Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.008%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$800.802% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.232%+$23 · spread now +0.008%, 7d avg +0.009%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STEEMUSDT | 0.05733 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $2.1M | $3.4M | 25x |
| Short | MEXC STEEM_USDT | 0.05733 | 0.0100 | get 0.0050% / 4h | 1h 11m | $423K | $113K | 20x |
Binance STEEMUSDT
MEXC STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: +0.008% → +0.009%
- −$0.08
- Slippage, 4 orders
- −$62.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$80.28
- Costs to cover
- 0.802%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; MEXC: live order book, 63 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, 10 min ago | 1.75 bp | 26.6 bp −$27 | 105.0 bp −$1,050 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 63 min ago | 0.87 bp | 12.2 bp −$12 | 81.1 bp −$811 | 149.5 bp −$15.0K | 517.7 bp −$258.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | −0.0381% | 1h | 0.05742 | +0.160% | $8K | $5K | 10x | as long as short |
| BingX STEEM-USDT | +0.0070% | 4h | 0.05723 | −0.167% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05735 | +0.035% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDTlong | +0.0100% | 4h | 0.05733 | long leg | $2.1M | $3.4M | 25x | |
| MEXC STEEM_USDTshort | +0.0100% | 4h | 0.05733 | +0.008% | $423K | $113K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05728 | −0.079% | $416K | $92K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05739 | +0.113% | $450K | $239K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05728 | −0.079% | $40K | $32K | 20x | as long as short |
| Variational Omni STEEM | +0.1038% | 4h | 0.05703 | −0.519% | $12K | $147 | — | as long as short |
| Gate STEEM_USDT | +0.1394% | 4h | 0.05739 | +0.113% | $287K | $121K | 20x | as long as short |
Kraken Futures PF_STEEMUSD
BingX STEEM-USDT
Aster STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
HTX STEEM-USDT
Variational Omni STEEM
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.2271% | 4h | 0.05711 | −0.376% | $1.3M | $971K | 13x | as long as short |
Bybit STEEMUSDT