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 Bybit−0.134%92s7-day average +0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as 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−$770.765% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.134%, 7d avg +0.099%
=Funding pays, the price is against you. BloFin is 0.233% cheaper against Bybit than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of +0.099%). If the spread goes back, that is −$23 on $10k: about 6.5 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.076% in total) that is about 21 days. The two prices were read 92 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 | Bybit THETAUSDT | 0.2231 | 0.0100 | pay 0.0100% / 8h | 1h 21m | $3.0M | $2.8M | 75x |
| Short | BloFin THETA-USDT | 0.2228 | 0.0220 | get 0.0220% / 8h | 1h 21m | $154K | $193K | 75x |
Bybit THETAUSDT
BloFin THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: −0.134% → +0.099%
- −$23.3
- Slippage, 4 orders
- −$53.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$74.63
- Costs to cover
- 0.765%
- Break-even
- 27.7 days
Slippage from Bybit: live order book, 6 min ago; BloFin: live order book, 54 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 Bybit live order book, 6 min ago | 4.51 bp | 16.2 bp −$16 | 59.5 bp −$595 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 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 | −0.0663% | 1h | 0.2231 | +0.003% | $84K | $66K | 20x | as long as short |
| Variational Omni THETA | −0.0195% | 8h | 0.2222 | −0.398% | $290K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.258% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2233 | +0.090% | — | $2.5M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2233 | +0.111% | $17K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2233 | +0.090% | $3.2M | $6.2M | 75x | as long as short |
| Bybit THETAUSDTlong | +0.0100% | 8h | 0.2231 | long leg | $3.0M | $2.8M | 75x | |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2231 | 0.000% | $621K | $1.4M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2233 | +0.090% | $373K | $158K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2233 | +0.090% | $1.4M | $592K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
Aster THETAUSDT
Binance 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 | 0.2231 | 0.000% | $1.0M | $418K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2232 | +0.045% | $1.2M | $875K | 50x | as long as short |
| BloFin THETA-USDTshort | +0.0220% | 8h | 0.2228 | −0.134% | $154K | $193K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT