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 +0.008%
Price spread now: Bitget against OKX+0.218%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1411.414% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days−0.173%−$17 · spread now +0.218%, 7d avg +0.013%
Together, before fees−0.176%−$18 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: Bitget is 0.205% dearer against OKX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX THETA-USDT-SWAP0.22890.0100pay 0.0100% / 8h3h 23m$643K$1.4M20x
ShortBitget THETAUSDT0.22940.0100get 0.0100% / 8h3h 23m$1.3M$738K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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: +0.218% → +0.013%
$20.54
Slippage, 4 orders
−$119.4
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$120.87
Costs to cover
1.414%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: 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 OKX live order book, 3 min ago4.36 bp38.1 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago6.53 bp33.5 bp −$34196.6 bp −$1,966doesn't fitdoesn'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−0.0586%1h0.2294+0.235%$84K$35K20xas long as short
Variational Omni THETA−0.0213%8h0.2293+0.178%$300K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−6.684%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2293+0.175%$2.5Mas long as short
Aster THETAUSDT+0.0100%8h0.2295+0.266%$9K$9K5xas long as short
Binance THETAUSDT+0.0100%8h0.2294+0.203%$3.4M$5.5M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2291+0.074%$3.2M$2.4M75xas long as short
OKX THETA-USDT-SWAPlong+0.0100%8h0.2289long leg$643K$1.4M20x
Gate THETA_USDT+0.0100%8h0.2294+0.218%$389K$150K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2294+0.218%$1.4M$590K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2294+0.218%$1.0M$382K50xas long as short
Bitget THETAUSDTshort+0.0100%8h0.2294+0.218%$1.3M$738K50x
BloFin THETA-USDT+0.0220%8h0.2295+0.262%$157K$189K75xas long as short