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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bitget0.000%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$890.893% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.126%+$13 on $10k
Price spread, last 4 days (all we have)+0.096%+$10 · spread now 0.000%, 7d avg −0.013%
Together, before fees+0.222%+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget THETAUSDT0.22220.0100pay 0.0100% / 8h7h 39m$1.2M$878K50x
ShortBloFin THETA-USDT0.22220.0220get 0.0220% / 8h7h 39m$154K$194K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
$25.2
Price spread: 0.000% → −0.013%
$1.34
Slippage, 4 orders
−$65.28
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$62.74
Costs to cover
0.893%
Break-even
24.4 days
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 26 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 Bitget live order book, 2 min ago4.50 bp20.7 bp −$2179.1 bp −$791doesn't fitdoesn't fit
Sell BloFin live order book, 26 min ago2.25 bp20.4 bp −$2052.8 bp −$528241.2 bp −$24.1Kdoesn'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−0.0272%8h0.2219−0.151%$291K$74Kas long as short
Kraken Futures PF_THETAUSD−0.0149%1h0.2222+0.009%$80K$70K20xas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−3.870%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2224+0.086%$16K$19K5xas long as short
Binance THETAUSDT+0.0100%8h0.2221−0.035%$3.1M$6.2M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2218−0.180%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2221−0.045%$620K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.2225+0.135%$373K$151K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2221−0.045%$1.4M$559K100xas long as short
KuCoin THETAUSDTM+0.0100%8h0.2221−0.045%$1.0M$418K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget THETAUSDTlong+0.0100%8h0.2222long leg$1.2M$878K50x
BingX THETA-USDT+0.0100%8h0.2220−0.090%$2.5Mas long as short
BloFin THETA-USDTshort+0.0220%8h0.22220.000%$154K$194K75x