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Funding arb · Price arb /

THETA

all THETA markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Binance against Injective+5.155%77s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Binance
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 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 5.155% dearer against Injective than usual: you sell high and buy low: +$515 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective THETA/USDC PERP0.21360.0033pay 0.0004% / 1h26m 07s$208$25K5.5x
ShortBinance THETAUSDT0.22460.0100get 0.0100% / 8h26m 07s$3.2M$4.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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
$14
Price spread: +5.155% → 0.000%
$515.46
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Binance: 5 bp × 2 orders
−$10
Net
$519.44
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 11 min ago. 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 Injective no order-book sample—————
Sell Binance live order book, 11 min ago2.22 bp21.7 bp −$2264.4 bp −$644391.4 bp −$39.1Kdoesn't fit
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
Variational Omni THETA−0.0531%8h0.2245+5.091%$293K$74K—as long as short
Kraken Futures PF_THETAUSD−0.0163%1h0.2247+5.185%$82K$58K20xas long as short
BingX THETA-USDT−0.0010%8h0.2246+5.150%—$2.4M—as long as short
OKX THETA-USDT-SWAP−0.0006%8h0.2244+5.056%$666K$1.4M20xas long as short
Injective THETA/USDC PERPlong+0.0033%1h0.2136long leg$208$25K5.5x
Aster THETAUSDT+0.0100%8h0.2247+5.216%$8K$3K5xas long as short
Binance THETAUSDTshort+0.0100%8h0.2246+5.155%$3.2M$4.9M75x
Bybit THETAUSDT+0.0100%8h0.2244+5.070%$2.9M$2.1M75xas long as short
Gate THETA_USDT+0.0100%8h0.2247+5.197%$377K$135K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2247+5.197%$1.5M$600K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2248+5.243%$1.0M$160K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2246+5.150%$1.3M$712K50xas long as short
BloFin THETA-USDT+0.0220%8h0.2244+5.056%$162K$188K75xas long as short