Funding you earn now, next payment 00:00 UTC+0.1196%/8h= +131.0% APRnext payment +$5.98 per $10,000 · paid last 24h +0.195%
Price spread now: Gate against KuCoin+0.105%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$602as in the Funding arb table
Net, price: spread back to 7d avg − costs−$631as in the Price arb table
costs, in and out, $10k−$6326.317% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.105%, 7d avg +0.095%
=The price spread sits at its 7-day average of +0.095%, so right now this pair is about funding alone: +$36 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.293% in total (about 15.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.98 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 | 0.05707 | 0.0100 | pay 0.0050% / 4h | 2h 35m | $415K | $87K | 30x |
| Short | Gate STEEM_USDT | 0.05713 | 0.1296 | get 0.0648% / 4h | 2h 35m | $286K | $118K | 20x |
KuCoin STEEMUSDTM
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $251.16
- Price spread: +0.105% → +0.095%
- $1.05
- Slippage, 4 orders
- −$604.73
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$379.52
- Costs to cover
- 6.317%
- Break-even
- 17.6 days
Slippage from KuCoin: live order book, 46 min ago; Gate: live order book, 49 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, 46 min ago | 14.83 bp | 140.2 bp −$140 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 49 min ago | 1.74 bp | 169.2 bp −$169 | 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 | −0.0638% | 1h | 0.05709 | +0.042% | $9K | $2K | 10x | as long as short |
| HTX STEEM-USDT | −0.0204% | 4h | 0.05700 | −0.123% | $40K | $32K | 20x | as long as short |
| BingX STEEM-USDT | +0.0070% | 4h | 0.05696 | −0.193% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05707 | 0.000% | $16K | $9K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05702 | −0.088% | $2.1M | $3.3M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05701 | −0.105% | $382K | $107K | 20x | as long as short |
| KuCoin STEEMUSDTMlong | +0.0100% | 4h | 0.05707 | long leg | $415K | $87K | 30x | |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05701 | −0.105% | $439K | $220K | 25x | as long as short |
| Gate STEEM_USDTshort | +0.1296% | 4h | 0.05713 | +0.105% | $286K | $118K | 20x | |
| Variational Omni STEEM | +0.3158% | 4h | 0.05680 | −0.468% | $12K | $147 | — | as long as short |
Kraken Futures PF_STEEMUSD
HTX STEEM-USDT
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
Bitget STEEMUSDT
Variational Omni STEEMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.3593% | 4h | 0.05677 | −0.526% | $1.3M | $962K | 13x | as long as short |
Bybit STEEMUSDT