Conversation

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

Replying to

and

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

binance.com

Crypto Futures Real-Time Funding Rate | Binance Futures

Replying to

and

That gives the current value but not the index composition

Replying to

and

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

Replying to

and

Like what exchanges/markets are part of the index

Replying to

and

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.

Replying to

and

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

Replying to

and

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

7:25 AM · May 28, 2020Twitter Web App

Replying to

and

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.

Replying to

and

thetabtc pair on huobi has a volume of 192k coins in the last 4hr candle, Binance 21M, Okex around 1M. Make the index price volume weighted?