Funding you earn now, next payment 00:00 UTC−0.0234%/8h= −25.7% APRnext payment −$2.34 per $10,000 · paid last 24h −0.009%
Price spread now: OKX against BloFin+0.044%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.044%, 7d avg −0.053%
=The price spread pays, funding is against you. OKX is 0.098% dearer against BloFin than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.053%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.087% in total) that is about 7.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin THETA-USDT | 0.2252 | 0.0220 | pay 0.0220% / 8h | 40m 53s | $162K | $189K | 75x |
| Short | OKX THETA-USDT-SWAP | 0.2253 | −0.0014 | pay 0.0014% / 8h | 40m 53s | $669K | $1.4M | 20x |
BloFin THETA-USDT
OKX THETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$49.21
- Price spread: +0.044% → −0.053%
- $9.75
- Slippage, 4 orders
- −$77.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$139.24
- Costs to cover
- 0.998%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 min ago; OKX: live order book, 1 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, 29 min ago | 8.97 bp | 19.1 bp −$19 | 42.5 bp −$425 | 318.5 bp −$31.9K | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.22 bp | 30.2 bp −$30 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni THETA | −0.0537% | 8h | 0.2256 | +0.165% | $294K | $74K | — | as long as short |
| Kraken Futures PF_THETAUSD | −0.0163% | 1h | 0.2255 | +0.141% | $82K | $58K | 20x | as long as short |
| BingX THETA-USDT | −0.0016% | 8h | 0.2255 | +0.133% | — | $2.4M | — | as long as short |
| OKX THETA-USDT-SWAPshort | −0.0014% | 8h | 0.2253 | +0.044% | $669K | $1.4M | 20x | |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −5.151% | $208 | $25K | 5.5x | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2257 | +0.214% | $8K | $3K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2255 | +0.143% | $3.2M | $4.9M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2252 | −0.018% | $2.9M | $2.1M | 75x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2255 | +0.133% | $379K | $134K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2256 | +0.178% | $1.4M | $589K | 100x | as long as short |
Variational Omni THETA
Kraken Futures PF_THETAUSD
BingX THETA-USDT
Injective THETA/USDC PERP
Aster THETAUSDT
Binance THETAUSDT
Bybit THETAUSDT
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 | 0.2256 | +0.178% | $1.0M | $122K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2255 | +0.133% | $1.4M | $707K | 50x | as long as short |
| BloFin THETA-USDTlong | +0.0220% | 8h | 0.2252 | long leg | $162K | $189K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT