STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1926%/8h= +210.9% APRnext payment +$9.63 per $10,000 · paid last 24h +0.090%

Price spread now: Bybit against BingX−0.365%7-day average +0.227% · you buy dearer than you sell

Net, funding: paid 7d − costs−$252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$2772.773% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 7 days+1.022%+$102 · spread now −0.365%, 7d avg +0.227%

Together, before fees+1.275%+$128 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.592% cheaper against BingX than usual: you would sell low and buy high (spread −0.365% now, against its 7-day average of +0.227%). If the spread goes back, that is −$59 on $10k: about 25 hours of funding at the current rate (+$58 a day). At the pace of the last 7 days (+0.254% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.254% in total (about 13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STEEM-USDT	0.05756	0.0070	pay 0.0035% / 4h	2h 10m	—	$1.6M	—
Short	Bybit STEEMUSDT	0.05735	0.1996	get 0.0998% / 4h	2h 10m	$1.3M	$1.1M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now −0.365%Rate

Funding earned: $404.5
Price spread: −0.365% → +0.227%: −$59.19
Slippage, 4 orders: −$256.31
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $68
Costs to cover: 2.773%
Break-even: 5.8 days

Slippage from BingX: live order book, 6 min ago; Bybit: live order book, just now.

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, 6 min ago	6.09 bp	37.6 bp −$38	99.2 bp −$992	doesn't fit	doesn't fit
Sell Bybit live order book, just now	2.62 bp	97.3 bp −$97	199.3 bp −$1,993	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	0.05756	long leg	—	$1.6M	—
Aster STEEMUSDT	+0.0100%	4h	0.05766	+0.167%	$16K	$10K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05756	+0.001%	$2.1M	$3.6M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05756	0.000%	$417K	$124K	20x	as long as short
KuCoin STEEMUSDTM	+0.0100%	4h	0.05757	+0.017%	$423K	$95K	30x	as long as short
Bitget STEEMUSDT	+0.0100%	4h	0.05757	+0.017%	$491K	$290K	25x	as long as short
Variational Omni STEEM	+0.0100%	4h	0.05736	−0.339%	$12K	$147	—	as long as short
HTX STEEM-USDT	+0.0100%	4h	0.05757	+0.017%	$36K	$41K	20x	as long as short
Gate STEEM_USDT	+0.0378%	4h	0.05758	+0.035%	$279K	$118K	20x	as long as short
Bybit STEEMUSDTshort	+0.1996%	4h	0.05735	−0.365%	$1.3M	$1.1M	13x

Show 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	+0.288%	$8K	$5K	10x	as long as short