Funding you earn now, next payment 00:00 UTC+0.0176%/8h= +19.3% APRnext payment +$1.76 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against BingX−0.036%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$850.847% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now −0.036%, 7d avg −0.068%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.032% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX THETA-USDT | 0.2240 | −0.0076 | get 0.0076% / 8h | 1h 39m | — | $2.4M | — |
| Short | Bybit THETAUSDT | 0.2239 | 0.0100 | get 0.0100% / 8h | 1h 39m | $2.9M | $2.0M | 75x |
BingX THETA-USDT
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $36.96
- Price spread: −0.036% → −0.068%
- $3.21
- Slippage, 4 orders
- −$63.73
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$44.57
- Costs to cover
- 0.847%
- Break-even
- 15.4 days
Slippage from BingX: live order book, 10 min ago; Bybit: 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 BingX live order book, 10 min ago | 6.71 bp | 21.9 bp −$22 | 55.2 bp −$552 | 403.2 bp −$40.3K | 533.3 bp −$266.7K |
| Sell Bybit live order book, 3 min ago | 4.46 bp | 19.3 bp −$19 | 86.5 bp −$865 | 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 | −0.1003% | 1h | 0.2247 | +0.304% | $82K | $58K | 20x | as long as short |
| Variational Omni THETA | −0.0676% | 8h | 0.2240 | −0.011% | $293K | $74K | — | as long as short |
| BingX THETA-USDTlong | −0.0076% | 8h | 0.2240 | long leg | — | $2.4M | — | |
| OKX THETA-USDT-SWAP | −0.0070% | 8h | 0.2241 | +0.045% | $666K | $1.4M | 20x | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.643% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2243 | +0.140% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2243 | +0.134% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2239 | −0.036% | $2.9M | $2.0M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2242 | +0.089% | $374K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2243 | +0.134% | $1.4M | $585K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
OKX THETA-USDT-SWAP
Injective THETA/USDC PERP
Aster THETAUSDT
Binance 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 | 0.2242 | +0.089% | $992K | $122K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2241 | +0.045% | $1.3M | $704K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2243 | +0.134% | $162K | $190K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT