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: MEXC against Bybit+0.187%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$620.618% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 7 days−0.045%−$5 · spread now +0.187%, 7d avg +0.090%
Together, before fees−0.034%−$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: MEXC is 0.096% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.090%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit THETAUSDT0.22480.0100pay 0.0100% / 8h3h 45m$3.1M$2.1M75x
ShortMEXC THETA_USDT0.22520.0100get 0.0100% / 8h3h 45m$1.4M$576K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.187% → +0.090%
$9.64
Slippage, 4 orders
−$46.79
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$52.15
Costs to cover
0.618%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; MEXC: 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 ago6.67 bp21.3 bp −$21131.9 bp −$1,319doesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago2.22 bp13.0 bp −$1334.7 bp −$347165.2 bp −$16.5Kdoesn'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−0.0596%1h0.2254+0.297%$82K$34K20xas long as short
Variational Omni THETA−0.0217%8h0.2249+0.036%$294K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.974%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2248+0.009%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2254+0.276%$8K$5K5xas long as short
Binance THETAUSDT+0.0100%8h0.2251+0.157%$3.2M$4.9M75xas long as short
Bybit THETAUSDTlong+0.0100%8h0.2248long leg$3.1M$2.1M75x
OKX THETA-USDT-SWAP+0.0100%8h0.2249+0.053%$628K$1.3M20xas long as short
Gate THETA_USDT+0.0100%8h0.2250+0.098%$380K$134K50xas long as short
MEXC THETA_USDTshort+0.0100%8h0.2252+0.187%$1.4M$576K100x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2251+0.142%$1.1M$323K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2250+0.098%$1.2M$678K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2254+0.276%$158K$180K75xas long as short