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 MEXC+0.155%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days+0.477%+$48 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.155%, 7d avg +0.046%
=The price spread pays, funding is against you. BingX is 0.108% dearer against MEXC than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of +0.046%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 7 days funding on this pair paid +0.477%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC STEEM_USDT | 0.05821 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $419K | $129K | 20x |
| Short | BingX STEEM-USDT | 0.05830 | 0.0070 | get 0.0035% / 4h | 3h 11m | — | $1.6M | — |
MEXC STEEM_USDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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: +0.155% → +0.046%
- $10.83
- Slippage, 4 orders
- −$64.08
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77.55
- Costs to cover
- 0.821%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 24 min ago; BingX: live order book, 5 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 MEXC live order book, 24 min ago | 0.86 bp | 7.6 bp −$8 | 91.8 bp −$918 | 166.1 bp −$16.6K | doesn't fit |
| Sell BingX live order book, 5 min ago | 5.14 bp | 41.3 bp −$41 | 98.1 bp −$981 | 1180.7 bp −$118.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDTshort | +0.0070% | 4h | 0.05830 | +0.155% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05828 | +0.120% | $17K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05820 | −0.024% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDTlong | +0.0100% | 4h | 0.05821 | long leg | $419K | $129K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05820 | −0.017% | $430K | $95K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05825 | +0.069% | $489K | $283K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05830 | +0.154% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05810 | −0.189% | $37K | $47K | 20x | as long as short |
| Bybit STEEMUSDT | +0.0353% | 4h | 0.05813 | −0.137% | $1.3M | $1.0M | 13x | as long as short |
| Gate STEEM_USDT | +0.0474% | 4h | 0.05825 | +0.069% | $283K | $106K | 20x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Bybit STEEMUSDT
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.3145% | 1h | 0.05851 | +0.510% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD