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Funding arb · Price arb /

THETA

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.030%
Price spread now: BloFin against OKX0.000%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1161.156% of the position
Long on OKXShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.100%+$10 on $10k
Price spread, last 4 days (all we have)+0.096%+$10 · spread now 0.000%, 7d avg +0.056%
Together, before fees+0.195%+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.056% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.056%). If the spread goes back, that is −$6 on $10k: about 37 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.100% in total) that is about 3.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX THETA-USDT-SWAP0.22500.0100pay 0.0100% / 8h2h 46m$628K$1.4M20x
ShortBloFin THETA-USDT0.22500.0220get 0.0220% / 8h2h 46m$161K$192K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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

Funding earned
$25.2
Price spread: 0.000% → +0.056%
−$5.58
Slippage, 4 orders
−$93.62
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$96
Costs to cover
1.156%
Break-even
33.7 days
Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago4.43 bp38.0 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 34 min ago6.58 bp15.8 bp −$1647.1 bp −$471210.6 bp −$21.1Kdoesn't fit

THETA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_THETAUSD−0.0406%1h0.2253+0.115%$89K$54K20xas long as short
Variational Omni THETA−0.0211%8h0.2256+0.249%$295K$74K—as long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−5.067%$208$25K5.5xas long as short
BingX THETA-USDT+0.0070%8h0.2251+0.044%—$2.5M—as long as short
Aster THETAUSDT+0.0100%8h0.2255+0.216%$16K$18K5xas long as short
Binance THETAUSDT+0.0100%8h0.2252+0.089%$3.2M$5.9M75xas long as short
Bybit THETAUSDT+0.0100%8h0.2250+0.018%$3.1M$2.5M75xas long as short
OKX THETA-USDT-SWAPlong+0.0100%8h0.2250long leg$628K$1.4M20x
Gate THETA_USDT+0.0100%8h0.2257+0.311%$381K$158K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2251+0.044%$1.3M$580K100xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin THETAUSDTM+0.0100%8h0.2252+0.089%$1.0M$406K50xas long as short
Bitget THETAUSDT+0.0100%8h0.2256+0.267%$1.3M$823K50xas long as short
BloFin THETA-USDTshort+0.0220%8h0.22500.000%$161K$192K75x