STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1364%/8h= −149.4% APRnext payment −$6.82 per $10,000 · paid last 24h −0.195%

Price spread now: KuCoin against Gate−0.279%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$791as in the Funding arb table

Net, price: spread back to 7d avg − costs−$760as in the Price arb table

costs, in and out, $10k−$7427.420% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.489%−$49 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.279%, 7d avg −0.096%

Together, before fees−0.281%−$28 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 KuCoin is 0.182% cheaper against Gate than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.096%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.489% in total (about -25.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.82 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	0.05741	0.1464	pay 0.0732% / 4h	1h 42m	$287K	$120K	20x
Short	KuCoin STEEMUSDTM	0.05725	0.0100	get 0.0050% / 4h	1h 42m	$414K	$90K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.279%Rate

Funding earned: −$286.44
Price spread: −0.279% → −0.096%: −$18.24
Slippage, 4 orders: −$715.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,046.72
Costs to cover: 7.420%
Break-even: never at this rate

Slippage from Gate: live order book, 35 min ago; KuCoin: live order book, 29 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, 35 min ago	6.08 bp	176.3 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 29 min ago	7.85 bp	233.9 bp −$234	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
Kraken Futures PF_STEEMUSD	−0.0381%	1h	0.05739	−0.027%	$8K	$5K	10x	as long as short
BingX STEEM-USDT	+0.0070%	4h	0.05720	−0.366%	—	$1.6M	—	as long as short
Aster STEEMUSDT	+0.0100%	4h	0.05729	−0.213%	$16K	$10K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05730	−0.192%	$2.1M	$3.4M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05730	−0.192%	$424K	$112K	20x	as long as short
KuCoin STEEMUSDTMshort	+0.0100%	4h	0.05725	−0.279%	$414K	$90K	30x
Bitget STEEMUSDT	+0.0100%	4h	0.05727	−0.244%	$446K	$232K	25x	as long as short
HTX STEEM-USDT	+0.0100%	4h	0.05719	−0.383%	$40K	$32K	20x	as long as short
Gate STEEM_USDTlong	+0.1464%	4h	0.05741	long leg	$287K	$120K	20x
Variational Omni STEEM	+0.1673%	4h	0.05698	−0.750%	$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	+0.2984%	4h	0.05706	−0.610%	$1.3M	$969K	13x	as long as short