Funding you earn now, next payment 04:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.090%
Price spread now: Bybit against BingX−0.154%7-day average +0.235% · you buy dearer than you sell
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$2592.595% of the position
Funding, last 7 days+0.254%+$25 on $10k
+Price spread, last 7 days+0.937%+$94 · spread now −0.154%, 7d avg +0.235%
=Funding pays, the price is against you. Bybit is 0.389% cheaper against BingX than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of +0.235%). If the spread goes back, that is −$39 on $10k: about 8.9 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STEEM-USDT | 0.05840 | 0.0070 | pay 0.0035% / 4h | 3h 08m | — | $1.6M | — |
| Short | Bybit STEEMUSDT | 0.05831 | 0.0216 | get 0.0108% / 4h | 3h 08m | $1.3M | $1.1M | 13x |
BingX STEEM-USDT
Bybit STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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
- $30.69
- Price spread: −0.154% → +0.235%
- −$38.94
- Slippage, 4 orders
- −$238.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$267.72
- Costs to cover
- 2.595%
- Break-even
- 68.1 days
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 2 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 BingX live order book, 9 min ago | 4.32 bp | 39.7 bp −$40 | 95.8 bp −$958 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.72 bp | 110.7 bp −$111 | 174.0 bp −$1,740 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDTlong | +0.0070% | 4h | 0.05840 | long leg | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05843 | +0.059% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05841 | +0.015% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05842 | +0.034% | $433K | $124K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05842 | +0.034% | $420K | $93K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05850 | +0.171% | $492K | $290K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05809 | −0.539% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05841 | +0.017% | $40K | $33K | 20x | as long as short |
| Bybit STEEMUSDTshort | +0.0216% | 4h | 0.05831 | −0.154% | $1.3M | $1.1M | 13x | |
| Gate STEEM_USDT | +0.0394% | 4h | 0.05849 | +0.154% | $292K | $112K | 20x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.0537% | 1h | 0.05880 | +0.678% | $9K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD