Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.072%101s7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as 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−$880.879% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.072%, 7d avg +0.003%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.075% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 101 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 | 0.2211 | 0.0220 | pay 0.0220% / 8h | 5h 07m | $153K | $171K | 75x |
| Short | Binance THETAUSDT | 0.2209 | 0.0100 | get 0.0100% / 8h | 5h 07m | $3.1M | $5.8M | 75x |
BloFin THETA-USDT
Binance THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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: −0.072% → +0.003%
- −$7.45
- Slippage, 4 orders
- −$65.89
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$120.54
- Costs to cover
- 0.879%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 30 min ago; Binance: live order book, 9 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, 30 min ago | 2.26 bp | 23.8 bp −$24 | 52.1 bp −$521 | 388.2 bp −$38.8K | doesn't fit |
| Sell Binance live order book, 9 min ago | 2.26 bp | 22.2 bp −$22 | 68.1 bp −$681 | 452.2 bp −$45.2K | doesn't fit |
THETA on 13 exchanges
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 | −0.0511% | 1h | 0.2211 | +0.012% | $79K | $68K | 20x | as long as short |
| Variational Omni THETA | −0.0441% | 8h | 0.2204 | −0.296% | $289K | $63K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −3.392% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2208 | −0.136% | — | $2.4M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2213 | +0.088% | $16K | $19K | 5x | as long as short |
| Binance THETAUSDTshort | +0.0100% | 8h | 0.2209 | −0.072% | $3.1M | $5.8M | 75x | |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2207 | −0.181% | $3.0M | $2.8M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2209 | −0.090% | $611K | $1.3M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2212 | +0.045% | $375K | $140K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2209 | −0.090% | $1.3M | $525K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
Aster THETAUSDT
Bybit THETAUSDT
OKX THETA-USDT-SWAP
Gate THETA_USDT
MEXC THETA_USDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2209 | −0.090% | $1.0M | $410K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2210 | −0.045% | $1.2M | $882K | 50x | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2211 | long leg | $153K | $171K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT