Funding you earn now, next payment 00:00 UTC+0.0771%/8h= +84.4% APRnext payment +$7.71 per $10,000 · paid last 24h +0.096%
Price spread now: Bybit against Variational Omni−0.135%7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.162%+$16 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.135%, 7d avg +0.004%
=Together, before fees+0.141%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.140% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of +0.004%). If the spread goes back, that is −$14 on $10k: about 15 hours of funding at the current rate (+$23 a day). At the pace of the last 3 days (+0.162% in total) that is about 2.8 days.
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 18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.71 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 | 0.2230 | −0.0671 | get 0.0671% / 8h | 1h 29m | $292K | $74K | — |
| Short | Bybit THETAUSDT | 0.2227 | 0.0100 | get 0.0100% / 8h | 1h 29m | $2.9M | $2.1M | 75x |
Variational Omni THETA
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. 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
- $161.82
- Price spread: −0.135% → +0.004%
- −$13.97
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $136.85
- Costs to cover
- 0.110%
- Break-even
- 1.1 days
Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Bybit: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, 54 min ago | 8.93 bp | doesn't fit | 111.6 bp −$1,116 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.48 bp | 18.0 bp −$18 | 99.6 bp −$996 | 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 | −0.1010% | 1h | 0.2232 | +0.062% | $81K | $58K | 20x | as long as short |
| Variational Omni THETAlong | −0.0671% | 8h | 0.2230 | long leg | $292K | $74K | — | |
| OKX THETA-USDT-SWAP | −0.0072% | 8h | 0.2229 | −0.055% | $663K | $1.3M | 20x | as long as short |
| BingX THETA-USDT | −0.0069% | 8h | 0.2229 | −0.055% | — | $2.4M | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.225% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2231 | +0.036% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2231 | +0.035% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2227 | −0.135% | $2.9M | $2.1M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2229 | −0.055% | $372K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2231 | +0.035% | $1.4M | $585K | 100x | as long as short |
Kraken Futures PF_THETAUSD
OKX THETA-USDT-SWAP
BingX THETA-USDT
Injective THETA/USDC PERP
Aster THETAUSDT
Binance THETAUSDT
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 | 0.2231 | +0.035% | $987K | $122K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2234 | +0.169% | $1.3M | $671K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2233 | +0.125% | $161K | $190K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT