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: Binance against BloFin−0.262%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.262%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.261% cheaper against BloFin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin THETA-USDT | 0.2224 | 0.0220 | pay 0.0220% / 8h | 36m 41s | $154K | $193K | 75x |
| Short | Binance THETAUSDT | 0.2218 | 0.0100 | get 0.0100% / 8h | 36m 41s | $3.1M | $6.2M | 75x |
BloFin THETA-USDT
Binance THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: −0.262% → −0.001%
- −$26.05
- Slippage, 4 orders
- −$65.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$138.52
- Costs to cover
- 0.873%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 34 min ago; Binance: live order book, 2 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, 34 min ago | 4.48 bp | 21.3 bp −$21 | 35.6 bp −$356 | 301.9 bp −$30.2K | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.25 bp | 20.2 bp −$20 | 63.1 bp −$631 | 397.6 bp −$39.8K | 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 | −0.0284% | 1h | 0.2219 | −0.227% | $79K | $71K | 20x | as long as short |
| Variational Omni THETA | −0.0213% | 8h | 0.2222 | −0.109% | $290K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −3.957% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2219 | −0.226% | $16K | $19K | 5x | as long as short |
| Binance THETAUSDTshort | +0.0100% | 8h | 0.2218 | −0.262% | $3.1M | $6.2M | 75x | |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2214 | −0.436% | $3.0M | $2.8M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2217 | −0.315% | $617K | $1.4M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2219 | −0.225% | $372K | $156K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2220 | −0.180% | $1.4M | $572K | 100x | as long as short |
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2218 | −0.270% | $1.0M | $418K | 50x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
Aster THETAUSDT
Bybit THETAUSDT
OKX THETA-USDT-SWAP
Gate THETA_USDT
MEXC THETA_USDT
KuCoin THETAUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget THETAUSDT | +0.0100% | 8h | 0.2220 | −0.180% | $1.2M | $873K | 50x | as long as short |
| BingX THETA-USDT | +0.0100% | 8h | 0.2220 | −0.180% | — | $2.5M | — | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2224 | long leg | $154K | $193K | 75x |
Bitget THETAUSDT
BingX THETA-USDT