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: MEXC against BloFin−0.089%79s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as 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−$580.578% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.089%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and MEXC is 0.079% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 79 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 | 0.2237 | 0.0220 | pay 0.0220% / 8h | 2h 03m | $154K | $193K | 75x |
| Short | MEXC THETA_USDT | 0.2235 | 0.0100 | get 0.0100% / 8h | 2h 03m | $1.4M | $594K | 100x |
BloFin THETA-USDT
MEXC THETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.089% → −0.011%
- −$7.86
- Slippage, 4 orders
- −$41.85
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$90.91
- Costs to cover
- 0.578%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 12 min ago; MEXC: 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, 12 min ago | 4.50 bp | 16.3 bp −$16 | 44.0 bp −$440 | 339.6 bp −$34.0K | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.24 bp | 11.8 bp −$12 | 29.8 bp −$298 | 156.8 bp −$15.7K | 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 | −0.0409% | 1h | 0.2235 | −0.070% | $88K | $64K | 20x | as long as short |
| Variational Omni THETA | −0.0197% | 8h | 0.2235 | −0.107% | $292K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −4.515% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2234 | −0.134% | — | $2.5M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2235 | −0.078% | $17K | $19K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2235 | −0.089% | $3.2M | $6.2M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2232 | −0.210% | $3.0M | $2.8M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2234 | −0.134% | $624K | $1.5M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2237 | 0.000% | $375K | $166K | 50x | as long as short |
| MEXC THETA_USDTshort | +0.0100% | 8h | 0.2235 | −0.089% | $1.4M | $594K | 100x |
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_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin THETAUSDTM | +0.0100% | 8h | 0.2236 | −0.045% | $1.0M | $418K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2235 | −0.089% | $1.2M | $870K | 50x | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2237 | long leg | $154K | $193K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT