Funding you earn now, next payment 04:00 UTC+0.0504%/8h= +55.2% APRnext payment +$2.52 per $10,000 · paid last 24h +0.238%
Price spread now: Gate against Bitget+0.017%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$428as in the Price arb table
costs, in and out, $10k−$4234.230% of the position
Funding, last 7 days+1.423%+$142 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.017%, 7d avg +0.072%
=Funding pays, the price is against you. Gate is 0.055% cheaper against Bitget than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.072%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget STEEMUSDT | 0.05839 | 0.0100 | pay 0.0050% / 4h | 57m 17s | $494K | $303K | 25x |
| Short | Gate STEEM_USDT | 0.05840 | 0.0604 | get 0.0302% / 4h | 57m 17s | $282K | $105K | 20x |
Bitget STEEMUSDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $105.84
- Price spread: +0.017% → +0.072%
- −$5.45
- Slippage, 4 orders
- −$396.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$322.63
- Costs to cover
- 4.230%
- Break-even
- 28.3 days
Slippage from Bitget: live order book, 59 min ago; Gate: live order book, 60 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, 59 min ago | 7.81 bp | 30.9 bp −$31 | 178.4 bp −$1,784 | doesn't fit | doesn't fit |
| Sell Gate live order book, 60 min ago | 11.27 bp | 177.0 bp −$177 | doesn't fit | 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 | 0.05836 | −0.051% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05839 | −0.004% | $17K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05838 | −0.017% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05837 | −0.034% | $421K | $123K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05830 | −0.154% | $430K | $95K | 30x | as long as short |
| Bitget STEEMUSDTlong | +0.0100% | 4h | 0.05839 | long leg | $494K | $303K | 25x | |
| Variational Omni STEEM | +0.0100% | 4h | 0.05795 | −0.757% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05833 | −0.103% | $37K | $47K | 20x | as long as short |
| Gate STEEM_USDTshort | +0.0604% | 4h | 0.05840 | +0.017% | $282K | $105K | 20x | |
| Bybit STEEMUSDT | +0.0950% | 4h | 0.05827 | −0.206% | $1.3M | $1.1M | 13x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Variational Omni STEEM
HTX 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 | +0.3182% | 1h | 0.05890 | +0.869% | $9K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD