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: Bitget against Bybit+0.135%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$830.828% 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 7 days−0.063%−$6 · spread now +0.135%, 7d avg +0.088%
Together, before fees−0.117%−$12 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 0.047% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit THETAUSDT0.22270.0100pay 0.0100% / 8h7h 45m$3.0M$2.8M75x
ShortBitget THETAUSDT0.22300.0100get 0.0100% / 8h7h 45m$1.2M$878K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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: +0.135% → +0.088%
$4.67
Slippage, 4 orders
−$59.77
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$78.1
Costs to cover
0.828%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 1 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 Bybit live order book, 2 min ago4.49 bp19.4 bp −$1969.0 bp −$690doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago2.24 bp25.9 bp −$2673.1 bp −$731doesn'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−0.0258%8h0.2225−0.106%$291K$74Kas long as short
Kraken Futures PF_THETAUSD−0.0148%1h0.2228+0.067%$80K$70K20xas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.086%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2230+0.134%$17K$19K5xas long as short
Binance THETAUSDT+0.0100%8h0.2230+0.119%$3.1M$6.2M75xas long as short
Bybit THETAUSDTlong+0.0100%8h0.2227long leg$3.0M$2.8M75x
OKX THETA-USDT-SWAP+0.0100%8h0.22270.000%$620K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.2230+0.135%$373K$151K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2230+0.135%$1.4M$559K100xas long as short
KuCoin THETAUSDTM+0.0100%8h0.2229+0.090%$1.0M$418K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget THETAUSDTshort+0.0100%8h0.2230+0.135%$1.2M$878K50x
BingX THETA-USDT+0.0100%8h0.2229+0.090%$2.5Mas long as short
BloFin THETA-USDT+0.0220%8h0.2231+0.180%$155K$194K75xas long as short