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Funding arb · Price arb /

THETA

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0770%/8hnext payment +$7.70 per $10,000 · paid last 24h +0.090%
Price spread now: BingX against Variational Omni+0.226%7-day average +0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on BingX
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)−0.829%−$83 · spread now +0.226%, 7d avg +0.069%
Together, before fees−0.690%+ Points / potential airdropVariational Omni: Active · farm board−$69 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and BingX is 0.157% dearer against Variational Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.069%.
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 16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.70 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 THETA0.2215−0.0736get 0.0736% / 8h4h 07m$230K$14K—
ShortBingX THETA-USDT0.22200.0034get 0.0034% / 8h4h 07m—$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
$161.68
Price spread: +0.226% → +0.069%
$15.69
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
$167.37
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 26 min ago; BingX: live order book, 2 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, 26 min ago11.33 bpdoesn't fit197.1 bp −$1,971doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago4.51 bp18.0 bp −$1854.6 bp −$546328.8 bp −$32.9K492.5 bp −$246.2K

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−0.0736%8h0.2215long leg$230K$14K—
Kraken Futures PF_THETAUSD−0.0099%1h0.2224+0.412%$81K$58K20xas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−3.566%$208$25K5.5xas long as short
BingX THETA-USDTshort+0.0034%8h0.2220+0.226%—$2.4M—
OKX THETA-USDT-SWAP+0.0057%8h0.2219+0.181%$621K$1.3M20xas long as short
Aster THETAUSDT+0.0100%8h0.2223+0.363%$8K$5K5xas long as short
Binance THETAUSDT+0.0100%8h0.2223+0.379%$3.2M$4.7M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2218+0.136%$2.8M$2.0M75xas long as short
Gate THETA_USDT+0.0100%8h0.2221+0.271%$372K$141K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2222+0.317%$1.3M$597K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2222+0.317%$919K$98K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2224+0.407%$1.4M$658K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2221+0.271%$163K$179K75xas long as short