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: MEXC against Bybit+0.133%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$590.593% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 7 days−0.004%$0 · spread now +0.133%, 7d avg +0.089%
Together, before fees+0.008%+$1 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: MEXC is 0.044% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit THETAUSDT0.22480.0100pay 0.0100% / 8h6h 23m$3.0M$2.0M75x
ShortMEXC THETA_USDT0.22510.0100get 0.0100% / 8h6h 23m$1.4M$572K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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: +0.133% → +0.089%
$4.41
Slippage, 4 orders
−$44.33
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$54.93
Costs to cover
0.593%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 3 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 Bybit live order book, 4 min ago2.22 bp21.7 bp −$2269.0 bp −$690doesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago2.22 bp8.7 bp −$926.8 bp −$268144.5 bp −$14.4Kdoesn't fit

THETA on 12 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−0.0332%8h0.2254+0.250%$294K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.982%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2250+0.089%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2250+0.084%$8K$3K5xas long as short
Binance THETAUSDT+0.0100%8h0.2252+0.178%$3.2M$4.8M75xas long as short
Bybit THETAUSDTlong+0.0100%8h0.2248long leg$3.0M$2.0M75x
OKX THETA-USDT-SWAP+0.0100%8h0.2249+0.044%$660K$1.3M20xas long as short
Gate THETA_USDT+0.0100%8h0.2250+0.089%$381K$122K50xas long as short
MEXC THETA_USDTshort+0.0100%8h0.2251+0.133%$1.4M$572K100x
KuCoin THETAUSDTM+0.0100%8h0.2251+0.133%$1.2M$241K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget THETAUSDT+0.0100%8h0.2251+0.133%$1.3M$610K50xas long as short
Kraken Futures PF_THETAUSD+0.0428%1h0.2249+0.044%$82K$55K20xas long as short