Funding you earn now, next payment 00:00 UTC−0.1146%/8h= −125.5% APRnext payment −$5.73 per $10,000 · paid last 24h −0.195%
Price spread now: MEXC against Gate−0.227%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$449as in the Funding arb table
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3683.681% of the position
Funding, last 7 days−0.807%−$81 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.227%, 7d avg −0.086%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and MEXC is 0.141% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.086%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05718 | 0.1246 | pay 0.0623% / 4h | 2h 54m | $286K | $117K | 20x |
| Short | MEXC STEEM_USDT | 0.05705 | 0.0100 | get 0.0050% / 4h | 2h 54m | $384K | $106K | 20x |
Gate STEEM_USDT
MEXC STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$240.66
- Price spread: −0.227% → −0.086%
- −$14.09
- Slippage, 4 orders
- −$345.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$622.82
- Costs to cover
- 3.681%
- Break-even
- never at this rate
Slippage from Gate: live order book, 30 min ago; MEXC: live order book, 28 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, 30 min ago | 1.74 bp | 177.2 bp −$177 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 28 min ago | 0.87 bp | 11.8 bp −$12 | 92.7 bp −$927 | 147.1 bp −$14.7K | 499.0 bp −$249.5K |
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 | −0.0637% | 1h | 0.05719 | +0.013% | $9K | $2K | 10x | as long as short |
| HTX STEEM-USDT | −0.0242% | 4h | 0.05706 | −0.210% | $40K | $31K | 20x | as long as short |
| BingX STEEM-USDT | +0.0070% | 4h | 0.05691 | −0.472% | — | $1.7M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05715 | −0.050% | $16K | $9K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05702 | −0.280% | $2.1M | $3.3M | 25x | as long as short |
| MEXC STEEM_USDTshort | +0.0100% | 4h | 0.05705 | −0.227% | $384K | $106K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05708 | −0.175% | $418K | $86K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05706 | −0.210% | $440K | $222K | 25x | as long as short |
| Gate STEEM_USDTlong | +0.1246% | 4h | 0.05718 | long leg | $286K | $117K | 20x | |
| Variational Omni STEEM | +0.3508% | 4h | 0.05682 | −0.630% | $12K | $147 | — | as long as short |
Kraken Futures PF_STEEMUSD
HTX STEEM-USDT
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.4611% | 4h | 0.05680 | −0.665% | $1.3M | $962K | 13x | as long as short |
Bybit STEEMUSDT