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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

May 28, 2020

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.

Replying to

and

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.

SBF

@SBF_FTX

Replying to

@SargunGulati

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

6:57 AM · May 28, 2020Twitter Web App

Replying to

and

binance spot is the most liquid out of the 3+ it has working deposits/withdraw . okex usdt market has no trades done for the last 15 mins . you can literally raise the price by 5% with 10 k$ . alameda probably lost money to shorters and hoping to recoup with index fudging .

Replying to

Binance has also had the weirdest price action over the last day, rising the highest and then falling the lowest--so I think it's just not clear what the right answer is here. We're using a blend of all 3 to try to be neutral.