THETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0601%/8h= +65.8% APRnext payment +$6.01 per $10,000 · paid last 24h +0.096%

Price spread now: Bitget against Variational Omni+0.459%7-day average +0.108% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.162%+$16 on $10k

Price spread, last 3 days (all we have)−0.536%−$54 · spread now +0.459%, 7d avg +0.108%

Together, before fees−0.374%+ Points / potential airdropVariational Omni: Active · farm board−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bitget is 0.351% dearer against Variational Omni than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.108%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.162% in total (about 17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.01 per $10,000. 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	0.2245	−0.0501	get 0.0501% / 8h	7h 59m	$293K	$74K	—
Short	Bitget THETAUSDT	0.2255	0.0100	get 0.0100% / 8h	7h 59m	$1.3M	$633K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.459%Rate

Funding earned: $126.27
Price spread: +0.459% → +0.108%: $35.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $149.33
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 15 min ago; Bitget: live order book, 7 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 Variational Omni RFQ quote, 15 min ago	6.71 bp	doesn't fit	91.7 bp −$917	doesn't fit	doesn't fit
Sell Bitget live order book, 7 min ago	2.23 bp	28.2 bp −$28	82.3 bp −$823	doesn't fit	doesn't fit

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
Kraken Futures PF_THETAUSD	−0.1008%	1h	0.2250	+0.230%	$82K	$58K	20x	as long as short
Variational Omni THETAlong	−0.0501%	8h	0.2245	long leg	$293K	$74K	—
BingX THETA-USDT	+0.0008%	8h	0.2250	+0.236%	—	$2.4M	—	as long as short
OKX THETA-USDT-SWAP	+0.0019%	8h	0.2251	+0.281%	$669K	$1.4M	20x	as long as short
Injective THETA/USDC PERP	+0.0033%	1h	0.2136	−4.842%	$208	$25K	5.5x	as long as short
Aster THETAUSDT	+0.0100%	8h	0.2251	+0.281%	$8K	$3K	5x	as long as short
Binance THETAUSDT	+0.0100%	8h	0.2253	+0.370%	$3.2M	$5.0M	75x	as long as short
Bybit THETAUSDT	+0.0100%	8h	0.2250	+0.241%	$3.0M	$2.1M	75x	as long as short
Gate THETA_USDT	+0.0100%	8h	0.2251	+0.281%	$377K	$116K	50x	as long as short
MEXC THETA_USDT	+0.0100%	8h	0.2253	+0.370%	$1.5M	$573K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	0.2254	+0.414%	$1.1M	$200K	50x	as long as short
Bitget THETAUSDTshort	+0.0100%	8h	0.2255	+0.459%	$1.3M	$633K	50x
BloFin THETA-USDT	+0.0220%	8h	0.2253	+0.370%	$159K	$189K	75x	as long as short