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: MEXC against BingX+0.017%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$890.892% of the position
Funding, last 7 days−0.495%−$50 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.017%, 7d avg −0.047%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.064% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.495%, 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 | 0.05796 | 0.0070 | pay 0.0035% / 4h | 1h 15m | — | $1.6M | — |
| Short | MEXC STEEM_USDT | 0.05797 | 0.0100 | get 0.0050% / 4h | 1h 15m | $418K | $125K | 20x |
BingX STEEM-USDT
MEXC STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.017% → −0.047%
- $6.42
- Slippage, 4 orders
- −$71.22
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$76.5
- Costs to cover
- 0.892%
- Break-even
- 92.0 days
Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 30 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, 7 min ago | 5.17 bp | 41.7 bp −$42 | 106.8 bp −$1,068 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 30 min ago | 0.87 bp | 9.3 bp −$9 | 90.1 bp −$901 | 154.3 bp −$15.4K | 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 | 0.05796 | long leg | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05803 | +0.121% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05797 | +0.017% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDTshort | +0.0100% | 4h | 0.05797 | +0.017% | $418K | $125K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05791 | −0.086% | $426K | $95K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05799 | +0.052% | $490K | $301K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05789 | −0.114% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05799 | +0.052% | $37K | $48K | 20x | as long as short |
| Gate STEEM_USDT | +0.0478% | 4h | 0.05804 | +0.138% | $281K | $117K | 20x | as long as short |
| Bybit STEEMUSDT | +0.1080% | 4h | 0.05786 | −0.173% | $1.3M | $1.1M | 13x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate 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 | +0.3127% | 1h | 0.05820 | +0.417% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD