Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.56 per $10,000 · paid last 24h −0.012%
Price spread now: BingX against KuCoin−0.089%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1271.271% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.089%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.073% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin THETAUSDTM | 0.2252 | 0.0100 | pay 0.0100% / 8h | 7h 07m | $1.2M | $229K | 50x |
| Short | BingX THETA-USDT | 0.2250 | 0.0044 | get 0.0044% / 8h | 7h 07m | — | $2.4M | — |
KuCoin THETAUSDTM
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- −$11.76
- Price spread: −0.089% → −0.016%
- −$7.25
- Slippage, 4 orders
- −$105.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$146.16
- Costs to cover
- 1.271%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 12 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 KuCoin live order book, 2 min ago | 2.22 bp | 46.1 bp −$46 | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 6.70 bp | 22.6 bp −$23 | 54.6 bp −$546 | 320.1 bp −$32.0K | 488.5 bp −$244.2K |
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 | −0.1006% | 1h | 0.2253 | +0.065% | $82K | $55K | 20x | as long as short |
| Variational Omni THETA | −0.0416% | 8h | 0.2245 | −0.305% | $293K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.151% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDTshort | +0.0044% | 8h | 0.2250 | −0.089% | — | $2.4M | — | |
| OKX THETA-USDT-SWAP | +0.0073% | 8h | 0.2248 | −0.178% | $670K | $1.3M | 20x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2251 | −0.028% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2251 | −0.059% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2248 | −0.164% | $3.0M | $2.0M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2249 | −0.133% | $380K | $119K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2251 | −0.044% | $1.5M | $580K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
OKX THETA-USDT-SWAP
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 THETAUSDTMlong | +0.0100% | 8h | 0.2252 | long leg | $1.2M | $229K | 50x | |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2251 | −0.044% | $1.3M | $606K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2252 | 0.000% | $160K | $175K | 75x | as long as short |
Bitget THETAUSDT
BloFin THETA-USDT