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: KuCoin against Binance0.000%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1151.148% 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+0.009%+$1 · spread now 0.000%, 7d avg −0.022%
Together, before fees+0.023%+$2 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 0.022% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22560.0100pay 0.0100% / 8h4h 14m$3.2M$4.9M75x
ShortKuCoin THETAUSDTM0.22560.0100get 0.0100% / 8h4h 14m$1.1M$320K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: 0.000% → −0.022%
$2.22
Slippage, 4 orders
−$92.77
Fee Binance: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$112.55
Costs to cover
1.148%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; KuCoin: 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 Binance live order book, 8 min ago2.21 bp20.3 bp −$2075.0 bp −$7504507.5 bp −$450.8Kdoesn't fit
Sell KuCoin live order book, 5 min ago4.42 bp38.1 bp −$38108.7 bp −$1,087doesn'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−0.0496%1h0.2259+0.126%$82K$34K20xas long as short
Variational Omni THETA−0.0174%8h0.2253−0.150%$295K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.319%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.22560.000%$2.5Mas long as short
Aster THETAUSDT+0.0100%8h0.2256−0.018%$8K$5K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2256long leg$3.2M$4.9M75x
Bybit THETAUSDT+0.0100%8h0.2253−0.115%$3.1M$2.1M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2255−0.044%$632K$1.3M20xas long as short
Gate THETA_USDT+0.0100%8h0.2255−0.044%$382K$138K50xas long as short
MEXC THETA_USDT+0.0100%8h0.22560.000%$1.5M$571K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMshort+0.0100%8h0.22560.000%$1.1M$320K50x
Bitget THETAUSDT+0.0100%8h0.2257+0.044%$1.3M$650K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2257+0.044%$160K$180K75xas long as short