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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

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binance.com/en/futures/fun is this the index you were referring to?

binance.com

Crypto Futures Real-Time Funding Rate | Binance Futures

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That gives the current value but not the index composition

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I'm sorry, I don't follow. What is an index composition?

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Like what exchanges/markets are part of the index

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Thank you. In this blog post binance.com/en/blog/421499 they mention that the premium index is based on the price difference between perps and mark price. Not sure if this is what you were looking for though.

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Nope, that doesn't clarify how the calculate the mark price

7:24 AM · May 28, 2020Twitter Web App

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I think the answer here is likely that the silently changed their THETA index to just be Binance without saying anything, but idk for sure

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because binance is the only exchange with price discovery (D/W allowed). huobi trading at dream prices because only very few people have theta funds on that exchange, so there's noone to do the arbitrage.

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