Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.487%
Price spread now: Binance against BingX+0.192%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days−0.406%−$41 on $10k
+Price spread, last 7 days−0.166%−$17 · spread now +0.192%, 7d avg −0.073%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.265% dearer against BingX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 7 days funding on this pair cost −0.406%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STEEM-USDT | 0.05743 | 0.0070 | pay 0.0035% / 4h | 1h 00m | — | $1.6M | — |
| Short | Binance STEEMUSDT | 0.05754 | 0.0100 | get 0.0050% / 4h | 1h 00m | $2.1M | $3.4M | 25x |
BingX STEEM-USDT
Binance STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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: +0.192% → −0.073%
- $26.48
- Slippage, 4 orders
- −$86.9
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$74.12
- Costs to cover
- 1.069%
- Break-even
- 89.4 days
Slippage from BingX: live order book, 12 min ago; Binance: 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 BingX live order book, 12 min ago | 5.24 bp | 23.9 bp −$24 | 75.0 bp −$750 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.87 bp | 27.7 bp −$28 | 93.3 bp −$933 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | −0.0379% | 1h | 0.05769 | +0.456% | $8K | $5K | 10x | as long as short |
| BingX STEEM-USDTlong | +0.0070% | 4h | 0.05743 | long leg | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05752 | +0.150% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDTshort | +0.0100% | 4h | 0.05754 | +0.192% | $2.1M | $3.4M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05754 | +0.192% | $425K | $115K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05748 | +0.087% | $418K | $92K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05751 | +0.139% | $449K | $239K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05739 | −0.070% | $40K | $32K | 20x | as long as short |
| Variational Omni STEEM | +0.0736% | 4h | 0.05725 | −0.309% | $12K | $147 | — | as long as short |
| Gate STEEM_USDT | +0.1416% | 4h | 0.05747 | +0.070% | $287K | $121K | 20x | as long as short |
Kraken Futures PF_STEEMUSD
Aster STEEMUSDT
MEXC STEEM_USDT
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 | +0.2142% | 4h | 0.05729 | −0.244% | $1.3M | $972K | 13x | as long as short |
Bybit STEEMUSDT