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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.006%
Price spread now: OKX against BingX+0.045%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1111.109% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 7 days−0.011%−$1 · spread now +0.045%, 7d avg +0.008%
Together, before fees+0.046%+$5 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: OKX is 0.037% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX THETA-USDT0.2232−0.0070get 0.0070% / 8h2h 30m$2.4M
ShortOKX THETA-USDT-SWAP0.2233−0.0069pay 0.0069% / 8h2h 30m$641K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against BingX. 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
$0.26
Price spread: +0.045% → +0.008%
$3.72
Slippage, 4 orders
−$90.86
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$106.89
Costs to cover
1.109%
Break-even
2938.6 days
Slippage from BingX: live order book, 9 min ago; OKX: 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 BingX live order book, 9 min ago6.73 bp26.1 bp −$2656.1 bp −$561382.4 bp −$38.2K509.3 bp −$254.6K
Sell OKX live order book, 2 min ago2.24 bp30.8 bp −$31doesn'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−0.0791%8h0.2231−0.049%$274K$57Kas long as short
Kraken Futures PF_THETAUSD−0.0343%1h0.2235+0.114%$81K$58K20xas long as short
BingX THETA-USDTlong−0.0070%8h0.2232long leg$2.4M
OKX THETA-USDT-SWAPshort−0.0069%8h0.2233+0.045%$641K$1.3M20x
Injective THETA/USDC PERP+0.0033%1h0.2136−4.301%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2234+0.098%$8K$5K5xas long as short
Binance THETAUSDT+0.0100%8h0.2232+0.002%$3.2M$4.8M75xas long as short
Bybit THETAUSDT+0.0100%8h0.22320.000%$2.9M$2.0M75xas long as short
Gate THETA_USDT+0.0100%8h0.2233+0.045%$373K$139K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2233+0.045%$1.5M$597K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2235+0.134%$976K$116K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2233+0.045%$1.3M$678K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2233+0.045%$161K$191K75xas long as short