | −0.0319% | 8h | 0.2227 | +0.021% | $291K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSDlong | −0.0148% | 1h | 0.2226 | long leg | $80K | $70K | 20x | |
| BingX THETA-USDT | +0.0018% | 8h | 0.2226 | −0.010% | — | $2.5M | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.052% | $208 | $25K | 5.5x | as long as short |
| Bybit THETAUSDTshort | +0.0068% | 8h | 0.2224 | −0.100% | $3.0M | $2.8M | 75x | |
| Aster THETAUSDT | +0.0100% | 8h | 0.2228 | +0.084% | $16K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2226 | −0.010% | $3.1M | $6.2M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2225 | −0.055% | $624K | $1.4M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2227 | +0.035% | $374K | $153K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2225 | −0.055% | $1.4M | $563K | 100x | as long as short |
Variational Omni THETA
BingX THETA-USDT
Injective THETA/USDC PERP
Aster THETAUSDT
Binance THETAUSDT
OKX THETA-USDT-SWAP
Gate THETA_USDT
MEXC THETA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2226 | −0.010% | $1.0M | $417K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2225 | −0.055% | $1.2M | $890K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2225 | −0.055% | $154K | $195K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT