THE funding rates and arbitrage
Updated 2026-11-11 23:06 UTC
Best THE arbitrage after every cost
No THE pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
THE funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Bitunix | THEUSDT | 0.0406% | 4 h | +88.8% | +35.4% | — | 2026-11-12 00:00 |
| LBank | THEUSDT | 0.0386% | 4 h | +84.5% | +86.6% | — | 2026-11-12 00:00 |
| WOO X | PERP_THE_USDT | 0.0375% | 4 h | +82.0% | +35.7% | $14 | 2026-11-12 00:00 |
| MEXC | THE_USDT | 0.0374% | 4 h | +81.9% | +35.7% | $59.4K | 2026-11-12 00:00 |
| Binance | THEUSDT | 0.0370% | 4 h | +81.1% | +35.7% | $1.6M | 2026-11-12 00:00 |
| BingX | THE-USDT | 0.0366% | 4 h | +80.2% | +37.2% | $239.2K | 2026-11-12 00:00 |
| BloFin | THE-USDT | 0.0362% | 4 h | +79.2% | +34.7% | $91.6K | 2026-11-12 00:00 |
| Aster | THEUSDT | 0.0167% | 4 h | +36.6% | +14.6% | $1.5K | 2026-11-12 00:00 |
| Bybit | THEUSDT | 0.0050% | 4 h | +10.9% | +20.6% | $273.7K | 2026-11-12 00:00 |
| KuCoin | THEUSDTM | 0.0050% | 4 h | +10.9% | +10.9% | $119.7K | 2026-11-12 00:00 |
| Bitget | THEUSDT | 0.0050% | 4 h | +10.9% | −30.9% | $299.9K | 2026-11-12 00:00 |
| Gate | THE_USDT | 0.0050% | 4 h | +10.9% | +11.0% | $33.2K | 2026-11-12 00:00 |
Cost to enter $10,000 of THE
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | THE_USDT | 3.5 bp | top of book only |
| BloFin | THE-USDT | 7.5 bp | top of book only |
| Binance | THEUSDT | 8.0 bp | top of book only |
| Bybit | THEUSDT | 10.0 bp | top of book only |
| BingX | THE-USDT | 11.0 bp | top of book only |
| Bitget | THEUSDT | 13.5 bp | top of book only |
| KuCoin | THEUSDTM | 18.1 bp | top of book only |
| Aster | THEUSDT | 19.1 bp | top of book only |
| Gate | THE_USDT | 22.6 bp | top of book only |
| Binance | THEUSDT (spot) | 40.2 bp | top of book only |
| Gate | THE_USDT (spot) | 79.8 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
Questions
Is THE funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no THE pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest THE funding rate?
Bitunix at +88.8% a year (0.0406% every 4 h); the lowest is Gate at +10.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.