STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1258%/8h= −137.8% APRnext payment −$6.29 per $10,000 · paid last 24h −0.195%

Price spread now: Bitget against Gate−0.139%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$483as in the Funding arb table

Net, price: spread back to 7d avg − costs−$407as in the Price arb table

costs, in and out, $10k−$4004.002% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.832%−$83 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.139%, 7d avg −0.072%

Together, before fees−0.737%−$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Bitget is 0.068% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.072%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.832% in total (about -43.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.29 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	0.05745	0.1358	pay 0.0679% / 4h	2h 19m	$288K	$120K	20x
Short	Bitget STEEMUSDT	0.05737	0.0100	get 0.0050% / 4h	2h 19m	$447K	$232K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$264.18
Price spread: −0.139% → −0.072%: −$6.77
Slippage, 4 orders: −$373.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$671.14
Costs to cover: 4.002%
Break-even: never at this rate

Slippage from Gate: live order book, 65 min ago; Bitget: live order book, 64 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, 65 min ago	1.74 bp	177.2 bp −$177	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 64 min ago	2.62 bp	29.7 bp −$30	124.8 bp −$1,248	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
Kraken Futures PF_STEEMUSD	−0.0633%	1h	0.05758	+0.220%	$8K	$5K	10x	as long as short
HTX STEEM-USDT	−0.0147%	4h	0.05733	−0.209%	$40K	$33K	20x	as long as short
BingX STEEM-USDT	+0.0070%	4h	0.05730	−0.261%	—	$1.6M	—	as long as short
Aster STEEMUSDT	+0.0100%	4h	0.05735	−0.167%	$16K	$10K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05738	−0.128%	$2.1M	$3.4M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05738	−0.122%	$426K	$113K	20x	as long as short
KuCoin STEEMUSDTM	+0.0100%	4h	0.05735	−0.174%	$415K	$91K	30x	as long as short
Bitget STEEMUSDTshort	+0.0100%	4h	0.05737	−0.139%	$447K	$232K	25x
Gate STEEM_USDTlong	+0.1358%	4h	0.05745	long leg	$288K	$120K	20x
Variational Omni STEEM	+0.2745%	4h	0.05715	−0.519%	$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	+0.3687%	4h	0.05712	−0.574%	$1.3M	$968K	13x	as long as short