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

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0765%/8h= +83.8% APRpaid last 24h −0.006%
Price spread now: Bitget against Kraken Futures−0.022%58s7-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−0.176%−$18 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. Bitget is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% 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
LongKraken Futures PF_THETAUSD0.2223−0.0665get 0.0083% / 1h54m 23s$88K$64K20x
ShortBitget THETAUSDT0.22230.0100get 0.0100% / 8h1h 54m$1.2M$865K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$160.64
Price spread: −0.022% → 0.000%
−$2.22
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$136.42
Costs to cover
0.220%
Break-even
1.1 days
Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago4.49 bp23.5 bp −$2365.3 bp −$653doesn't fitdoesn't fit
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_THETAUSDlong−0.0665%1h0.2223long leg$88K$64K20x
Variational Omni THETA−0.0210%8h0.2226+0.095%$291K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−3.935%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2222−0.067%$2.5Mas long as short
Aster THETAUSDT+0.0100%8h0.2225+0.048%$16K$19K5xas long as short
Binance THETAUSDT+0.0100%8h0.2223−0.022%$3.1M$6.2M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2220−0.157%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2221−0.112%$619K$1.5M20xas long as short
Gate THETA_USDT+0.0100%8h0.2222−0.067%$372K$158K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2222−0.067%$1.4M$589K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2221−0.112%$1.0M$418K50xas long as short
Bitget THETAUSDTshort+0.0100%8h0.2223−0.022%$1.2M$865K50x
BloFin THETA-USDT+0.0220%8h0.2225+0.068%$156K$192K75xas long as short