Funding you earn now, next payment 00:00 UTC−0.0166%/8h= −18.2% APRnext payment −$1.66 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against Binance+0.006%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$910.911% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now +0.006%, 7d avg −0.025%
=The price spread pays, funding is against you. BingX is 0.031% dearer against Binance than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.025%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.089% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance THETAUSDT | 0.2231 | 0.0100 | pay 0.0100% / 8h | 2h 43m | $3.2M | $4.8M | 75x |
| Short | BingX THETA-USDT | 0.2231 | −0.0066 | pay 0.0066% / 8h | 2h 43m | — | $2.4M | — |
Binance THETAUSDT
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$34.86
- Price spread: +0.006% → −0.025%
- $3.11
- Slippage, 4 orders
- −$71.07
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$122.82
- Costs to cover
- 0.911%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; BingX: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 9 min ago | 2.25 bp | 19.9 bp −$20 | 79.1 bp −$791 | 3522.9 bp −$352.3K | doesn't fit |
| Sell BingX live order book, 6 min ago | 6.70 bp | 24.7 bp −$25 | 56.5 bp −$565 | 294.9 bp −$29.5K | 512.7 bp −$256.4K |
THETA on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni THETA | −0.0796% | 8h | 0.2234 | +0.141% | $255K | $37K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0344% | 1h | 0.2231 | +0.012% | $81K | $58K | 20x | as long as short |
| OKX THETA-USDT-SWAP | −0.0076% | 8h | 0.2229 | −0.083% | $641K | $1.3M | 20x | as long as short |
| BingX THETA-USDTshort | −0.0066% | 8h | 0.2231 | +0.006% | — | $2.4M | — | |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.252% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2233 | +0.099% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDTlong | +0.0100% | 8h | 0.2231 | long leg | $3.2M | $4.8M | 75x | |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2229 | −0.083% | $2.9M | $2.0M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2236 | +0.230% | $374K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2232 | +0.051% | $1.5M | $596K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
OKX THETA-USDT-SWAP
Injective THETA/USDC PERP
Aster THETAUSDT
Bybit THETAUSDT
Gate THETA_USDT
MEXC THETA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2233 | +0.096% | $975K | $116K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2235 | +0.186% | $1.3M | $680K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2233 | +0.096% | $162K | $191K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT