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 MEXC−0.136%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1471.466% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days+0.127%+$13 · spread now −0.136%, 7d avg −0.018%
Together, before fees+0.128%+$13 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 0.119% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC THETA_USDT0.22000.0100pay 0.0100% / 8h4h 55m$1.3M$510K100x
ShortKuCoin THETAUSDTM0.21970.0100get 0.0100% / 8h4h 55m$1.0M$411K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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: −0.136% → −0.018%
−$11.87
Slippage, 4 orders
−$130.6
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$158.47
Costs to cover
1.466%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 2 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 MEXC live order book, 4 min ago4.53 bp16.0 bp −$1637.5 bp −$375177.0 bp −$17.7Kdoesn't fit
Sell KuCoin live order book, 2 min ago9.09 bp51.4 bp −$51129.8 bp −$1,298doesn't fitdoesn't fit

THETA on 13 exchanges

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−0.0441%8h0.2197−0.140%$287K$62Kas long as short
Kraken Futures PF_THETAUSD−0.0157%1h0.2203+0.122%$79K$67K20xas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−2.909%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2197−0.136%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2201+0.023%$16K$19K5xas long as short
Binance THETAUSDT+0.0100%8h0.2199−0.045%$3.1M$5.8M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2199−0.045%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2197−0.136%$609K$1.3M20xas long as short
Gate THETA_USDT+0.0100%8h0.2198−0.091%$372K$137K50xas long as short
MEXC THETA_USDTlong+0.0100%8h0.2200long leg$1.3M$510K100x
Show all 13 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMshort+0.0100%8h0.2197−0.136%$1.0M$411K50x
Bitget THETAUSDT+0.0100%8h0.2199−0.045%$1.2M$874K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2205+0.227%$153K$172K75xas long as short