Funding you earn now, next payment 04:00 UTC+0.0292%/8h= +32.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.238%
Price spread now: Gate against Binance+0.259%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$411as in the Price arb table
costs, in and out, $10k−$4284.278% of the position
Funding, last 7 days+1.463%+$146 on $10k
+Price spread, last 4 days (all we have)+0.513%+$51 · spread now +0.259%, 7d avg +0.092%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.167% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STEEMUSDT | 0.05790 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $2.1M | $3.5M | 25x |
| Short | Gate STEEM_USDT | 0.05805 | 0.0392 | get 0.0196% / 4h | 1h 19m | $281K | $117K | 20x |
Binance STEEMUSDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $61.32
- Price spread: +0.259% → +0.092%
- $16.68
- Slippage, 4 orders
- −$402.75
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$349.75
- Costs to cover
- 4.278%
- Break-even
- 46.9 days
Slippage from Binance: live order book, 1 min ago; Gate: live order book, 37 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, 1 min ago | 1.72 bp | 49.7 bp −$50 | 254.9 bp −$2,549 | doesn't fit | doesn't fit |
| Sell Gate live order book, 37 min ago | 11.27 bp | 177.0 bp −$177 | doesn't fit | 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-USDT | +0.0070% | 4h | 0.05788 | −0.035% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05808 | +0.319% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDTlong | +0.0100% | 4h | 0.05790 | long leg | $2.1M | $3.5M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05796 | +0.104% | $418K | $125K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05797 | +0.121% | $427K | $95K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05793 | +0.052% | $490K | $301K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05787 | −0.044% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05800 | +0.173% | $37K | $48K | 20x | as long as short |
| Gate STEEM_USDTshort | +0.0392% | 4h | 0.05805 | +0.259% | $281K | $117K | 20x | |
| Bybit STEEMUSDT | +0.0969% | 4h | 0.05769 | −0.363% | $1.3M | $1.1M | 13x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Bybit STEEMUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.3126% | 1h | 0.05822 | +0.545% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD