Funding you earn now, next payment 00:00 UTC−0.0174%/8h= −19.1% APRnext payment −$1.74 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against Bitget−0.134%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$980.980% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now −0.134%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BingX is 0.117% cheaper against Bitget than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget THETAUSDT | 0.2241 | 0.0100 | pay 0.0100% / 8h | 2h 10m | $1.3M | $677K | 50x |
| Short | BingX THETA-USDT | 0.2238 | −0.0074 | pay 0.0074% / 8h | 2h 10m | — | $2.4M | — |
Bitget THETAUSDT
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- −$36.54
- Price spread: −0.134% → −0.017%
- −$11.69
- Slippage, 4 orders
- −$76.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$146.25
- Costs to cover
- 0.980%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 6 min ago; BingX: live order book, 8 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 Bitget live order book, 6 min ago | 6.70 bp | 26.6 bp −$27 | 84.4 bp −$844 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 6.70 bp | 21.3 bp −$21 | 53.2 bp −$532 | 310.2 bp −$31.0K | 493.6 bp −$246.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni THETA | −0.0734% | 8h | 0.2240 | −0.027% | $292K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0342% | 1h | 0.2240 | −0.057% | $82K | $58K | 20x | as long as short |
| OKX THETA-USDT-SWAP | −0.0083% | 8h | 0.2238 | −0.134% | $648K | $1.3M | 20x | as long as short |
| BingX THETA-USDTshort | −0.0074% | 8h | 0.2238 | −0.134% | — | $2.4M | — | |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.685% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2240 | −0.039% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2238 | −0.118% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2235 | −0.268% | $2.9M | $2.0M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2238 | −0.134% | $374K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2239 | −0.089% | $1.4M | $601K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
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 | 0.2240 | −0.045% | $978K | $116K | 50x | as long as short |
| Bitget THETAUSDTlong | +0.0100% | 8h | 0.2241 | long leg | $1.3M | $677K | 50x | |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2242 | +0.045% | $162K | $192K | 75x | as long as short |
KuCoin THETAUSDTM
BloFin THETA-USDT