Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.022%
Price spread now: BloFin against KuCoin+0.088%50s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as 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−$1171.172% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.088%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.076% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 50 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 | KuCoin THETAUSDTM | 0.2273 | 0.0100 | pay 0.0100% / 8h | 5h 10m | $1.1M | $305K | 50x |
| Short | BloFin THETA-USDT | 0.2275 | 0.0220 | get 0.0220% / 8h | 5h 10m | $162K | $172K | 75x |
KuCoin THETAUSDTM
BloFin THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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: +0.088% → +0.012%
- $7.64
- Slippage, 4 orders
- −$93.18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$84.34
- Costs to cover
- 1.172%
- Break-even
- 30.4 days
Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 27 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 KuCoin live order book, 4 min ago | 2.20 bp | 36.5 bp −$36 | 115.6 bp −$1,156 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 6.64 bp | 24.2 bp −$24 | 53.5 bp −$535 | 222.8 bp −$22.3K | 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 | −0.0470% | 1h | 0.2274 | +0.050% | $83K | $55K | 20x | as long as short |
| Variational Omni THETA | −0.0224% | 8h | 0.2270 | −0.129% | $296K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −6.027% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2275 | +0.088% | — | $2.4M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2274 | +0.028% | $8K | $4K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2275 | +0.103% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2273 | 0.000% | $3.1M | $2.1M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2272 | −0.044% | $646K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2275 | +0.088% | $397K | $129K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2274 | +0.044% | $1.5M | $559K | 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
OKX THETA-USDT-SWAP
Gate THETA_USDT
MEXC THETA_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTMlong | +0.0100% | 8h | 0.2273 | long leg | $1.1M | $305K | 50x | |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2274 | +0.044% | $1.3M | $616K | 50x | as long as short |
| BloFin THETA-USDTshort | +0.0220% | 8h | 0.2275 | +0.088% | $162K | $172K | 75x |
Bitget THETAUSDT