Settings8H · net · $10k
Funding arb · Price arb /

THETA

all THETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.042%
Price spread now: Injective against BloFin−4.855%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 4.855% cheaper against BloFin than usual: you would sell low and buy high (−$486 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin THETA-USDT0.22450.0220pay 0.0220% / 8h7h 26m$160K$176K75x
ShortInjective THETA/USDC PERP0.21360.0033get 0.0004% / 1h26m 06s$208$25K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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
−$39.2
Price spread: −4.855% → 0.000%
−$485.52
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$536.74
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 38 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 38 min ago6.68 bp17.7 bp −$1837.1 bp −$371296.3 bp −$29.6Kdoesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1008%1h0.2250+0.244%$82K$55K20xas long as short
Variational Omni THETA−0.0446%8h0.2243−0.083%$293K$74Kas long as short
BingX THETA-USDT+0.0029%8h0.22450.000%$2.4Mas long as short
Injective THETA/USDC PERPshort+0.0033%1h0.2136−4.855%$208$25K5.5x
OKX THETA-USDT-SWAP+0.0045%8h0.22450.000%$670K$1.3M20xas long as short
Aster THETAUSDT+0.0100%8h0.2245+0.009%$8K$3K5xas long as short
Binance THETAUSDT+0.0100%8h0.2249+0.156%$3.2M$4.8M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2244−0.045%$3.0M$2.1M75xas long as short
Gate THETA_USDT+0.0100%8h0.22450.000%$378K$118K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2248+0.134%$1.5M$578K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2247+0.089%$1.2M$228K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2249+0.178%$1.3M$611K50xas long as short
BloFin THETA-USDTlong+0.0220%8h0.2245long leg$160K$176K75x