STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1060%/8h= −116.1% APRnext payment −$5.30 per $10,000 · paid last 24h −0.575%

Price spread now: Bitget against Bybit+0.501%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$314as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$2452.454% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.686%−$69 on $10k

Price spread, last 4 days (all we have)−0.617%−$62 · spread now +0.501%, 7d avg −0.042%

Together, before fees−1.303%−$130 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.543% dearer against Bybit than usual: you sell high and buy low (spread +0.501% now, against its 7-day average of −0.042%): +$54 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.686% in total) that is about 5.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.686% in total (about -35.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.30 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	0.05794	0.1160	pay 0.0580% / 4h	3h 46m	$1.3M	$1.0M	13x
Short	Bitget STEEMUSDT	0.05823	0.0100	get 0.0050% / 4h	3h 46m	$453K	$266K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.501%Rate

Funding earned: −$222.59
Price spread: +0.501% → −0.042%: $54.28
Slippage, 4 orders: −$222.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$413.73
Costs to cover: 2.454%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 19 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	0.86 bp	78.7 bp −$79	175.6 bp −$1,756	doesn't fit	doesn't fit
Sell Bitget live order book, 19 min ago	9.56 bp	30.0 bp −$30	107.5 bp −$1,075	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	0.05814	+0.345%	—	$1.6M	—	as long as short
Aster STEEMUSDT	+0.0100%	4h	0.05819	+0.431%	$16K	$10K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05817	+0.399%	$2.1M	$3.5M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05821	+0.466%	$432K	$114K	20x	as long as short
KuCoin STEEMUSDTM	+0.0100%	4h	0.05821	+0.466%	$421K	$93K	30x	as long as short
Bitget STEEMUSDTshort	+0.0100%	4h	0.05823	+0.501%	$453K	$266K	25x
Variational Omni STEEM	+0.0100%	4h	0.05762	−0.550%	$12K	$147	—	as long as short
HTX STEEM-USDT	+0.0100%	4h	0.05815	+0.362%	$40K	$32K	20x	as long as short
Kraken Futures PF_STEEMUSD	+0.0541%	1h	0.05846	+0.889%	$8K	$5K	10x	as long as short
Gate STEEM_USDT	+0.1150%	4h	0.05824	+0.518%	$291K	$111K	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	+0.1160%	4h	0.05794	long leg	$1.3M	$1.0M	13x