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 Bitget+0.180%75s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as 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−$940.937% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.180%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.188% dearer against Bitget than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 75 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 | Bitget THETAUSDT | 0.2228 | 0.0100 | pay 0.0100% / 8h | 1h 55m | $1.2M | $863K | 50x |
| Short | BloFin THETA-USDT | 0.2232 | 0.0220 | get 0.0220% / 8h | 1h 55m | $156K | $193K | 75x |
Bitget THETAUSDT
BloFin THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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: +0.180% → −0.008%
- $18.79
- Slippage, 4 orders
- −$69.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$49.69
- Costs to cover
- 0.937%
- Break-even
- 20.8 days
Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 19 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 Bitget live order book, 5 min ago | 2.24 bp | 27.3 bp −$27 | 74.0 bp −$740 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 19 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 | 0.2228 | +0.018% | $88K | $64K | 20x | as long as short |
| Variational Omni THETA | −0.0199% | 8h | 0.2231 | +0.139% | $292K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.129% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2230 | +0.090% | — | $2.5M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2231 | +0.154% | $17K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2228 | −0.019% | $3.1M | $6.2M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2226 | −0.090% | $3.0M | $2.8M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2228 | 0.000% | $621K | $1.5M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2232 | +0.180% | $374K | $158K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2228 | 0.000% | $1.4M | $589K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
Aster THETAUSDT
Binance THETAUSDT
Bybit 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 | 0.2228 | 0.000% | $1.0M | $418K | 50x | as long as short |
| Bitget THETAUSDTlong | +0.0100% | 8h | 0.2228 | long leg | $1.2M | $863K | 50x | |
| BloFin THETA-USDTshort | +0.0220% | 8h | 0.2232 | +0.180% | $156K | $193K | 75x |
KuCoin THETAUSDTM