Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.484%
Price spread now: BingX against KuCoin+0.314%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$510as in the Funding arb table
Net, price: spread back to 7d avg − costs−$475as in the Price arb table
costs, in and out, $10k−$5015.007% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.314%, 7d avg +0.061%
=The price spread pays, funding is against you. BingX is 0.253% dearer against KuCoin than usual: you sell high and buy low (spread +0.314% now, against its 7-day average of +0.061%): +$25 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 28 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin STEEMUSDTM | 0.05730 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $427K | $97K | 30x |
| Short | BingX STEEM-USDT | 0.05748 | 0.0070 | get 0.0035% / 4h | 2h 19m | — | $1.6M | — |
KuCoin STEEMUSDTM
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- −$6.3
- Price spread: +0.314% → +0.061%
- $25.33
- Slippage, 4 orders
- −$478.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$481.72
- Costs to cover
- 5.007%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 38 min ago; BingX: live order book, 11 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 KuCoin live order book, 38 min ago | 12.09 bp | 158.3 bp −$158 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 6.11 bp | 33.7 bp −$34 | 86.5 bp −$865 | 863.3 bp −$86.3K | 1166.7 bp −$583.4K |
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 | +0.0065% | 4h | 0.05727 | −0.052% | $37K | $44K | 20x | as long as short |
| BingX STEEM-USDTshort | +0.0070% | 4h | 0.05748 | +0.314% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05747 | +0.297% | $16K | $11K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05750 | +0.349% | $2.1M | $3.7M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05746 | +0.279% | $421K | $130K | 20x | as long as short |
| KuCoin STEEMUSDTMlong | +0.0100% | 4h | 0.05730 | long leg | $427K | $97K | 30x | |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05747 | +0.297% | $481K | $291K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05731 | +0.017% | $12K | $147 | — | as long as short |
| Gate STEEM_USDT | +0.0504% | 4h | 0.05745 | +0.262% | $283K | $105K | 20x | as long as short |
| Bybit STEEMUSDT | +0.0521% | 4h | 0.05739 | +0.157% | $1.2M | $1.0M | 13x | as long as short |
HTX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
Bitget STEEMUSDT
Variational Omni STEEM
Gate 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 | +0.2814% | 1h | 0.05769 | +0.683% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD