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: BingX against Bitget−0.314%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1141.136% of the position
Funding, last 7 days+0.313%+$31 on $10k
+Price spread, last 4 days (all we have)+0.393%+$39 · spread now −0.314%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.354% cheaper against Bitget than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.313%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget STEEMUSDT | 0.05734 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $446K | $232K | 25x |
| Short | BingX STEEM-USDT | 0.05716 | 0.0070 | get 0.0035% / 4h | 1h 55m | — | $1.6M | — |
Bitget STEEMUSDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: −0.314% → +0.040%
- −$35.41
- Slippage, 4 orders
- −$91.56
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$155.27
- Costs to cover
- 1.136%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 20 min ago; BingX: live order book, 5 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 Bitget live order book, 20 min ago | 6.11 bp | 35.5 bp −$35 | 144.6 bp −$1,446 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 5.26 bp | 35.2 bp −$35 | 84.0 bp −$840 | 884.5 bp −$88.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | −0.0381% | 1h | 0.05738 | +0.073% | $8K | $5K | 10x | as long as short |
| HTX STEEM-USDT | +0.0058% | 4h | 0.05726 | −0.140% | $40K | $33K | 20x | as long as short |
| BingX STEEM-USDTshort | +0.0070% | 4h | 0.05716 | −0.314% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05729 | −0.094% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05730 | −0.070% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05729 | −0.087% | $423K | $111K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05729 | −0.087% | $414K | $91K | 30x | as long as short |
| Bitget STEEMUSDTlong | +0.0100% | 4h | 0.05734 | long leg | $446K | $232K | 25x | |
| Gate STEEM_USDT | +0.1412% | 4h | 0.05738 | +0.070% | $287K | $120K | 20x | as long as short |
| Variational Omni STEEM | +0.2148% | 4h | 0.05696 | −0.657% | $12K | $147 | — | as long as short |
Kraken Futures PF_STEEMUSD
HTX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Gate STEEM_USDT
Variational Omni STEEMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.3371% | 4h | 0.05705 | −0.506% | $1.3M | $969K | 13x | as long as short |
Bybit STEEMUSDT