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: BloFin against Bybit+0.307%82s7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as 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−$980.982% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.307%, 7d avg +0.104%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.203% dearer against Bybit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.104%. The two prices were read 82 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 | Bybit THETAUSDT | 0.2277 | 0.0100 | pay 0.0100% / 8h | 3h 19m | $3.2M | $2.4M | 75x |
| Short | BloFin THETA-USDT | 0.2284 | 0.0220 | get 0.0220% / 8h | 3h 19m | $158K | $189K | 75x |
Bybit THETAUSDT
BloFin THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: +0.307% → +0.104%
- $20.34
- Slippage, 4 orders
- −$75.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$52.69
- Costs to cover
- 0.982%
- Break-even
- 21.6 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 70 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 Bybit live order book, 3 min ago | 2.19 bp | 27.2 bp −$27 | 93.3 bp −$933 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 70 min ago | 2.20 bp | 26.9 bp −$27 | 65.1 bp −$651 | 254.6 bp −$25.5K | 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 | −0.0588% | 1h | 0.2285 | +0.329% | $83K | $35K | 20x | as long as short |
| Variational Omni THETA | −0.0221% | 8h | 0.2285 | +0.356% | $299K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −6.192% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2281 | +0.176% | — | $2.5M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2283 | +0.276% | $9K | $9K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2280 | +0.119% | $3.4M | $5.5M | 75x | as long as short |
| Bybit THETAUSDTlong | +0.0100% | 8h | 0.2277 | long leg | $3.2M | $2.4M | 75x | |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2278 | +0.044% | $639K | $1.4M | 20x | as long as short |
| Gate THETA_USDT | +0.0100% | 8h | 0.2281 | +0.176% | $387K | $151K | 50x | as long as short |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2281 | +0.176% | $1.4M | $590K | 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 | 0.2281 | +0.176% | $1.0M | $383K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2283 | +0.264% | $1.3M | $736K | 50x | as long as short |
| BloFin THETA-USDTshort | +0.0220% | 8h | 0.2284 | +0.307% | $158K | $189K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT