Funding you earn now, next payment 04:00 UTC−0.0260%/8h= −28.5% APRnext payment −$1.30 per $10,000 · paid last 24h −0.238%
Price spread now: Binance against Gate+0.006%7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$568as in the Funding arb table
Net, price: spread back to 7d avg − costs−$412as in the Price arb table
costs, in and out, $10k−$4214.214% of the position
Funding, last 7 days−1.463%−$146 on $10k
+Price spread, last 4 days (all we have)−0.778%−$78 · spread now +0.006%, 7d avg −0.092%
=The price spread pays, funding is against you. Binance is 0.098% dearer against Gate than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.092%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−1.463% in total) that is about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05750 | 0.0360 | pay 0.0180% / 4h | 1h 45m | $278K | $117K | 20x |
| Short | Binance STEEMUSDT | 0.05750 | 0.0100 | get 0.0050% / 4h | 1h 45m | $2.1M | $3.5M | 25x |
Gate STEEM_USDT
Binance STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$54.6
- Price spread: +0.006% → −0.092%
- $9.82
- Slippage, 4 orders
- −$396.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$466.21
- Costs to cover
- 4.214%
- Break-even
- never at this rate
Slippage from Gate: live order book, 11 min ago; Binance: live order book, 6 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 Gate live order book, 11 min ago | 11.27 bp | 179.0 bp −$179 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.74 bp | 27.2 bp −$27 | 91.7 bp −$917 | 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 | 0.05745 | −0.087% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05749 | −0.013% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDTshort | +0.0100% | 4h | 0.05750 | +0.006% | $2.1M | $3.5M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05751 | +0.017% | $417K | $121K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05748 | −0.035% | $423K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05752 | +0.035% | $490K | $288K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05726 | −0.409% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05741 | −0.157% | $36K | $41K | 20x | as long as short |
| Gate STEEM_USDTlong | +0.0360% | 4h | 0.05750 | long leg | $278K | $117K | 20x | |
| Bybit STEEMUSDT | +0.1468% | 4h | 0.05723 | −0.470% | $1.3M | $1.1M | 13x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
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 | +0.3154% | 1h | 0.05771 | +0.361% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD