Funding you earn now, next payment 00:00 UTC+0.0188%/8h= +20.6% APRnext payment +$1.88 per $10,000 · paid last 24h +0.006%
Price spread now: Bitget against BingX+0.089%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$940.940% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now +0.089%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.073% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX THETA-USDT | 0.2239 | −0.0088 | get 0.0088% / 8h | 1h 49m | — | $2.4M | — |
| Short | Bitget THETAUSDT | 0.2241 | 0.0100 | get 0.0100% / 8h | 1h 49m | $1.3M | $681K | 50x |
BingX THETA-USDT
Bitget THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- $39.48
- Price spread: +0.089% → +0.017%
- $7.27
- Slippage, 4 orders
- −$71.96
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$47.21
- Costs to cover
- 0.940%
- Break-even
- 15.4 days
Slippage from BingX: live order book, 15 min ago; Bitget: live order book, 2 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 BingX live order book, 15 min ago | 6.73 bp | 20.0 bp −$20 | 52.3 bp −$523 | 388.2 bp −$38.8K | 524.7 bp −$262.4K |
| Sell Bitget live order book, 2 min ago | 4.47 bp | 22.1 bp −$22 | 65.2 bp −$652 | 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 | −0.1005% | 1h | 0.2242 | +0.152% | $82K | $58K | 20x | as long as short |
| Variational Omni THETA | −0.0703% | 8h | 0.2236 | −0.120% | $292K | $74K | — | as long as short |
| BingX THETA-USDTlong | −0.0088% | 8h | 0.2239 | long leg | — | $2.4M | — | |
| OKX THETA-USDT-SWAP | −0.0086% | 8h | 0.2237 | −0.089% | $657K | $1.3M | 20x | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.600% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2239 | +0.012% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2239 | 0.000% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2237 | −0.089% | $2.9M | $2.0M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2241 | +0.089% | $374K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2239 | 0.000% | $1.4M | $583K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
OKX THETA-USDT-SWAP
Injective THETA/USDC PERP
Aster THETAUSDT
Binance 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 | 0.2241 | +0.089% | $991K | $122K | 50x | as long as short |
| Bitget THETAUSDTshort | +0.0100% | 8h | 0.2241 | +0.089% | $1.3M | $681K | 50x | |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2238 | −0.045% | $161K | $190K | 75x | as long as short |
KuCoin THETAUSDTM
BloFin THETA-USDT