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: Bybit against BloFin−0.314%62s7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as 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−$860.857% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)+0.250%+$25 · spread now −0.314%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.215% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.100%). Swap the legs. The two prices were read 62 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 | 0.2227 | 0.0220 | pay 0.0220% / 8h | 2h 30m | $156K | $191K | 75x |
| Short | Bybit THETAUSDT | 0.2220 | 0.0100 | get 0.0100% / 8h | 2h 30m | $3.1M | $2.6M | 75x |
BloFin THETA-USDT
Bybit THETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.314% → −0.100%
- −$21.46
- Slippage, 4 orders
- −$62.71
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$132.37
- Costs to cover
- 0.857%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 50 min ago; Bybit: live order book, 2 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, 50 min ago | 6.58 bp | 22.9 bp −$23 | 66.5 bp −$665 | 257.2 bp −$25.7K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.50 bp | 26.3 bp −$26 | 89.6 bp −$896 | 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 | −0.0411% | 1h | 0.2222 | −0.208% | $88K | $64K | 20x | as long as short |
| Variational Omni THETA | −0.0210% | 8h | 0.2219 | −0.352% | $291K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.086% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2220 | −0.314% | — | $2.5M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2225 | −0.082% | $16K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2222 | −0.225% | $3.1M | $6.1M | 75x | as long as short |
| Bybit THETAUSDTshort | +0.0100% | 8h | 0.2220 | −0.314% | $3.1M | $2.6M | 75x | |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2223 | −0.180% | $620K | $1.4M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2222 | −0.225% | $372K | $164K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2222 | −0.225% | $1.3M | $582K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
Aster THETAUSDT
Binance 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 | 0.2223 | −0.180% | $1.0M | $415K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2223 | −0.180% | $1.2M | $854K | 50x | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2227 | long leg | $156K | $191K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT