Settings8H · net · $10k
Funding arb · Price arb /

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance+0.022%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$890.892% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 7 days−0.065%−$7 · spread now +0.022%, 7d avg −0.009%
Together, before fees−0.105%−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.031% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22300.0100pay 0.0100% / 8h1h 17m$3.2M$4.8M75x
ShortBitget THETAUSDT0.22300.0100get 0.0100% / 8h1h 17m$1.3M$670K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.022% → −0.009%
$3.15
Slippage, 4 orders
−$67.16
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$86.01
Costs to cover
0.892%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago2.24 bp21.6 bp −$2285.7 bp −$8573480.1 bp −$348.0Kdoesn't fit
Sell Bitget live order book, 4 min ago2.24 bp23.8 bp −$2466.3 bp −$663doesn't fitdoesn't fit

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
Kraken Futures PF_THETAUSD−0.1010%1h0.2232+0.123%$81K$58K20xas long as short
Variational Omni THETA−0.0638%8h0.2229−0.035%$291K$74Kas long as short
OKX THETA-USDT-SWAP−0.0066%8h0.2226−0.157%$661K$1.3M20xas long as short
BingX THETA-USDT−0.0062%8h0.2229−0.022%$2.4Mas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.194%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2231+0.067%$8K$3K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2230long leg$3.2M$4.8M75x
Bybit THETAUSDT+0.0100%8h0.2226−0.139%$2.9M$2.1M75xas long as short
Gate THETA_USDT+0.0100%8h0.2229−0.022%$372K$139K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2229−0.022%$1.4M$587K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2230+0.022%$987K$122K50xas long as short
Bitget THETAUSDTshort+0.0100%8h0.2230+0.022%$1.3M$670K50x
BloFin THETA-USDT+0.0220%8h0.2231+0.067%$161K$187K75xas long as short