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: Bitget against BingX+0.243%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1301.303% of the position
Funding, last 7 days−0.432%−$43 on $10k
+Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.243%, 7d avg −0.036%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.279% dearer against BingX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.432%, 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 | 0.05755 | 0.0070 | pay 0.0035% / 4h | 2h 57m | — | $1.6M | — |
| Short | Bitget STEEMUSDT | 0.05769 | 0.0100 | get 0.0050% / 4h | 2h 57m | $487K | $293K | 25x |
BingX STEEM-USDT
Bitget STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.243% → −0.036%
- $27.91
- Slippage, 4 orders
- −$108.29
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$96.08
- Costs to cover
- 1.303%
- Break-even
- 113.8 days
Slippage from BingX: live order book, 5 min ago; Bitget: live order book, 4 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, 5 min ago | 4.31 bp | 41.2 bp −$41 | 105.6 bp −$1,056 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.17 bp | 35.5 bp −$35 | 116.2 bp −$1,162 | 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-USDTlong | +0.0070% | 4h | 0.05755 | long leg | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05777 | +0.382% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05768 | +0.218% | $2.1M | $3.6M | 25x | as long as short |
| Bybit STEEMUSDT | +0.0100% | 4h | 0.05754 | −0.017% | $1.3M | $1.1M | 13x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05768 | +0.226% | $427K | $120K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05765 | +0.174% | $414K | $93K | 30x | as long as short |
| Bitget STEEMUSDTshort | +0.0100% | 4h | 0.05769 | +0.243% | $487K | $293K | 25x | |
| Variational Omni STEEM | +0.0100% | 4h | 0.05789 | +0.599% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05769 | +0.243% | $40K | $40K | 20x | as long as short |
| Gate STEEM_USDT | +0.0116% | 4h | 0.05772 | +0.295% | $288K | $111K | 20x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
Bybit STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Variational Omni STEEM
HTX STEEM-USDT
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.2851% | 1h | 0.05814 | +1.023% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD