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: Gate against Binance+0.116%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$2001.999% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.502%−$50 · spread now +0.116%, 7d avg −0.020%
Together, before fees−0.448%−$45 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: Gate is 0.136% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22420.0100pay 0.0100% / 8h7h 02m$3.2M$6.1M75x
ShortGate THETA_USDT0.22450.0100get 0.0100% / 8h7h 02m$381K$156K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.116% → −0.020%
$13.64
Slippage, 4 orders
−$174.85
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$186.21
Costs to cover
1.999%
Break-even
never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 28 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, 6 min ago2.23 bp17.0 bp −$1775.7 bp −$7574851.6 bp −$485.2Kdoesn't fit
Sell Gate live order book, 28 min ago6.81 bp93.5 bp −$94doesn't fitdoesn'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
Variational Omni THETA−0.0336%8h0.2238−0.212%$293K$74Kas long as short
Kraken Futures PF_THETAUSD−0.0147%1h0.2245+0.131%$80K$70K20xas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.745%$208$25K5.5xas long as short
BingX THETA-USDT+0.0061%8h0.2242−0.018%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2244+0.074%$17K$19K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2242long leg$3.2M$6.1M75x
Bybit THETAUSDT+0.0100%8h0.2240−0.084%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2241−0.062%$628K$1.4M20xas long as short
Gate THETA_USDTshort+0.0100%8h0.2245+0.116%$381K$156K50x
MEXC THETA_USDT+0.0100%8h0.2244+0.072%$1.4M$564K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2243+0.027%$1.0M$415K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2245+0.116%$1.2M$911K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2245+0.116%$155K$184K75xas long as short