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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance−0.132%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1241.244% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 7 days+0.140%+$14 · spread now −0.132%, 7d avg −0.022%
Together, before fees+0.154%+$15 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: KuCoin is 0.110% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22740.0100pay 0.0100% / 8h5h 33m$3.2M$4.8M75x
ShortKuCoin THETAUSDTM0.22710.0100get 0.0100% / 8h5h 33m$1.1M$306K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.132% → −0.022%
−$10.97
Slippage, 4 orders
−$102.42
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$135.39
Costs to cover
1.244%
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago2.21 bp21.1 bp −$2177.6 bp −$7763778.3 bp −$377.8Kdoesn't fit
Sell KuCoin live order book, 2 min ago4.41 bp49.1 bp −$49120.5 bp −$1,205doesn'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−0.0470%1h0.2275+0.055%$83K$55K20xas long as short
Variational Omni THETA−0.0258%8h0.2260−0.613%$295K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−6.069%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.22740.000%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2272−0.083%$8K$4K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2274long leg$3.2M$4.8M75x
Bybit THETAUSDT+0.0100%8h0.2273−0.044%$3.1M$2.1M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2273−0.044%$655K$1.3M20xas long as short
Gate THETA_USDT+0.0100%8h0.22740.000%$397K$129K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2273−0.044%$1.5M$556K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMshort+0.0100%8h0.2271−0.132%$1.1M$306K50x
Bitget THETAUSDT+0.0100%8h0.22740.000%$1.3M$610K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2272−0.088%$162K$177K75xas long as short