Funding you earn now, next payment 00:00 UTC−0.0165%/8h= −18.0% APRnext payment −$1.65 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance−0.045%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1061.059% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.045%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.028% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance THETAUSDT | 0.2236 | 0.0100 | pay 0.0100% / 8h | 2h 28m | $3.2M | $4.8M | 75x |
| Short | OKX THETA-USDT-SWAP | 0.2235 | −0.0065 | pay 0.0065% / 8h | 2h 28m | $643K | $1.3M | 20x |
Binance THETAUSDT
OKX THETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$34.61
- Price spread: −0.045% → −0.017%
- −$2.75
- Slippage, 4 orders
- −$85.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$143.28
- Costs to cover
- 1.059%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 3 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 | 4.48 bp | 23.1 bp −$23 | 86.3 bp −$863 | 3526.4 bp −$352.6K | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.24 bp | 30.8 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni THETA | −0.0791% | 8h | 0.2231 | −0.228% | $274K | $57K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0343% | 1h | 0.2236 | +0.009% | $81K | $58K | 20x | as long as short |
| BingX THETA-USDT | −0.0070% | 8h | 0.2233 | −0.134% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAPshort | −0.0065% | 8h | 0.2235 | −0.045% | $643K | $1.3M | 20x | |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.472% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2235 | −0.049% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDTlong | +0.0100% | 8h | 0.2236 | long leg | $3.2M | $4.8M | 75x | |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2234 | −0.089% | $2.9M | $2.0M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2233 | −0.134% | $373K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2235 | −0.045% | $1.5M | $597K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
BingX THETA-USDT
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 | 0.2236 | 0.000% | $976K | $116K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2235 | −0.045% | $1.3M | $678K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2236 | 0.000% | $162K | $191K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT