Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.009%
Price spread now: Bitget against BloFin+0.224%65s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 3 days (all we have)−0.255%−$26 · spread now +0.224%, 7d avg +0.010%
=The price spread pays, funding is against you. Bitget is 0.214% dearer against BloFin than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of +0.010%): +$21 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.095% in total) that is about 16 days. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin THETA-USDT | 0.2237 | 0.0220 | pay 0.0220% / 8h | 1h 42m | $162K | $190K | 75x |
| Short | Bitget THETAUSDT | 0.2242 | 0.0100 | get 0.0100% / 8h | 1h 42m | $1.3M | $704K | 50x |
BloFin THETA-USDT
Bitget THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- −$25.2
- Price spread: +0.224% → +0.010%
- $21.37
- Slippage, 4 orders
- −$58.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$85.96
- Costs to cover
- 0.821%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 min ago; Bitget: live order book, 4 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 BloFin live order book, 33 min ago | 2.23 bp | 9.9 bp −$10 | 38.3 bp −$383 | 288.6 bp −$28.9K | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.47 bp | 22.5 bp −$22 | 60.3 bp −$603 | 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 | −0.1003% | 1h | 0.2246 | +0.404% | $82K | $58K | 20x | as long as short |
| Variational Omni THETA | −0.0691% | 8h | 0.2232 | −0.211% | $292K | $74K | — | as long as short |
| BingX THETA-USDT | −0.0082% | 8h | 0.2241 | +0.179% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAP | −0.0074% | 8h | 0.2241 | +0.179% | $666K | $1.4M | 20x | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.515% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2242 | +0.244% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2243 | +0.282% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2240 | +0.121% | $2.9M | $2.0M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2241 | +0.179% | $374K | $139K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2243 | +0.268% | $1.4M | $585K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
BingX THETA-USDT
OKX THETA-USDT-SWAP
Injective THETA/USDC PERP
Aster THETAUSDT
Binance 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 | 0.2242 | +0.224% | $992K | $122K | 50x | as long as short |
| Bitget THETAUSDTshort | +0.0100% | 8h | 0.2242 | +0.224% | $1.3M | $704K | 50x | |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2237 | long leg | $162K | $190K | 75x |
KuCoin THETAUSDTM