THETA

Alert: funding

Alert: spread

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 Binance+0.182%61s7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as 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−$770.772% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.182%, 7d avg +0.004%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.179% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 61 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	Binance THETAUSDT	0.2234	0.0100	pay 0.0100% / 8h	2h 02m	$3.1M	$6.2M	75x
Short	BloFin THETA-USDT	0.2238	0.0220	get 0.0220% / 8h	2h 02m	$155K	$193K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now +0.182%Rate

Funding earned: $25.2
Price spread: +0.182% → +0.004%: $17.86
Slippage, 4 orders: −$55.24
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.19
Costs to cover: 0.772%
Break-even: 16.5 days

Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 13 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 Binance live order book, 6 min ago	2.23 bp	22.2 bp −$22	84.6 bp −$846	4213.6 bp −$421.4K	doesn't fit
Sell BloFin live order book, 13 min ago	4.50 bp	21.4 bp −$21	44.2 bp −$442	211.1 bp −$21.1K	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	−0.0409%	1h	0.2234	−0.002%	$88K	$64K	20x	as long as short
Variational Omni THETA	−0.0197%	8h	0.2235	+0.030%	$292K	$74K	—	as long as short
Injective THETA/USDC PERP	+0.0033%	1h	0.2136	−4.384%	$208	$25K	5.5x	as long as short
BingX THETA-USDT	+0.0070%	8h	0.2234	+0.003%	—	$2.5M	—	as long as short
Aster THETAUSDT	+0.0100%	8h	0.2235	+0.046%	$17K	$19K	5x	as long as short
Binance THETAUSDTlong	+0.0100%	8h	0.2234	long leg	$3.1M	$6.2M	75x
Bybit THETAUSDT	+0.0100%	8h	0.2233	−0.042%	$3.0M	$2.8M	75x	as long as short
OKX THETA-USDT-SWAP	+0.0100%	8h	0.2234	+0.003%	$625K	$1.5M	20x	as long as short
Gate THETA_USDT	+0.0100%	8h	0.2237	+0.137%	$375K	$166K	50x	as long as short
MEXC THETA_USDT	+0.0100%	8h	0.2234	+0.003%	$1.4M	$594K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	0.2236	+0.093%	$1.0M	$418K	50x	as long as short
Bitget THETAUSDT	+0.0100%	8h	0.2236	+0.093%	$1.2M	$870K	50x	as long as short
BloFin THETA-USDTshort	+0.0220%	8h	0.2238	+0.182%	$155K	$193K	75x