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: Bybit against BloFin+0.178%7-day average −0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$840.840% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 3 days (all we have)−0.294%−$29 · spread now +0.178%, 7d avg −0.095%
=The price spread pays, funding is against you. Bybit is 0.272% dearer against BloFin than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of −0.095%): +$27 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.6 days. At the pace of the last 7 days (−0.060% in total) that is about 32 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin THETA-USDT | 0.2251 | 0.0220 | pay 0.0220% / 8h | 52m 49s | $161K | $188K | 75x |
| Short | Bybit THETAUSDT | 0.2255 | 0.0100 | get 0.0100% / 8h | 52m 49s | $3.0M | $2.1M | 75x |
BloFin THETA-USDT
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.178% → −0.095%
- $27.25
- Slippage, 4 orders
- −$61.03
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$81.98
- Costs to cover
- 0.840%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 17 min ago; Bybit: 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, 17 min ago | 8.97 bp | 19.1 bp −$19 | 42.5 bp −$425 | 318.5 bp −$31.9K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.46 bp | 22.2 bp −$22 | 71.0 bp −$710 | 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 | −0.0554% | 8h | 0.2243 | −0.347% | $293K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0163% | 1h | 0.2256 | +0.204% | $82K | $58K | 20x | as long as short |
| BingX THETA-USDT | −0.0039% | 8h | 0.2257 | +0.267% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAP | −0.0028% | 8h | 0.2256 | +0.222% | $670K | $1.4M | 20x | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.109% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2255 | +0.181% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2258 | +0.293% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2255 | +0.178% | $3.0M | $2.1M | 75x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2254 | +0.133% | $377K | $129K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2255 | +0.178% | $1.4M | $586K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
BingX THETA-USDT
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 | 0.2255 | +0.178% | $999K | $122K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2255 | +0.178% | $1.3M | $706K | 50x | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2251 | long leg | $161K | $188K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT