Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.485%
Price spread now: BingX against Binance−0.052%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1461.462% of the position
Funding, last 7 days+0.472%+$47 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now −0.052%, 7d avg +0.071%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.124% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.071%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.472%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STEEMUSDT | 0.05731 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $2.1M | $3.6M | 25x |
| Short | BingX STEEM-USDT | 0.05728 | 0.0070 | get 0.0035% / 4h | 2h 55m | — | $1.6M | — |
Binance STEEMUSDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$6.3
- Price spread: −0.052% → +0.071%
- −$12.38
- Slippage, 4 orders
- −$126.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$164.92
- Costs to cover
- 1.462%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; BingX: live order book, 6 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 Binance live order book, 11 min ago | 1.72 bp | 46.9 bp −$47 | 158.5 bp −$1,585 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 4.31 bp | 19.7 bp −$20 | 78.5 bp −$785 | doesn't fit | doesn't fit |
STEEM on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDTshort | +0.0070% | 4h | 0.05728 | −0.052% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05735 | +0.063% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDTlong | +0.0100% | 4h | 0.05731 | long leg | $2.1M | $3.6M | 25x | |
| Bybit STEEMUSDT | +0.0100% | 4h | 0.05713 | −0.314% | $1.3M | $1.1M | 13x | as long as short |
| Gate STEEM_USDT | +0.0100% | 4h | 0.05733 | +0.035% | $286K | $112K | 20x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05731 | 0.000% | $417K | $121K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05725 | −0.105% | $411K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05732 | +0.017% | $483K | $294K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05735 | +0.072% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05745 | +0.244% | $40K | $40K | 20x | as long as short |
Aster STEEMUSDT
Bybit STEEMUSDT
Gate STEEM_USDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.2871% | 1h | 0.05773 | +0.735% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD