Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against BloFin+0.225%93s7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as 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−$1181.184% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)−0.321%−$32 · spread now +0.225%, 7d avg −0.056%
=The price spread pays, funding is against you. OKX is 0.281% dearer against BloFin than usual: you sell high and buy low (spread +0.225% now, against its 7-day average of −0.056%): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.8 days. At the pace of the last 7 days (−0.100% in total) that is about 20 days. The two prices were read 93 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 | 0.2220 | 0.0220 | pay 0.0220% / 8h | 2h 13m | $155K | $191K | 75x |
| Short | OKX THETA-USDT-SWAP | 0.2225 | 0.0100 | get 0.0100% / 8h | 2h 13m | $623K | $1.5M | 20x |
BloFin THETA-USDT
OKX THETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.225% → −0.056%
- $28.1
- Slippage, 4 orders
- −$96.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$115.51
- Costs to cover
- 1.184%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 4.50 bp | 16.3 bp −$16 | 44.0 bp −$440 | 339.6 bp −$34.0K | doesn't fit |
| Sell OKX live order book, 3 min ago | 4.50 bp | 42.1 bp −$42 | doesn't fit | 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 | −0.0410% | 1h | 0.2227 | +0.321% | $88K | $64K | 20x | as long as short |
| Variational Omni THETA | −0.0203% | 8h | 0.2219 | −0.062% | $290K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −3.784% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2227 | +0.315% | — | $2.5M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2229 | +0.391% | $16K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2227 | +0.329% | $3.1M | $6.2M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2226 | +0.270% | $3.0M | $2.8M | 75x | as long as short |
| OKX THETA-USDT-SWAPshort | +0.0100% | 8h | 0.2225 | +0.225% | $623K | $1.5M | 20x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2227 | +0.315% | $373K | $165K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2228 | +0.360% | $1.4M | $594K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
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 | 0.2226 | +0.270% | $1.0M | $418K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2229 | +0.405% | $1.2M | $873K | 50x | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2220 | long leg | $155K | $191K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT