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: Bybit against BloFin+0.090%102s7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as 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−$930.934% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.090%, 7d avg −0.097%
=The price spread pays, funding is against you. Bybit is 0.187% dearer against BloFin than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.097%): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 7 days (−0.076% in total) that is about 17 days. The two prices were read 102 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 | BloFin THETA-USDT | 0.2222 | 0.0220 | pay 0.0220% / 8h | 13m 32s | $155K | $193K | 75x |
| Short | Bybit THETAUSDT | 0.2224 | 0.0100 | get 0.0100% / 8h | 13m 32s | $3.0M | $2.8M | 75x |
BloFin THETA-USDT
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.090% → −0.097%
- $18.68
- Slippage, 4 orders
- −$70.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$99.9
- Costs to cover
- 0.934%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 57 min ago; Bybit: 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, 57 min ago | 4.48 bp | 21.3 bp −$21 | 35.6 bp −$356 | 301.9 bp −$30.2K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.51 bp | 21.2 bp −$21 | 77.6 bp −$776 | 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 | −0.0283% | 1h | 0.2227 | +0.231% | $80K | $70K | 20x | as long as short |
| Variational Omni THETA | −0.0236% | 8h | 0.2220 | −0.105% | $290K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −3.870% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2227 | +0.218% | $16K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2226 | +0.180% | $3.1M | $6.2M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2224 | +0.090% | $3.0M | $2.8M | 75x | |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2223 | +0.045% | $619K | $1.4M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2225 | +0.135% | $373K | $157K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2227 | +0.225% | $1.4M | $574K | 100x | as long as short |
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2224 | +0.090% | $1.0M | $418K | 50x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
Aster THETAUSDT
Binance 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 | 0.2226 | +0.180% | $1.2M | $873K | 50x | as long as short |
| BingX THETA-USDT | +0.0100% | 8h | 0.2225 | +0.135% | — | $2.5M | — | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2222 | long leg | $155K | $193K | 75x |
Bitget THETAUSDT
BingX THETA-USDT