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1) ftx.com/trade/THETA-PE is now trading at about $0.35. Binance is at about $0.30, Huobi is about $0.43, and OKEx is about $0.3; so it makes sense, I guess, to be somewhere in that range.

SBF

@SBF_FTX

May 28, 2020

2) Note that Binance perps are totally dislocated from the market. That's because: 1) they cap their funding. The upside is lower funding; the downside is there's nothing that forces their perp price to be the same as the index 2) not sure what their index is, can't find it

SBF

@SBF_FTX

3) THETA trading has been pretty wild the last day! It's gone up and down 50%. But because of the mainnet upgrade, most exchanges are deposit/withdrawal blocked, and so no one can arb them--so they're all dislocated from each other.

5:32 AM · May 28, 2020Twitter Web App

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On a more positive note, traders thank you and

@FTX_Official

team for giving us an opportunity to take part on the other side of the market, thus enabling a better equilibrium and market participation for proper price discovery! :)

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make sense to include exchanges without depo of theta where with 10K$ u can manipulate prices higher so as to extract nice funding on ftx . meanwhile stay at the mercy of huobi/okex to enable deposits. binance capped funding is not at its cap right now with proper d/w available.

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To be clear: 1) Binance was d/w blocked until very recently as well 2) it doesn't do much if everywhere else is d/w blocked, there's nowhere to send it 3) for most of the time Binance was the spot exchange trading most out of line

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