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

THETA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h −0.082%
Price spread now: BingX against Kraken Futures+0.064%7-day average · you sell dearer than you buy
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 7 days−0.191%−$19 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.064% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_THETAUSD0.2256−0.0163get 0.0020% / 1h48m 29s$82K$58K20x
ShortBingX THETA-USDT0.2257−0.0026pay 0.0026% / 8h48m 29s$2.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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
$28.74
Price spread: +0.064% → 0.000%
$6.35
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
$15.09
Costs to cover
0.200%
Break-even
3.3 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 1 min ago. 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 Kraken Futures no order-book sample
Sell BingX live order book, 1 min ago2.22 bp26.8 bp −$2761.9 bp −$619321.5 bp −$32.2K471.3 bp −$235.6K
Kraken Futures: 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−0.0544%8h0.2259+0.140%$295K$74Kas long as short
Kraken Futures PF_THETAUSDlong−0.0163%1h0.2256long leg$82K$58K20x
BingX THETA-USDTshort−0.0026%8h0.2257+0.064%$2.4M
OKX THETA-USDT-SWAP−0.0021%8h0.2254−0.069%$667K$1.4M20xas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.301%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2257+0.079%$8K$3K5xas long as short
Binance THETAUSDT+0.0100%8h0.2256+0.039%$3.2M$4.9M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2253−0.114%$2.9M$2.1M75xas long as short
Gate THETA_USDT+0.0100%8h0.2258+0.108%$377K$131K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2257+0.064%$1.4M$586K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2258+0.108%$1.0M$122K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2258+0.108%$1.4M$720K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2261+0.241%$161K$189K75xas long as short