Funding you earn now, next payment 04:00 UTC−0.0239%/8h= −26.1% APRnext payment −$1.19 per $10,000 · paid last 24h −0.338%
Price spread now: Gate against Bybit+0.415%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$565as in the Funding arb table
Net, price: spread back to 7d avg − costs−$538as in the Price arb table
costs, in and out, $10k−$5775.768% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)−0.518%−$52 · spread now +0.415%, 7d avg +0.030%
=The price spread pays, funding is against you. Gate is 0.385% dearer against Bybit than usual: you sell high and buy low (spread +0.415% now, against its 7-day average of +0.030%): +$38 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.19 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 | 0.05782 | 0.0757 | pay 0.0378% / 4h | 3h 20m | $1.3M | $1.1M | 13x |
| Short | Gate STEEM_USDT | 0.05806 | 0.0518 | get 0.0259% / 4h | 3h 20m | $290K | $112K | 20x |
Bybit STEEMUSDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$50.12
- Price spread: +0.415% → +0.030%
- $38.48
- Slippage, 4 orders
- −$550.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$588.43
- Costs to cover
- 5.768%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 46 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, 5 min ago | 2.59 bp | 99.8 bp −$100 | 237.6 bp −$2,376 | doesn't fit | doesn't fit |
| Sell Gate live order book, 46 min ago | 7.81 bp | 186.7 bp −$187 | 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 | 0.05796 | +0.242% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05796 | +0.250% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05801 | +0.329% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05802 | +0.346% | $430K | $123K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05798 | +0.277% | $417K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05805 | +0.398% | $481K | $287K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05784 | +0.027% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05791 | +0.156% | $40K | $33K | 20x | as long as short |
| Gate STEEM_USDTshort | +0.0518% | 4h | 0.05806 | +0.415% | $290K | $112K | 20x | |
| Kraken Futures PF_STEEMUSD | +0.0543% | 1h | 0.05823 | +0.716% | $8K | $5K | 10x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Kraken Futures PF_STEEMUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDTlong | +0.0757% | 4h | 0.05782 | long leg | $1.3M | $1.1M | 13x |