STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1362%/8h= −149.1% APRnext payment −$6.81 per $10,000 · paid last 24h +0.292%

Price spread now: BingX against Gate−0.366%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$441as in the Funding arb table

Net, price: spread back to 7d avg − costs−$437as in the Price arb table

costs, in and out, $10k−$4034.030% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.382%−$38 on $10k

Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.366%, 7d avg −0.027%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and BingX is 0.339% cheaper against Gate than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.382% in total (about -19.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.81 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	Gate STEEM_USDT	0.05733	0.1432	pay 0.0716% / 4h	3h 12m	$287K	$116K	20x
Short	BingX STEEM-USDT	0.05712	0.0070	get 0.0035% / 4h	3h 12m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.366%Rate

Funding earned: −$286.02
Price spread: −0.366% → −0.027%: −$33.89
Slippage, 4 orders: −$377.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$722.89
Costs to cover: 4.030%
Break-even: never at this rate

Slippage from Gate: live order book, 11 min ago; BingX: live order book, 8 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	1.74 bp	177.2 bp −$177	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	2.62 bp	35.1 bp −$35	90.6 bp −$906	903.7 bp −$90.4K	1246.4 bp −$623.2K

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
HTX STEEM-USDT	−0.0063%	4h	0.05719	−0.244%	$40K	$31K	20x	as long as short
BingX STEEM-USDTshort	+0.0070%	4h	0.05712	−0.366%	—	$1.6M	—
Aster STEEMUSDT	+0.0100%	4h	0.05724	−0.157%	$16K	$9K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05720	−0.235%	$2.1M	$3.3M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05719	−0.244%	$397K	$107K	20x	as long as short
KuCoin STEEMUSDTM	+0.0100%	4h	0.05724	−0.157%	$420K	$85K	30x	as long as short
Bitget STEEMUSDT	+0.0100%	4h	0.05724	−0.157%	$442K	$222K	25x	as long as short
Kraken Futures PF_STEEMUSD	+0.1068%	1h	0.05724	−0.163%	$9K	$2K	10x	as long as short
Gate STEEM_USDTlong	+0.1432%	4h	0.05733	long leg	$287K	$116K	20x
Variational Omni STEEM	+0.3430%	4h	0.05701	−0.565%	$12K	$147	—	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STEEMUSDT	+0.5327%	4h	0.05697	−0.628%	$1.3M	$964K	13x	as long as short