Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.575%
Price spread now: Bybit against Bitget−0.278%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$2732.730% of the position
Funding, last 7 days+0.686%+$69 on $10k
+Price spread, last 4 days (all we have)+0.395%+$39 · spread now −0.278%, 7d avg +0.042%
=Funding pays, the price is against you. Bybit is 0.320% cheaper against Bitget than usual: you would sell low and buy high (spread −0.278% now, against its 7-day average of +0.042%). If the spread goes back, that is −$32 on $10k: about 43 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.686% in total) that is about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget STEEMUSDT | 0.05756 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $484K | $295K | 25x |
| Short | Bybit STEEMUSDT | 0.05740 | 0.0125 | get 0.0062% / 4h | 2h 51m | $1.3M | $1.1M | 13x |
Bitget STEEMUSDT
Bybit STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $5.16
- Price spread: −0.278% → +0.042%
- −$32.03
- Slippage, 4 orders
- −$249.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$299.84
- Costs to cover
- 2.730%
- Break-even
- 413.9 days
Slippage from Bitget: live order book, 10 min ago; Bybit: 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, 10 min ago | 5.17 bp | 34.0 bp −$34 | 189.1 bp −$1,891 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.25 bp | 83.3 bp −$83 | 202.7 bp −$2,027 | 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-USDT | +0.0070% | 4h | 0.05753 | −0.052% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05753 | −0.053% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05757 | +0.017% | $2.1M | $3.6M | 25x | as long as short |
| Gate STEEM_USDT | +0.0100% | 4h | 0.05752 | −0.069% | $287K | $112K | 20x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05754 | −0.035% | $418K | $121K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05748 | −0.139% | $417K | $94K | 30x | as long as short |
| Bitget STEEMUSDTlong | +0.0100% | 4h | 0.05756 | long leg | $484K | $295K | 25x | |
| Variational Omni STEEM | +0.0100% | 4h | 0.05743 | −0.224% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05753 | −0.052% | $36K | $40K | 20x | as long as short |
| Bybit STEEMUSDTshort | +0.0125% | 4h | 0.05740 | −0.278% | $1.3M | $1.1M | 13x |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
Gate STEEM_USDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Variational Omni STEEM
HTX STEEM-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.2856% | 1h | 0.05802 | +0.798% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD