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: Bybit against BingX−0.093%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$910.906% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.093%, 7d avg −0.068%
=Funding pays, the price is against you. Bybit is 0.025% cheaper against BingX than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.068%). If the spread goes back, that is −$2 on $10k: about 2.8 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX THETA-USDT | 0.2253 | 0.0070 | pay 0.0070% / 8h | 3h 50m | — | $2.4M | — |
| Short | Bybit THETAUSDT | 0.2251 | 0.0100 | get 0.0100% / 8h | 3h 50m | $3.1M | $2.1M | 75x |
BingX THETA-USDT
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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: −0.093% → −0.068%
- −$2.49
- Slippage, 4 orders
- −$69.64
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$86.83
- Costs to cover
- 0.906%
- Break-even
- 103.5 days
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 2 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 BingX live order book, 9 min ago | 6.66 bp | 23.5 bp −$23 | 56.8 bp −$568 | 407.2 bp −$40.7K | 527.1 bp −$263.5K |
| Sell Bybit live order book, 2 min ago | 4.44 bp | 20.6 bp −$21 | 68.9 bp −$689 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_THETAUSD | −0.0596% | 1h | 0.2254 | +0.066% | $82K | $34K | 20x | as long as short |
| Variational Omni THETA | −0.0206% | 8h | 0.2251 | −0.106% | $294K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.193% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDTlong | +0.0070% | 8h | 0.2253 | long leg | — | $2.4M | — | |
| Aster THETAUSDT | +0.0100% | 8h | 0.2256 | +0.133% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2253 | −0.018% | $3.2M | $4.9M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2251 | −0.093% | $3.1M | $2.1M | 75x | |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2250 | −0.133% | $629K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2255 | +0.089% | $381K | $134K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2252 | −0.044% | $1.4M | $571K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
Aster THETAUSDT
Binance THETAUSDT
OKX THETA-USDT-SWAP
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 | 0.2254 | +0.044% | $1.1M | $323K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2256 | +0.133% | $1.2M | $679K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2254 | +0.044% | $158K | $180K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT