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

THETA

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotTHETAUSDT
0.1437spotno funding——$461K1xBuy Binance Spot
SHORT
BinanceTHETAUSDT
0.1435+0.0100get 0.0100% / 8h7h 44m$1.9M$3.7M75xShort Binance
Price gap−0.143%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.041% under its 7d average: −$4 if it goes back, about 33 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$15+0.0100% /8h now · paid +0.154% over the last 7D
Price−$4spread −0.143% now, avg −0.102% → −0.041% if it goes back
Costs−$1211.210% of $10k · taker + slippage, in and out
Result−$110−1.10%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.143%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

THETA on 11 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size46.0 / 22.4 bp
    At $10k entering Binance Spot costs 46.0 bp, fee and slippage, 2.1× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Binance settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, +$3.00.
  • Watch: Gap narrower than usual−0.143% vs −0.102%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$1.9M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0074%/8h × 21 periods+$15.44
Price spread−0.143% → −0.102% (7d avg)−$4.11
Slippage, 4 orderslive order books−$90.98
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$109.65
Costs to cover1.210%Break-even56.7 days
Slippage: Binance Spot: live order book, 14 min ago; Binance: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot6.8946.0 bp−$461574.5 bp−$15.7Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance3.4522.4 bp−$2267.4 bp−$674435.7 bp−$43.6Kdoesn’t fit

Closing costs about the same again.

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