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 MEXC−0.044%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$680.680% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.044%, 7d avg −0.021%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.023% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC THETA_USDT | 0.2250 | 0.0100 | pay 0.0100% / 8h | 4h 39m | $1.4M | $554K | 100x |
| Short | BingX THETA-USDT | 0.2249 | 0.0070 | get 0.0070% / 8h | 4h 39m | — | $2.4M | — |
MEXC THETA_USDT
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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: −0.044% → −0.021%
- −$2.3
- Slippage, 4 orders
- −$54.01
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$76.61
- Costs to cover
- 0.680%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 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 MEXC live order book, 1 min ago | 2.22 bp | 7.3 bp −$7 | 25.5 bp −$255 | 169.0 bp −$16.9K | doesn't fit |
| Sell BingX live order book, 10 min ago | 6.70 bp | 27.1 bp −$27 | 63.4 bp −$634 | 330.1 bp −$33.0K | 483.2 bp −$241.6K |
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 | −0.0498% | 1h | 0.2250 | −0.010% | $82K | $35K | 20x | as long as short |
| Variational Omni THETA | −0.0185% | 8h | 0.2244 | −0.263% | $293K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.067% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDTshort | +0.0070% | 8h | 0.2249 | −0.044% | — | $2.4M | — | |
| Aster THETAUSDT | +0.0100% | 8h | 0.2252 | +0.089% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2250 | −0.017% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2249 | −0.058% | $3.1M | $2.1M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2249 | −0.044% | $629K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2248 | −0.089% | $384K | $134K | 50x | as long as short |
| MEXC THETA_USDTlong | +0.0100% | 8h | 0.2250 | long leg | $1.4M | $554K | 100x |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
Aster THETAUSDT
Binance THETAUSDT
Bybit THETAUSDT
OKX THETA-USDT-SWAP
Gate THETA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2249 | −0.044% | $1.1M | $310K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2250 | 0.000% | $1.3M | $604K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2241 | −0.400% | $159K | $178K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT