Funding you earn now, next payment 08:00 UTC−0.0150%/8h= −16.4% APRnext payment −$1.50 per $10,000 · paid last 24h −0.034%
Price spread now: BingX against BloFin−0.221%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$860.858% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.221%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BingX is 0.192% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin THETA-USDT | 0.2264 | 0.0220 | pay 0.0220% / 8h | 5h 39m | $160K | $176K | 75x |
| Short | BingX THETA-USDT | 0.2259 | 0.0070 | get 0.0070% / 8h | 5h 39m | — | $2.4M | — |
BloFin THETA-USDT
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$31.5
- Price spread: −0.221% → −0.029%
- −$19.21
- Slippage, 4 orders
- −$63.77
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$136.47
- Costs to cover
- 0.858%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 80 min ago; BingX: live order book, 10 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 BloFin live order book, 80 min ago | 4.48 bp | 16.0 bp −$16 | 40.0 bp −$400 | 321.6 bp −$32.2K | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.66 bp | 25.4 bp −$25 | 60.9 bp −$609 | 337.8 bp −$33.8K | 504.0 bp −$252.0K |
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 | −0.0473% | 1h | 0.2259 | −0.239% | $82K | $55K | 20x | as long as short |
| Variational Omni THETA | −0.0270% | 8h | 0.2264 | −0.019% | $296K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.654% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDTshort | +0.0070% | 8h | 0.2259 | −0.221% | — | $2.4M | — | |
| Aster THETAUSDT | +0.0100% | 8h | 0.2261 | −0.132% | $8K | $4K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2257 | −0.303% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2254 | −0.442% | $3.1M | $2.1M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2258 | −0.265% | $653K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2261 | −0.133% | $384K | $122K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2258 | −0.265% | $1.4M | $547K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
Aster THETAUSDT
Binance THETAUSDT
Bybit THETAUSDT
OKX THETA-USDT-SWAP
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 | 0.2260 | −0.177% | $1.1M | $299K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2260 | −0.177% | $1.3M | $609K | 50x | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2264 | long leg | $160K | $176K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT