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: Binance against KuCoin+0.097%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1871.867% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 7 days−0.070%−$7 · spread now +0.097%, 7d avg +0.023%
Together, before fees−0.084%−$8 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: Binance is 0.074% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin THETAUSDTM0.22660.0100pay 0.0100% / 8h3h 17m$1.0M$385K50x
ShortBinance THETAUSDT0.22680.0100get 0.0100% / 8h3h 17m$3.3M$5.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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: +0.097% → +0.023%
$7.35
Slippage, 4 orders
−$164.69
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$179.33
Costs to cover
1.867%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Binance: live order book, 5 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 KuCoin live order book, 2 min ago4.40 bp67.8 bp −$68160.7 bp −$1,607doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago2.19 bp20.0 bp −$2069.6 bp −$696359.0 bp −$35.9Kdoesn'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
Kraken Futures PF_THETAUSD−0.0591%1h0.2273+0.306%$93K$50K20xas long as short
Variational Omni THETA−0.0221%8h0.2285+0.843%$299K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.737%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2268+0.088%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2267+0.052%$8K$18K5xas long as short
Binance THETAUSDTshort+0.0100%8h0.2268+0.097%$3.3M$5.6M75x
Bybit THETAUSDT+0.0100%8h0.2267+0.044%$3.2M$2.4M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2268+0.088%$635K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.2268+0.088%$386K$153K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2268+0.088%$1.4M$590K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMlong+0.0100%8h0.2266long leg$1.0M$385K50x
Bitget THETAUSDT+0.0100%8h0.2269+0.132%$1.3M$761K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2274+0.353%$163K$188K75xas long as short