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: Gate against Binance−0.094%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2242.235% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 4 days (all we have)−0.291%−$29 · spread now −0.094%, 7d avg −0.025%
Together, before fees−0.219%−$22 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: Gate is 0.069% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22230.0100pay 0.0100% / 8h2h 56m$3.2M$4.7M75x
ShortGate THETA_USDT0.22210.0100get 0.0100% / 8h2h 56m$372K$137K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.094% → −0.025%
−$6.94
Slippage, 4 orders
−$198.51
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$230.44
Costs to cover
2.235%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Gate: live order book, 28 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, 11 min ago4.48 bp18.8 bp −$1972.3 bp −$7233805.2 bp −$380.5Kdoesn't fit
Sell Gate live order book, 28 min ago8.97 bp128.2 bp −$128doesn't fitdoesn'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
Variational Omni THETA−0.0797%8h0.2224+0.020%$233K$16Kas long as short
Kraken Futures PF_THETAUSD−0.0345%1h0.2224+0.061%$81K$58K20xas long as short
OKX THETA-USDT-SWAP−0.0059%8h0.2219−0.184%$639K$1.3M20xas long as short
BingX THETA-USDT−0.0048%8h0.2220−0.139%$2.4Mas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−3.918%$208$25K5.5xas long as short
Bybit THETAUSDT+0.0098%8h0.2219−0.184%$2.8M$1.9M75xas long as short
Aster THETAUSDT+0.0100%8h0.2223+0.007%$8K$5K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2223long leg$3.2M$4.7M75x
Gate THETA_USDTshort+0.0100%8h0.2221−0.094%$372K$137K50x
MEXC THETA_USDT+0.0100%8h0.2223−0.004%$1.5M$594K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2222−0.049%$955K$111K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2223−0.004%$1.4M$663K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2223−0.004%$162K$190K75xas long as short