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 Gate−0.045%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$232as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2172.166% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.045%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.040% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate THETA_USDT | 0.2232 | 0.0100 | pay 0.0100% / 8h | 1h 56m | $374K | $158K | 50x |
| Short | BingX THETA-USDT | 0.2231 | 0.0070 | get 0.0070% / 8h | 1h 56m | — | $2.5M | — |
Gate THETA_USDT
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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: −0.045% → −0.005%
- −$4.03
- Slippage, 4 orders
- −$191.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$226.91
- Costs to cover
- 2.166%
- Break-even
- never at this rate
Slippage from Gate: live order book, 49 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 Gate live order book, 49 min ago | 6.67 bp | 69.1 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 6.71 bp | 26.3 bp −$26 | 59.2 bp −$592 | 328.8 bp −$32.9K | 509.2 bp −$254.6K |
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 | −0.0663% | 1h | 0.2228 | −0.161% | $88K | $64K | 20x | as long as short |
| Variational Omni THETA | −0.0199% | 8h | 0.2231 | −0.041% | $292K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.301% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDTshort | +0.0070% | 8h | 0.2231 | −0.045% | — | $2.5M | — | |
| Aster THETAUSDT | +0.0100% | 8h | 0.2232 | −0.017% | $17K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2228 | −0.179% | $3.1M | $6.2M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2226 | −0.269% | $3.0M | $2.8M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2228 | −0.179% | $621K | $1.5M | 20x | as long as short |
| Gate THETA_USDTlong | +0.0100% | 8h | 0.2232 | long leg | $374K | $158K | 50x | |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2229 | −0.134% | $1.4M | $589K | 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
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 | 0.2228 | −0.179% | $1.0M | $418K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2229 | −0.134% | $1.2M | $863K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2232 | 0.000% | $156K | $193K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT