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 Gate−0.072%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$324as in the Funding arb table
Net, price: spread back to 7d avg − costs−$327as in the Price arb table
costs, in and out, $10k−$3173.172% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.072%, 7d avg +0.025%
Together, before fees+0.174%+$17 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 0.096% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate THETA_USDT0.22550.0100pay 0.0100% / 8h3h 51m$381K$134K50x
ShortBinance THETAUSDT0.22530.0100get 0.0100% / 8h3h 51m$3.2M$4.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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: −0.072% → +0.025%
−$9.65
Slippage, 4 orders
−$292.23
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
−$326.87
Costs to cover
3.172%
Break-even
never at this rate
Slippage from Gate: live order book, 64 min ago; Binance: live order book, 16 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 Gate live order book, 64 min ago6.66 bp176.8 bp −$177doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 16 min ago2.22 bp23.7 bp −$2473.7 bp −$737410.5 bp −$41.1Kdoesn'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%1h0.2254−0.022%$82K$34K20xas long as short
Variational Omni THETA−0.0206%8h0.2251−0.195%$294K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.277%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2254−0.044%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2256+0.044%$8K$5K5xas long as short
Binance THETAUSDTshort+0.0100%8h0.2253−0.072%$3.2M$4.9M75x
Bybit THETAUSDT+0.0100%8h0.2252−0.151%$3.1M$2.1M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2252−0.133%$629K$1.3M20xas long as short
Gate THETA_USDTlong+0.0100%8h0.2255long leg$381K$134K50x
MEXC THETA_USDT+0.0100%8h0.2254−0.044%$1.4M$571K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2256+0.044%$1.1M$323K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2256+0.044%$1.2M$679K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2254−0.044%$158K$180K75xas long as short