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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against KuCoin−0.177%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2382.381% 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 4 days (all we have)+0.140%+$14 · spread now −0.177%, 7d avg −0.014%
Together, before fees+0.193%+$19 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: Gate is 0.162% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin THETAUSDTM0.22640.0100pay 0.0100% / 8h50m 43s$1.0M$122K50x
ShortGate THETA_USDT0.22600.0100get 0.0100% / 8h50m 43s$378K$130K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.177% → −0.014%
−$16.23
Slippage, 4 orders
−$211.11
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$254.34
Costs to cover
2.381%
Break-even
never at this rate
Slippage from KuCoin: live order book, 19 min ago; Gate: live order book, 25 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, 19 min ago11.20 bp65.3 bp −$65116.5 bp −$1,165doesn't fitdoesn't fit
Sell Gate live order book, 25 min ago4.48 bp64.2 bp −$64doesn't fitdoesn'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
Variational Omni THETA−0.0554%8h0.2243−0.919%$293K$74Kas long as short
Kraken Futures PF_THETAUSD−0.0162%1h0.2263−0.042%$82K$58K20xas long as short
BingX THETA-USDT−0.0026%8h0.2262−0.088%$2.4Mas long as short
OKX THETA-USDT-SWAP−0.0022%8h0.2261−0.133%$671K$1.4M20xas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.654%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2263−0.023%$8K$3K5xas long as short
Binance THETAUSDT+0.0100%8h0.2264+0.003%$3.2M$4.9M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2261−0.133%$3.0M$2.1M75xas long as short
Gate THETA_USDTshort+0.0100%8h0.2260−0.177%$378K$130K50x
MEXC THETA_USDT+0.0100%8h0.2263−0.044%$1.4M$586K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMlong+0.0100%8h0.2264long leg$1.0M$122K50x
Bitget THETAUSDT+0.0100%8h0.22640.000%$1.4M$720K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2262−0.088%$161K$189K75xas long as short