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: Bitget against BloFin−0.176%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$930.934% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.176%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.186% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin THETA-USDT | 0.2270 | 0.0220 | pay 0.0220% / 8h | 5h 07m | $162K | $172K | 75x |
| Short | Bitget THETAUSDT | 0.2266 | 0.0100 | get 0.0100% / 8h | 5h 07m | $1.3M | $613K | 50x |
BloFin THETA-USDT
Bitget THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.176% → +0.009%
- −$18.56
- Slippage, 4 orders
- −$69.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$137.13
- Costs to cover
- 0.934%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 30 min ago; Bitget: live order book, 4 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, 30 min ago | 6.64 bp | 20.4 bp −$20 | 38.9 bp −$389 | 245.8 bp −$24.6K | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.39 bp | 24.3 bp −$24 | 73.2 bp −$732 | 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 | −0.0471% | 1h | 0.2267 | −0.132% | $83K | $55K | 20x | as long as short |
| Variational Omni THETA | −0.0224% | 8h | 0.2270 | +0.003% | $296K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.903% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2266 | −0.176% | — | $2.4M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2267 | −0.123% | $8K | $4K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2266 | −0.184% | $3.2M | $4.8M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2264 | −0.264% | $3.1M | $2.1M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2264 | −0.264% | $643K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2268 | −0.088% | $395K | $129K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2265 | −0.220% | $1.4M | $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 THETAUSDTM | +0.0100% | 8h | 0.2265 | −0.220% | $1.1M | $305K | 50x | as long as short |
| Bitget THETAUSDTshort | +0.0100% | 8h | 0.2266 | −0.176% | $1.3M | $613K | 50x | |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2270 | long leg | $162K | $172K | 75x |
KuCoin THETAUSDTM