STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0265%/8h= +29.0% APRnext payment +$1.32 per $10,000 · paid last 24h +0.575%

Price spread now: Bybit against KuCoin−0.052%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$646as in the Funding arb table

Net, price: spread back to 7d avg − costs−$655as in the Price arb table

costs, in and out, $10k−$6446.438% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.052%, 7d avg +0.057%

Together, before fees+0.120%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.110% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.057%). If the spread goes back, that is −$11 on $10k: about 33 hours of funding at the current rate (+$8 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.32 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	KuCoin STEEMUSDTM	0.05724	0.0100	pay 0.0050% / 4h	2h 22m	$426K	$96K	30x
Short	Bybit STEEMUSDT	0.05721	0.0365	get 0.0182% / 4h	2h 22m	$1.2M	$1.0M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $55.57
Price spread: −0.052% → +0.057%: −$10.97
Slippage, 4 orders: −$620.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$599.18
Costs to cover: 6.438%
Break-even: 82.5 days

Slippage from KuCoin: live order book, 36 min ago; Bybit: live order book, 3 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, 36 min ago	12.09 bp	158.3 bp −$158	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.50 bp	104.1 bp −$104	176.2 bp −$1,762	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
HTX STEEM-USDT	+0.0049%	4h	0.05719	−0.087%	$36K	$43K	20x	as long as short
BingX STEEM-USDT	+0.0070%	4h	0.05727	+0.052%	—	$1.6M	—	as long as short
Aster STEEMUSDT	+0.0100%	4h	0.05733	+0.157%	$16K	$11K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05727	+0.052%	$2.0M	$3.6M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05725	+0.017%	$419K	$130K	20x	as long as short
KuCoin STEEMUSDTMlong	+0.0100%	4h	0.05724	long leg	$426K	$96K	30x
Bitget STEEMUSDT	+0.0100%	4h	0.05733	+0.157%	$480K	$288K	25x	as long as short
Variational Omni STEEM	+0.0100%	4h	0.05719	−0.095%	$12K	$147	—	as long as short
Bybit STEEMUSDTshort	+0.0365%	4h	0.05721	−0.052%	$1.2M	$1.0M	13x
Gate STEEM_USDT	+0.0442%	4h	0.05728	+0.070%	$282K	$105K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_STEEMUSD	+0.2818%	1h	0.05762	+0.662%	$8K	$5K	10x	as long as short