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: Bitget against KuCoin+0.044%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1191.194% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.052%−$5 on $10k
Price spread, last 7 days−0.053%−$5 · spread now +0.044%, 7d avg +0.015%
Together, before fees−0.104%−$10 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: Bitget is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin THETAUSDTM0.22510.0100pay 0.0100% / 8h3h 56m$1.1M$320K50x
ShortBitget THETAUSDT0.22520.0100get 0.0100% / 8h3h 56m$1.3M$672K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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: +0.044% → +0.015%
$2.91
Slippage, 4 orders
−$95.41
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$116.5
Costs to cover
1.194%
Break-even
never at this rate
Slippage from KuCoin: live order book, 8 min ago; Bitget: live order book, 4 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 KuCoin live order book, 8 min ago4.44 bp32.0 bp −$32123.3 bp −$1,233doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago4.44 bp17.4 bp −$1761.0 bp −$610doesn'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
Kraken Futures PF_THETAUSD−0.0596%1h0.2253+0.083%$82K$34K20xas long as short
Variational Omni THETA−0.0203%8h0.2253+0.094%$295K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.109%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2250−0.044%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2252+0.059%$8K$5K5xas long as short
Binance THETAUSDT+0.0100%8h0.2250−0.044%$3.1M$4.9M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2250−0.044%$3.1M$2.1M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2250−0.044%$629K$1.3M20xas long as short
Gate THETA_USDT+0.0100%8h0.22510.000%$380K$134K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2250−0.044%$1.4M$565K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMlong+0.0100%8h0.2251long leg$1.1M$320K50x
Bitget THETAUSDTshort+0.0100%8h0.2252+0.044%$1.3M$672K50x
BloFin THETA-USDT+0.0220%8h0.2256+0.222%$158K$180K75xas long as short