Settings8H · net · $10k
Funding arb · Price arb /

STEEM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bitget−0.156%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$416as in the Funding arb table
Net, price: spread back to 7d avg − costs−$485as in the Price arb table
costs, in and out, $10k−$4724.718% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.558%+$56 on $10k
Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.156%, 7d avg −0.025%
Together, before fees+0.705%+$71 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.131% cheaper against Bitget than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget STEEMUSDT0.057580.0100pay 0.0050% / 4h2h 06m$491K$290K25x
ShortKuCoin STEEMUSDTM0.057490.0100get 0.0050% / 4h2h 06m$422K$95K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.156% → −0.025%
−$13.15
Slippage, 4 orders
−$447.76
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$484.91
Costs to cover
4.718%
Break-even
never at this rate
Slippage from Bitget: live order book, 55 min ago; KuCoin: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 55 min ago5.17 bp34.0 bp −$34189.1 bp −$1,891doesn't fitdoesn't fit
Sell KuCoin live order book, 31 min ago18.24 bp248.9 bp −$249doesn't fitdoesn't fitdoesn't fit

STEEM on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX STEEM-USDT+0.0070%4h0.05749−0.156%$1.6Mas long as short
Aster STEEMUSDT+0.0100%4h0.05762+0.068%$16K$10K5xas long as short
Binance STEEMUSDT+0.0100%4h0.057580.000%$2.1M$3.6M25xas long as short
MEXC STEEM_USDT+0.0100%4h0.05757−0.017%$417K$124K20xas long as short
KuCoin STEEMUSDTMshort+0.0100%4h0.05749−0.156%$422K$95K30x
Bitget STEEMUSDTlong+0.0100%4h0.05758long leg$491K$290K25x
Variational Omni STEEM+0.0100%4h0.05736−0.373%$12K$147as long as short
HTX STEEM-USDT+0.0100%4h0.05748−0.174%$36K$41K20xas long as short
Gate STEEM_USDT+0.0344%4h0.057580.000%$279K$118K20xas long as short
Bybit STEEMUSDT+0.1924%4h0.05737−0.365%$1.3M$1.1M13xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_STEEMUSD+0.2872%1h0.05770+0.202%$8K$5K10xas long as short