THETA

Alert: funding

Alert: spread

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: Bitget against BloFin−0.314%115s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as 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−$940.944% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.314%, 7d avg +0.011%

Together, before fees+0.230%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.325% cheaper against BloFin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 115 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	0.2232	0.0220	pay 0.0220% / 8h	1h 03m	$156K	$193K	75x
Short	Bitget THETAUSDT	0.2225	0.0100	get 0.0100% / 8h	1h 03m	$1.2M	$868K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee BitgetbpOrdersPrice spread, now −0.314%Rate

Funding earned: −$25.2
Price spread: −0.314% → +0.011%: −$32.46
Slippage, 4 orders: −$70.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$152.04
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Bitget: live order book, 3 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, 7 min ago	4.48 bp	21.3 bp −$21	35.6 bp −$356	301.9 bp −$30.2K	doesn't fit
Sell Bitget live order book, 3 min ago	2.24 bp	22.8 bp −$23	60.4 bp −$604	doesn't fit	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	−0.0664%	1h	0.2226	−0.248%	$81K	$69K	20x	as long as short
Variational Omni THETA	−0.0199%	8h	0.2230	−0.107%	$291K	$74K	—	as long as short
Injective THETA/USDC PERP	+0.0033%	1h	0.2136	−4.301%	$208	$25K	5.5x	as long as short
BingX THETA-USDT	+0.0070%	8h	0.2225	−0.314%	—	$2.5M	—	as long as short
Aster THETAUSDT	+0.0100%	8h	0.2226	−0.290%	$16K	$19K	5x	as long as short
Binance THETAUSDT	+0.0100%	8h	0.2225	−0.313%	$3.1M	$6.2M	75x	as long as short
Bybit THETAUSDT	+0.0100%	8h	0.2222	−0.430%	$3.0M	$2.8M	75x	as long as short
OKX THETA-USDT-SWAP	+0.0100%	8h	0.2223	−0.403%	$619K	$1.4M	20x	as long as short
Gate THETA_USDT	+0.0100%	8h	0.2227	−0.224%	$372K	$158K	50x	as long as short
MEXC THETA_USDT	+0.0100%	8h	0.2225	−0.314%	$1.4M	$593K	100x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin THETAUSDTM	+0.0100%	8h	0.2229	−0.134%	$1.0M	$418K	50x	as long as short
Bitget THETAUSDTshort	+0.0100%	8h	0.2225	−0.314%	$1.2M	$868K	50x
BloFin THETA-USDTlong	+0.0220%	8h	0.2232	long leg	$156K	$193K	75x