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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.1110%/8h= −121.5% APRpaid last 24h +0.066%
Price spread now: Kraken Futures against MEXC+0.091%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+0.108%+$11 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Kraken Futures is 0.091% dearer against MEXC than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.108%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC THETA_USDT0.22440.0100pay 0.0100% / 8h7h 33m$1.5M$578K100x
ShortKraken Futures PF_THETAUSD0.2246−0.1010pay 0.0126% / 1h33m 16s$82K$55K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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
−$233.04
Price spread: +0.091% → 0.000%
$9.1
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$237.94
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 3 min ago; Kraken Futures: 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 MEXC live order book, 3 min ago2.23 bp10.6 bp −$1130.9 bp −$309173.4 bp −$17.3K326.1 bp −$163.0K
Sell Kraken Futures no order-book sample
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
Kraken Futures PF_THETAUSDshort−0.1010%1h0.2246+0.091%$82K$55K20x
Variational Omni THETA−0.0461%8h0.2241−0.127%$293K$74Kas long as short
BingX THETA-USDT+0.0022%8h0.2242−0.089%$2.4Mas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.813%$208$25K5.5xas long as short
OKX THETA-USDT-SWAP+0.0039%8h0.2241−0.134%$666K$1.3M20xas long as short
Aster THETAUSDT+0.0100%8h0.2245+0.024%$8K$3K5xas long as short
Binance THETAUSDT+0.0100%8h0.2244−0.002%$3.2M$4.9M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2240−0.178%$3.0M$2.1M75xas long as short
Gate THETA_USDT+0.0100%8h0.2242−0.089%$377K$118K50xas long as short
MEXC THETA_USDTlong+0.0100%8h0.2244long leg$1.5M$578K100x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2246+0.089%$1.2M$228K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2245+0.045%$1.3M$626K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2247+0.134%$160K$176K75xas long as short