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

THETA

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.008%
Price spread now: Injective against BingX−6.928%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 6.928% cheaper against BingX than usual: you would sell low and buy high (−$693 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX THETA-USDT0.22950.0070pay 0.0070% / 8h3h 25m$2.5M
ShortInjective THETA/USDC PERP0.21360.0033get 0.0004% / 1h25m 13s$208$25K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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
−$7.7
Price spread: −6.928% → 0.000%
−$692.81
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$710.53
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 9 min ago; Injective: 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 BingX live order book, 9 min ago8.89 bp23.1 bp −$2358.3 bp −$583393.1 bp −$39.3K522.9 bp −$261.5K
Sell Injective no order-book sample
Injective: 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_THETAUSD−0.0585%1h0.2297+0.083%$84K$35K20xas long as short
Variational Omni THETA−0.0213%8h0.2293−0.084%$300K$74Kas long as short
Injective THETA/USDC PERPshort+0.0033%1h0.2136−6.928%$208$25K5.5x
BingX THETA-USDTlong+0.0070%8h0.2295long leg$2.5M
Aster THETAUSDT+0.0100%8h0.2296+0.042%$8K$9K5xas long as short
Binance THETAUSDT+0.0100%8h0.2297+0.087%$3.4M$5.5M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2293−0.087%$3.2M$2.4M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2296+0.044%$644K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.2297+0.087%$390K$149K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2297+0.087%$1.4M$588K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2296+0.044%$1.1M$382K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2297+0.087%$1.3M$736K50xas long as short
BloFin THETA-USDT+0.0220%8h0.22950.000%$157K$189K75xas long as short