Funding you earn now, next payment 00:00 UTC+0.1236%/8h= +135.3% APRnext payment +$6.18 per $10,000 · paid last 24h +0.195%
Price spread now: Gate against MEXC+0.211%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$356as in the Price arb table
costs, in and out, $10k−$3683.681% of the position
Funding, last 7 days+0.945%+$94 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.211%, 7d avg +0.088%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Gate is 0.123% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC STEEM_USDT | 0.05698 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $382K | $107K | 20x |
| Short | Gate STEEM_USDT | 0.05710 | 0.1336 | get 0.0668% / 4h | 2h 39m | $286K | $118K | 20x |
MEXC STEEM_USDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $259.56
- Price spread: +0.211% → +0.088%
- $12.26
- Slippage, 4 orders
- −$345.07
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$96.25
- Costs to cover
- 3.681%
- Break-even
- 9.6 days
Slippage from MEXC: live order book, 43 min ago; Gate: live order book, 45 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, 43 min ago | 0.87 bp | 9.9 bp −$10 | 81.2 bp −$812 | 142.5 bp −$14.3K | 500.9 bp −$250.5K |
| Sell Gate live order book, 45 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 | −0.0639% | 1h | 0.05703 | +0.094% | $9K | $2K | 10x | as long as short |
| HTX STEEM-USDT | −0.0212% | 4h | 0.05699 | +0.018% | $40K | $32K | 20x | as long as short |
| BingX STEEM-USDT | +0.0070% | 4h | 0.05693 | −0.088% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05707 | +0.158% | $16K | $9K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05699 | +0.018% | $2.1M | $3.3M | 25x | as long as short |
| MEXC STEEM_USDTlong | +0.0100% | 4h | 0.05698 | long leg | $382K | $107K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05700 | +0.035% | $413K | $86K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05700 | +0.035% | $439K | $219K | 25x | as long as short |
| Gate STEEM_USDTshort | +0.1336% | 4h | 0.05710 | +0.211% | $286K | $118K | 20x | |
| Variational Omni STEEM | +0.3256% | 4h | 0.05680 | −0.315% | $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 | +0.3726% | 4h | 0.05676 | −0.386% | $1.3M | $961K | 13x | as long as short |
Bybit STEEMUSDT