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: MEXC against BloFin+0.353%79s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as 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−$550.553% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.448%−$45 · spread now +0.353%, 7d avg −0.015%

Together, before fees−0.513%−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.367% dearer against BloFin than usual: you sell high and buy low (spread +0.353% now, against its 7-day average of −0.015%): +$37 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.064% in total) that is about 40 days. The two prices were read 79 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	0.2268	0.0220	pay 0.0220% / 8h	3h 05m	$162K	$188K	75x
Short	MEXC THETA_USDT	0.2276	0.0100	get 0.0100% / 8h	3h 05m	$1.3M	$600K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now +0.353%Rate

Funding earned: −$25.2
Price spread: +0.353% → −0.015%: $36.75
Slippage, 4 orders: −$39.32
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$43.77
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from BloFin: live order book, 14 min ago; MEXC: live order book, 5 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, 14 min ago	6.58 bp	22.9 bp −$23	66.5 bp −$665	257.2 bp −$25.7K	doesn't fit
Sell MEXC live order book, 5 min ago	2.20 bp	6.9 bp −$7	25.2 bp −$252	147.5 bp −$14.7K	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	−0.0590%	1h	0.2276	+0.374%	$90K	$55K	20x	as long as short
Variational Omni THETA	−0.0218%	8h	0.2274	+0.247%	$297K	$74K	—	as long as short
Injective THETA/USDC PERP	+0.0033%	1h	0.2136	−5.820%	$208	$25K	5.5x	as long as short
BingX THETA-USDT	+0.0070%	8h	0.2275	+0.309%	—	$2.5M	—	as long as short
Aster THETAUSDT	+0.0100%	8h	0.2275	+0.329%	$16K	$18K	5x	as long as short
Binance THETAUSDT	+0.0100%	8h	0.2275	+0.319%	$3.3M	$5.8M	75x	as long as short
Bybit THETAUSDT	+0.0100%	8h	0.2274	+0.269%	$3.2M	$2.5M	75x	as long as short
OKX THETA-USDT-SWAP	+0.0100%	8h	0.2271	+0.132%	$636K	$1.4M	20x	as long as short
Gate THETA_USDT	+0.0100%	8h	0.2275	+0.309%	$387K	$156K	50x	as long as short
MEXC THETA_USDTshort	+0.0100%	8h	0.2276	+0.353%	$1.3M	$600K	100x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	0.2275	+0.309%	$1.0M	$398K	50x	as long as short
Bitget THETAUSDT	+0.0100%	8h	0.2276	+0.353%	$1.3M	$798K	50x	as long as short
BloFin THETA-USDTlong	+0.0220%	8h	0.2268	long leg	$162K	$188K	75x