STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2392%/8h= −261.9% APRnext payment −$11.96 per $10,000 · paid last 24h −0.018%

Price spread now: BingX against Bybit+0.175%7-day average −0.253% · you sell dearer than you buy

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1681.681% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 7 days−1.209%−$121 · spread now +0.175%, 7d avg −0.253%

Together, before fees−1.338%−$134 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.429% dearer against Bybit than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of −0.253%): +$43 on $10k if it goes back. Holding the pair costs −$72 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.129% in total) that is about 23 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STEEMUSDT	0.05703	0.2462	pay 0.1231% / 4h	1h 17m	$1.3M	$969K	13x
Short	BingX STEEM-USDT	0.05713	0.0070	get 0.0035% / 4h	1h 17m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$502.29
Price spread: +0.175% → −0.253%: $42.86
Slippage, 4 orders: −$147.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$627.54
Costs to cover: 1.681%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.75 bp	92.1 bp −$92	222.8 bp −$2,228	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	5.25 bp	34.5 bp −$35	82.0 bp −$820	857.2 bp −$85.7K	1234.5 bp −$617.2K

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	0.05736	+0.579%	$8K	$5K	10x	as long as short
BingX STEEM-USDTshort	+0.0070%	4h	0.05713	+0.175%	—	$1.6M	—
Aster STEEMUSDT	+0.0100%	4h	0.05723	+0.359%	$16K	$10K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05722	+0.334%	$2.1M	$3.4M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05724	+0.368%	$423K	$113K	20x	as long as short
KuCoin STEEMUSDTM	+0.0100%	4h	0.05721	+0.316%	$416K	$92K	30x	as long as short
Bitget STEEMUSDT	+0.0100%	4h	0.05731	+0.491%	$450K	$239K	25x	as long as short
HTX STEEM-USDT	+0.0100%	4h	0.05723	+0.351%	$40K	$32K	20x	as long as short
Variational Omni STEEM	+0.1055%	4h	0.05702	−0.012%	$12K	$147	—	as long as short
Gate STEEM_USDT	+0.1428%	4h	0.05734	+0.544%	$287K	$121K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STEEMUSDTlong	+0.2462%	4h	0.05703	long leg	$1.3M	$969K	13x