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: Bybit against Binance−0.201%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$800.804% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days+0.091%+$9 · spread now −0.201%, 7d avg −0.093%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.108% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.093%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance THETAUSDT | 0.2242 | 0.0100 | pay 0.0100% / 8h | 7h 18m | $3.2M | $4.8M | 75x |
| Short | Bybit THETAUSDT | 0.2238 | 0.0100 | get 0.0100% / 8h | 7h 18m | $3.0M | $2.0M | 75x |
Binance THETAUSDT
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.201% → −0.093%
- −$10.78
- Slippage, 4 orders
- −$59.41
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$91.19
- Costs to cover
- 0.804%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 2.22 bp | 20.0 bp −$20 | 76.6 bp −$766 | 4183.3 bp −$418.3K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.46 bp | 18.2 bp −$18 | 90.2 bp −$902 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_THETAUSD | −0.1010% | 1h | 0.2246 | +0.166% | $82K | $55K | 20x | as long as short |
| Variational Omni THETA | −0.0440% | 8h | 0.2243 | +0.028% | $293K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.728% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0036% | 8h | 0.2241 | −0.045% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAP | +0.0053% | 8h | 0.2240 | −0.089% | $667K | $1.3M | 20x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2240 | −0.089% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDTlong | +0.0100% | 8h | 0.2242 | long leg | $3.2M | $4.8M | 75x | |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2238 | −0.201% | $3.0M | $2.0M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2239 | −0.134% | $377K | $118K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2240 | −0.089% | $1.5M | $579K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
OKX THETA-USDT-SWAP
Aster 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 | 0.2241 | −0.045% | $1.2M | $229K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2243 | +0.045% | $1.3M | $616K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2246 | +0.178% | $160K | $176K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT