Funding you earn now, next payment 00:00 UTC−0.0168%/8h= −18.4% APRnext payment −$1.68 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against Bybit+0.162%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$900.901% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.162%, 7d avg +0.068%
=The price spread pays, funding is against you. BingX is 0.094% dearer against Bybit than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of +0.068%): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.084% in total) that is about 7.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit THETAUSDT | 0.2227 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $2.9M | $2.1M | 75x |
| Short | BingX THETA-USDT | 0.2231 | −0.0068 | pay 0.0068% / 8h | 1h 14m | — | $2.4M | — |
Bybit THETAUSDT
BingX THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$35.28
- Price spread: +0.162% → +0.068%
- $9.38
- Slippage, 4 orders
- −$69.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$116.02
- Costs to cover
- 0.901%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 9 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 Bybit live order book, 2 min ago | 2.25 bp | 25.2 bp −$25 | 73.8 bp −$738 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 6.72 bp | 23.0 bp −$23 | 53.1 bp −$531 | 294.3 bp −$29.4K | 496.1 bp −$248.0K |
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 | −0.1010% | 1h | 0.2232 | +0.217% | $81K | $58K | 20x | as long as short |
| Variational Omni THETA | −0.0620% | 8h | 0.2225 | −0.120% | $291K | $74K | — | as long as short |
| BingX THETA-USDTshort | −0.0068% | 8h | 0.2231 | +0.162% | — | $2.4M | — | |
| OKX THETA-USDT-SWAP | −0.0063% | 8h | 0.2230 | +0.117% | $662K | $1.3M | 20x | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.103% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2231 | +0.166% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2232 | +0.192% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDTlong | +0.0100% | 8h | 0.2227 | long leg | $2.9M | $2.1M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2229 | +0.072% | $372K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2232 | +0.207% | $1.4M | $587K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
OKX THETA-USDT-SWAP
Injective THETA/USDC PERP
Aster THETAUSDT
Binance 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 | 0.2231 | +0.162% | $987K | $122K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2231 | +0.162% | $1.3M | $670K | 50x | as long as short |
| BloFin THETA-USDT | +0.0220% | 8h | 0.2231 | +0.162% | $161K | $187K | 75x | as long as short |
KuCoin THETAUSDTM
Bitget THETAUSDT
BloFin THETA-USDT