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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance−0.052%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1451.455% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 7 days−0.002%$0 · spread now −0.052%, 7d avg −0.022%
Together, before fees−0.001%$0 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: KuCoin is 0.030% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22230.0100pay 0.0100% / 8h7h 37m$3.1M$6.2M75x
ShortKuCoin THETAUSDTM0.22220.0100get 0.0100% / 8h7h 37m$1.0M$418K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.052% → −0.022%
−$2.98
Slippage, 4 orders
−$123.48
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$148.46
Costs to cover
1.455%
Break-even
never at this rate
Slippage from Binance: live order book, 16 min ago; KuCoin: live order book, 7 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, 16 min ago2.25 bp21.4 bp −$2189.4 bp −$8944670.2 bp −$467.0Kdoesn't fit
Sell KuCoin live order book, 7 min ago6.74 bp49.3 bp −$49117.9 bp −$1,179doesn'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−0.0272%8h0.2219−0.204%$291K$74Kas long as short
Kraken Futures PF_THETAUSD−0.0149%1h0.2222−0.042%$80K$70K20xas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−3.921%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2221−0.097%$2.5Mas long as short
Aster THETAUSDT+0.0100%8h0.2224+0.038%$16K$19K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2223long leg$3.1M$6.2M75x
Bybit THETAUSDT+0.0100%8h0.2219−0.183%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2220−0.142%$619K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.2225+0.083%$373K$151K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2223−0.007%$1.4M$559K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMshort+0.0100%8h0.2222−0.052%$1.0M$418K50x
Bitget THETAUSDT+0.0100%8h0.2223−0.007%$1.2M$877K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2222−0.052%$154K$194K75xas long as short