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 +0.008%
Price spread now: Binance against OKX+0.051%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1071.068% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$4 on $10k
Price spread, last 7 days−0.061%−$6 · spread now +0.051%, 7d avg +0.020%
Together, before fees−0.026%−$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: Binance is 0.031% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX THETA-USDT-SWAP0.22560.0100pay 0.0100% / 8h4h 16m$633K$1.3M20x
ShortBinance THETAUSDT0.22570.0100get 0.0100% / 8h4h 16m$3.2M$4.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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: +0.051% → +0.020%
$3.15
Slippage, 4 orders
−$86.76
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$103.61
Costs to cover
1.068%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 6 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 OKX live order book, 5 min ago4.42 bp27.2 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 6 min ago2.21 bp22.3 bp −$2270.9 bp −$709411.7 bp −$41.2Kdoesn'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−0.0496%1h0.2260+0.169%$82K$35K20xas long as short
Variational Omni THETA−0.0174%8h0.2260+0.159%$296K$74Kas long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.319%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2254−0.089%$2.4Mas long as short
Aster THETAUSDT+0.0100%8h0.2255−0.063%$8K$5K5xas long as short
Binance THETAUSDTshort+0.0100%8h0.2257+0.051%$3.2M$4.9M75x
Bybit THETAUSDT+0.0100%8h0.2253−0.124%$3.1M$2.1M75xas long as short
OKX THETA-USDT-SWAPlong+0.0100%8h0.2256long leg$633K$1.3M20x
Gate THETA_USDT+0.0100%8h0.2254−0.089%$382K$137K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2258+0.089%$1.5M$571K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.22560.000%$1.1M$313K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2257+0.044%$1.3M$649K50xas long as short
BloFin THETA-USDT+0.0220%8h0.22560.000%$160K$180K75xas long as short