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: BloFin against OKX−0.356%53s7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as 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−$1061.059% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.428%+$43 · spread now −0.356%, 7d avg +0.062%
=Funding pays, the price is against you. BloFin is 0.417% cheaper against OKX than usual: you would sell low and buy high (spread −0.356% now, against its 7-day average of +0.062%). If the spread goes back, that is −$42 on $10k: about 12 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.100% in total) that is about 29 days. The two prices were read 53 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 | OKX THETA-USDT-SWAP | 0.2249 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $631K | $1.3M | 20x |
| Short | BloFin THETA-USDT | 0.2241 | 0.0220 | get 0.0220% / 8h | 4h 44m | $160K | $179K | 75x |
OKX THETA-USDT-SWAP
BloFin THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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: −0.356% → +0.062%
- −$41.73
- Slippage, 4 orders
- −$83.88
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$122.41
- Costs to cover
- 1.059%
- Break-even
- 41.0 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 53 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 OKX live order book, 2 min ago | 2.23 bp | 29.2 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 53 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 | −0.0499% | 1h | 0.2244 | −0.201% | $82K | $35K | 20x | as long as short |
| Variational Omni THETA | −0.0195% | 8h | 0.2242 | −0.330% | $293K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.024% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2250 | +0.044% | — | $2.4M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2247 | −0.102% | $8K | $5K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2249 | +0.002% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2248 | −0.044% | $3.1M | $2.1M | 75x | as long as short |
| OKX THETA-USDT-SWAPlong | +0.0100% | 8h | 0.2249 | long leg | $631K | $1.3M | 20x | |
| Gate THETA_USDT | +0.0100% | 8h | 0.2248 | −0.044% | $385K | $134K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2249 | 0.000% | $1.4M | $553K | 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 | 0.2249 | 0.000% | $1.1M | $309K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2250 | +0.044% | $1.3M | $603K | 50x | as long as short |
| BloFin THETA-USDTshort | +0.0220% | 8h | 0.2241 | −0.356% | $160K | $179K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT