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 Gate+0.391%48s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as 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−$1521.521% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.295%−$30 · spread now +0.391%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.361% dearer against Gate than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 48 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 | Gate THETA_USDT | 0.2300 | 0.0100 | pay 0.0100% / 8h | 3h 26m | $389K | $148K | 50x |
| Short | BloFin THETA-USDT | 0.2309 | 0.0220 | get 0.0220% / 8h | 3h 26m | $158K | $190K | 75x |
Gate THETA_USDT
BloFin THETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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: +0.391% → +0.030%
- $36.14
- Slippage, 4 orders
- −$125.12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$90.77
- Costs to cover
- 1.521%
- Break-even
- 32.2 days
Slippage from Gate: live order book, 24 min ago; BloFin: live order book, 64 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 Gate live order book, 24 min ago | 4.45 bp | 44.9 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 64 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 | −0.0585% | 1h | 0.2296 | −0.154% | $84K | $35K | 20x | as long as short |
| Variational Omni THETA | −0.0223% | 8h | 0.2289 | −0.496% | $299K | $74K | — | as long as short |
| Injective THETA/USDC PERP | +0.0033% | 1h | 0.2136 | −7.130% | $208 | $25K | 5.5x | as long as short |
| BingX THETA-USDT | +0.0070% | 8h | 0.2299 | −0.043% | — | $2.5M | — | as long as short |
| Aster THETAUSDT | +0.0100% | 8h | 0.2301 | +0.029% | $8K | $9K | 5x | as long as short |
| Binance THETAUSDT | +0.0100% | 8h | 0.2298 | −0.105% | $3.4M | $5.5M | 75x | as long as short |
| Bybit THETAUSDT | +0.0100% | 8h | 0.2296 | −0.183% | $3.2M | $2.4M | 75x | as long as short |
| OKX THETA-USDT-SWAP | +0.0100% | 8h | 0.2294 | −0.261% | $646K | $1.4M | 20x | as long as short |
| Gate THETA_USDTlong | +0.0100% | 8h | 0.2300 | long leg | $389K | $148K | 50x | |
| MEXC THETA_USDT | +0.0100% | 8h | 0.2298 | −0.087% | $1.4M | $587K | 100x | as long as short |
Kraken Futures PF_THETAUSD
Variational Omni THETA
Injective THETA/USDC PERP
BingX THETA-USDT
Aster THETAUSDT
Binance THETAUSDT
Bybit THETAUSDT
OKX THETA-USDT-SWAP
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 | 0.2298 | −0.087% | $1.0M | $382K | 50x | as long as short |
| Bitget THETAUSDT | +0.0100% | 8h | 0.2298 | −0.087% | $1.3M | $734K | 50x | as long as short |
| BloFin THETA-USDTshort | +0.0220% | 8h | 0.2309 | +0.391% | $158K | $190K | 75x |
KuCoin THETAUSDTM
Bitget THETAUSDT