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: Binance against Bitget−0.042%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$990.989% 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−0.012%−$1 · spread now −0.042%, 7d avg +0.007%
Together, before fees+0.025%+$3 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: Binance is 0.048% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget THETAUSDT0.22590.0100pay 0.0100% / 8h2h 55m$1.3M$823K50x
ShortBinance THETAUSDT0.22580.0100get 0.0100% / 8h2h 55m$3.2M$5.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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: −0.042% → +0.007%
−$4.82
Slippage, 4 orders
−$76.92
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$103.74
Costs to cover
0.989%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 13 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 Bitget live order book, 1 min ago4.43 bp33.2 bp −$33105.3 bp −$1,053doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago2.20 bp15.7 bp −$1658.8 bp −$588365.6 bp −$36.6Kdoesn'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−0.0405%1h0.2258−0.049%$89K$54K20xas long as short
Variational Omni THETA−0.0215%8h0.2257−0.084%$295K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.445%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2256−0.133%$2.5Mas long as short
Aster THETAUSDT+0.0100%8h0.2257−0.095%$16K$18K5xas long as short
Binance THETAUSDTshort+0.0100%8h0.2258−0.042%$3.2M$5.9M75x
Bybit THETAUSDT+0.0100%8h0.2255−0.177%$3.1M$2.5M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2258−0.044%$631K$1.5M20xas long as short
Gate THETA_USDT+0.0100%8h0.2257−0.089%$380K$158K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2258−0.044%$1.3M$579K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2256−0.133%$1.0M$406K50xas long as short
Bitget THETAUSDTlong+0.0100%8h0.2259long leg$1.3M$823K50x
BloFin THETA-USDT+0.0220%8h0.2254−0.221%$163K$192K75xas long as short