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: Bitget against Binance+0.090%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$850.849% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 7 days−0.064%−$6 · spread now +0.090%, 7d avg −0.005%
Together, before fees−0.101%−$10 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 0.095% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22190.0100pay 0.0100% / 8h39m 24s$3.1M$6.2M75x
ShortBitget THETAUSDT0.22210.0100get 0.0100% / 8h39m 24s$1.2M$871K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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: +0.090% → −0.005%
$9.5
Slippage, 4 orders
−$62.87
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$75.38
Costs to cover
0.849%
Break-even
never at this rate
Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago2.25 bp19.4 bp −$1981.0 bp −$8103997.9 bp −$399.8Kdoesn't fit
Sell Bitget live order book, 2 min ago2.25 bp15.4 bp −$1561.1 bp −$611doesn'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−0.0284%1h0.2223+0.184%$80K$71K20xas long as short
Variational Omni THETA−0.0213%8h0.2222+0.116%$290K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−3.740%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2219+0.017%$16K$19K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2219long leg$3.1M$6.2M75x
Bybit THETAUSDT+0.0100%8h0.2218−0.045%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2220+0.045%$618K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.2222+0.135%$372K$156K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2223+0.180%$1.4M$571K100xas long as short
KuCoin THETAUSDTM+0.0100%8h0.2223+0.180%$1.0M$418K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget THETAUSDTshort+0.0100%8h0.2221+0.090%$1.2M$871K50x
BingX THETA-USDT+0.0100%8h0.22190.000%$2.5Mas long as short
BloFin THETA-USDT+0.0220%8h0.2227+0.361%$155K$193K75xas long as short