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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.029%
Price spread now: Injective against BloFin−4.558%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 4.558% cheaper against BloFin than usual: you would sell low and buy high (−$456 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin THETA-USDT0.22380.0220pay 0.0220% / 8h2h 25m$162K$192K75x
ShortInjective THETA/USDC PERP0.21360.0033get 0.0004% / 1h25m 31s$208$25K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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
−$39.2
Price spread: −4.558% → 0.000%
−$455.76
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$506.98
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 56 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 56 min ago4.48 bp14.9 bp −$1534.2 bp −$342280.4 bp −$28.0Kdoesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%8h0.2231−0.317%$274K$57Kas long as short
Kraken Futures PF_THETAUSD−0.0342%1h0.2243+0.201%$82K$58K20xas long as short
BingX THETA-USDT−0.0065%8h0.22380.000%$2.4Mas long as short
OKX THETA-USDT-SWAP−0.0059%8h0.22380.000%$646K$1.3M20xas long as short
Injective THETA/USDC PERPshort+0.0033%1h0.2136−4.558%$208$25K5.5x
Aster THETAUSDT+0.0100%8h0.2240+0.109%$8K$5K5xas long as short
Binance THETAUSDT+0.0100%8h0.2240+0.089%$3.2M$4.8M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2239+0.045%$2.9M$2.0M75xas long as short
Gate THETA_USDT+0.0100%8h0.2239+0.045%$374K$139K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2240+0.089%$1.5M$597K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2241+0.134%$978K$116K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2240+0.089%$1.3M$677K50xas long as short
BloFin THETA-USDTlong+0.0220%8h0.2238long leg$162K$192K75x