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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h −0.082%
Price spread now: BingX against Kraken Futures−0.052%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 7 days−0.191%−$19 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BingX is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 28 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_THETAUSD0.2255−0.0163get 0.0020% / 1h40m 25s$82K$58K20x
ShortBingX THETA-USDT0.2254−0.0016pay 0.0016% / 8h40m 25s$2.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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
$30.85
Price spread: −0.052% → 0.000%
−$5.19
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
$5.65
Costs to cover
0.200%
Break-even
5.7 days
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 9 min ago. 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 Kraken Futures no order-book sample
Sell BingX live order book, 9 min ago2.22 bp26.8 bp −$2761.9 bp −$619321.5 bp −$32.2K471.3 bp −$235.6K
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
Variational Omni THETA−0.0537%8h0.2256+0.024%$294K$74Kas long as short
Kraken Futures PF_THETAUSDlong−0.0163%1h0.2255long leg$82K$58K20x
OKX THETA-USDT-SWAP−0.0017%8h0.2251−0.185%$669K$1.4M20xas long as short
BingX THETA-USDTshort−0.0016%8h0.2254−0.052%$2.4M
Injective THETA/USDC PERP+0.0033%1h0.2136−5.284%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2257+0.072%$8K$3K5xas long as short
Binance THETAUSDT+0.0100%8h0.2254−0.049%$3.2M$4.9M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2251−0.167%$2.9M$2.1M75xas long as short
Gate THETA_USDT+0.0100%8h0.2255−0.008%$379K$134K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2254−0.052%$1.4M$589K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2256+0.037%$1.0M$122K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2254−0.052%$1.4M$707K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2252−0.141%$162K$189K75xas long as short