Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance−0.129%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$840.840% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now −0.129%, 7d avg −0.092%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.037% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance THETAUSDT | 0.2240 | 0.0100 | pay 0.0100% / 8h | 2h 12m | $3.2M | $4.8M | 75x |
| Short | Bybit THETAUSDT | 0.2237 | 0.0100 | get 0.0100% / 8h | 2h 12m | $2.9M | $2.0M | 75x |
Binance THETAUSDT
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.129% → −0.092%
- −$3.71
- Slippage, 4 orders
- −$62.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$87.7
- Costs to cover
- 0.840%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 5 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, 10 min ago | 2.23 bp | 21.6 bp −$22 | 82.5 bp −$825 | 3630.9 bp −$363.1K | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.46 bp | 24.5 bp −$25 | 80.2 bp −$802 | doesn't fit | doesn't fit |
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 | +0.018% | $292K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0342% | 1h | 0.2241 | +0.065% | $82K | $58K | 20x | as long as short |
| OKX THETA-USDT-SWAP | −0.0077% | 8h | 0.2237 | −0.134% | $648K | $1.3M | 20x | as long as short |
| BingX THETA-USDT | −0.0061% | 8h | 0.2240 | 0.000% | — | $2.4M | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.643% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2241 | +0.051% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDTlong | +0.0100% | 8h | 0.2240 | long leg | $3.2M | $4.8M | 75x | |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2237 | −0.129% | $2.9M | $2.0M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2241 | +0.045% | $375K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2239 | −0.045% | $1.4M | $601K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
OKX THETA-USDT-SWAP
BingX THETA-USDT
Injective THETA/USDC PERP
Aster 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 | 0.2242 | +0.089% | $979K | $116K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2241 | +0.045% | $1.3M | $677K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2242 | +0.089% | $162K | $192K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT