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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 +0.022%
Price spread now: BloFin against Binance−0.114%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$900.897% of the position
Long on BinanceShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.114%, 7d avg +0.001%
Together, before fees+0.189%+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.116% cheaper against Binance than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of +0.001%). If the spread goes back, that is −$12 on $10k: about 3.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.065% in total) that is about 12 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance THETAUSDT0.22240.0100pay 0.0100% / 8h17m 17s$3.1M$6.2M75x
ShortBloFin THETA-USDT0.22210.0220get 0.0220% / 8h17m 17s$155K$193K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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: −0.114% → +0.001%
−$11.56
Slippage, 4 orders
−$67.69
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$76.05
Costs to cover
0.897%
Break-even
28.1 days
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 53 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 Binance live order book, 6 min ago2.26 bp19.1 bp −$1989.8 bp −$8984238.0 bp −$423.8Kdoesn't fit
Sell BloFin live order book, 53 min ago4.48 bp27.7 bp −$2848.0 bp −$480209.0 bp −$20.9Kdoesn'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−0.0284%1h0.2224+0.008%$80K$70K20xas long as short
Variational Omni THETA−0.0246%8h0.2209−0.671%$289K$74K—as long as short
Injective THETA/USDC PERP+0.0033%1h0.2136−3.937%$208$25K5.5xas long as short
Aster THETAUSDT+0.0100%8h0.2223−0.045%$16K$19K5xas long as short
Binance THETAUSDTlong+0.0100%8h0.2224long leg$3.1M$6.2M75x
Bybit THETAUSDT+0.0100%8h0.2221−0.114%$3.0M$2.8M75xas long as short
OKX THETA-USDT-SWAP+0.0100%8h0.2222−0.069%$619K$1.4M20xas long as short
Gate THETA_USDT+0.0100%8h0.2221−0.114%$372K$157K50xas long as short
MEXC THETA_USDT+0.0100%8h0.2223−0.024%$1.4M$573K100xas long as short
KuCoin THETAUSDTM+0.0100%8h0.2221−0.114%$1.0M$418K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget THETAUSDT+0.0100%8h0.2223−0.024%$1.2M$873K50xas long as short
BingX THETA-USDT+0.0100%8h0.2222−0.069%—$2.5M—as long as short
BloFin THETA-USDTshort+0.0220%8h0.2221−0.114%$155K$193K75x