Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.012%
Price spread now: BingX against Bybit+0.155%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$920.921% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.155%, 7d avg +0.068%
=The price spread pays, funding is against you. BingX is 0.087% dearer against Bybit than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of +0.068%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit THETAUSDT | 0.2253 | 0.0100 | pay 0.0100% / 8h | 4h 02m | $3.1M | $2.1M | 75x |
| Short | BingX THETA-USDT | 0.2256 | 0.0070 | get 0.0070% / 8h | 4h 02m | — | $2.4M | — |
Bybit THETAUSDT
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$6.3
- Price spread: +0.155% → +0.068%
- $8.71
- Slippage, 4 orders
- −$71.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$89.65
- Costs to cover
- 0.921%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 7 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 Bybit live order book, 5 min ago | 4.44 bp | 22.4 bp −$22 | 70.5 bp −$705 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 6.64 bp | 27.4 bp −$27 | 63.6 bp −$636 | 329.0 bp −$32.9K | 493.4 bp −$246.7K |
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 | −0.0496% | 1h | 0.2258 | +0.266% | $82K | $34K | 20x | as long as short |
| Variational Omni THETA | −0.0181% | 8h | 0.2251 | −0.084% | $295K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.172% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDTshort | +0.0070% | 8h | 0.2256 | +0.155% | — | $2.4M | — | |
| Aster THETAUSDT | +0.0100% | 8h | 0.2256 | +0.149% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2256 | +0.155% | $3.2M | $4.9M | 75x | as long as short |
| Bybit THETAUSDTlong | +0.0100% | 8h | 0.2253 | long leg | $3.1M | $2.1M | 75x | |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2255 | +0.111% | $631K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2254 | +0.067% | $382K | $138K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2256 | +0.155% | $1.5M | $573K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
Aster THETAUSDT
Binance 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 | 0.2256 | +0.155% | $1.1M | $320K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2256 | +0.155% | $1.3M | $652K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2255 | +0.111% | $158K | $180K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT