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: Gate against Binance−0.090%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1571.572% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.090%, 7d avg −0.026%
Together, before fees+0.092%+$9 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 0.064% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22330.0100pay 0.0100% / 8h6h 47m$3.1M$4.8M75x
ShortGate THETA_USDT0.22310.0100get 0.0100% / 8h6h 47m$381K$120K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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: −0.090% → −0.026%
−$6.4
Slippage, 4 orders
−$132.2
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$163.6
Costs to cover
1.572%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; Gate: live order book, 17 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 Binance live order book, 5 min ago4.49 bp18.9 bp −$1980.2 bp −$8024358.9 bp −$435.9Kdoesn't fit
Sell Gate live order book, 17 min ago4.45 bp65.9 bp −$66doesn'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−0.0395%8h0.2227−0.284%$291K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.344%$208$25K5.5xas long as short
BingX THETA-USDT+0.0058%8h0.2231−0.090%$2.4Mas long as short
OKX THETA-USDT-SWAP+0.0090%8h0.2230−0.134%$658K$1.3M20xas long as short
Aster THETAUSDT+0.0100%8h0.2233+0.021%$8K$3K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2233long leg$3.1M$4.8M75x
Bybit THETAUSDT+0.0100%8h0.2231−0.090%$2.9M$2.0M75xas long as short
Gate THETA_USDTshort+0.0100%8h0.2231−0.090%$381K$120K50x
MEXC THETA_USDT+0.0100%8h0.2231−0.090%$1.4M$569K100xas long as short
KuCoin THETAUSDTM+0.0100%8h0.22330.000%$1.2M$231K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget THETAUSDT+0.0100%8h0.2234+0.045%$1.3M$606K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2236+0.134%$159K$175K75xas long as short
Kraken Futures PF_THETAUSD+0.0432%1h0.2231−0.104%$81K$55K20xas long as short