Funding you earn now, next payment 00:00 UTC−0.0110%/8h= −12.0% APRnext payment −$1.10 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against Binance0.000%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now 0.000%, 7d avg −0.025%
=The price spread pays, funding is against you. BingX is 0.025% dearer against Binance than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.025%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.089% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance THETAUSDT | 0.2247 | 0.0100 | pay 0.0100% / 8h | 24m 54s | $3.2M | $4.9M | 75x |
| Short | BingX THETA-USDT | 0.2247 | −0.0010 | pay 0.0010% / 8h | 24m 54s | — | $2.4M | — |
Binance THETAUSDT
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$23.1
- Price spread: 0.000% → −0.025%
- $2.51
- Slippage, 4 orders
- −$64.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$104.9
- Costs to cover
- 0.843%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 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 Binance live order book, 13 min ago | 2.22 bp | 19.6 bp −$20 | 78.3 bp −$783 | 3559.4 bp −$355.9K | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.45 bp | 22.2 bp −$22 | 50.4 bp −$504 | 291.2 bp −$29.1K | 512.3 bp −$256.1K |
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 | −0.0531% | 8h | 0.2245 | −0.100% | $293K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0163% | 1h | 0.2248 | +0.028% | $82K | $58K | 20x | as long as short |
| BingX THETA-USDTshort | −0.0010% | 8h | 0.2247 | 0.000% | — | $2.4M | — | |
| OKX THETA-USDT-SWAP | −0.0005% | 8h | 0.2245 | −0.089% | $666K | $1.4M | 20x | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.940% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2247 | +0.022% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDTlong | +0.0100% | 8h | 0.2247 | long leg | $3.2M | $4.9M | 75x | |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2244 | −0.151% | $2.9M | $2.1M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2247 | 0.000% | $377K | $135K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2246 | −0.045% | $1.5M | $600K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
OKX THETA-USDT-SWAP
Injective THETA/USDC PERP
Aster 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 | 0.2248 | +0.045% | $1.1M | $165K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2246 | −0.045% | $1.3M | $712K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2247 | 0.000% | $161K | $188K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT