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Funding arb · Price arb /

THETA

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Alert: funding
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Alert: spread
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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: KuCoin against BloFin+0.045%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1381.381% of the position
Long on BloFinShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.035%−$3 on $10k
Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.045%, 7d avg −0.012%
Together, before fees−0.104%−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.056% dearer against BloFin than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.012%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.035% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin THETA-USDT0.22290.0220pay 0.0220% / 8h2h 03m$163K$190K75x
ShortKuCoin THETAUSDTM0.22300.0100get 0.0100% / 8h2h 03m$974K$116K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
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: +0.045% → −0.012%
$5.65
Slippage, 4 orders
−$114.06
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$157.61
Costs to cover
1.381%
Break-even
never at this rate
Slippage from BloFin: live order book, 12 min ago; KuCoin: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 12 min ago2.23 bp9.9 bp −$1038.3 bp −$383288.6 bp −$28.9Kdoesn't fit
Sell KuCoin live order book, 11 min ago11.14 bp41.0 bp −$41126.1 bp −$1,261doesn't fitdoesn't fit

THETA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni THETA−0.0721%8h0.2227−0.094%$291K$74K—as long as short
Kraken Futures PF_THETAUSD−0.0344%1h0.2230+0.064%$81K$58K20xas long as short
OKX THETA-USDT-SWAP−0.0099%8h0.2226−0.135%$644K$1.3M20xas long as short
BingX THETA-USDT−0.0090%8h0.2228−0.045%—$2.4M—as long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−4.172%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2231+0.081%$8K$2K5xas long as short
Binance THETAUSDT+0.0100%8h0.22290.000%$3.2M$4.8M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2224−0.220%$2.9M$2.0M75xas long as short
Gate THETA_USDT+0.0100%8h0.2231+0.090%$373K$139K50xas long as short
MEXC THETA_USDT+0.0100%8h0.22290.000%$1.4M$604K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTMshort+0.0100%8h0.2230+0.045%$974K$116K50x
Bitget THETAUSDT+0.0100%8h0.2230+0.045%$1.3M$676K50xas long as short
BloFin THETA-USDTlong+0.0220%8h0.2229long leg$163K$190K75x