Funding you earn now, next payment 04:00 UTC+0.0338%/8h= +37.0% APRnext payment +$1.69 per $10,000 · paid last 24h −0.247%
Price spread now: Gate against BingX−0.017%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$314as in the Funding arb table
Net, price: spread back to 7d avg − costs−$418as in the Price arb table
costs, in and out, $10k−$4134.126% of the position
Funding, last 7 days+0.991%+$99 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.017%, 7d avg +0.038%
=Funding pays, the price is against you. Gate is 0.055% cheaper against BingX than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.038%). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$10 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STEEM-USDT | 0.05768 | 0.0070 | pay 0.0035% / 4h | 1h 35m | — | $1.6M | — |
| Short | Gate STEEM_USDT | 0.05767 | 0.0408 | get 0.0204% / 4h | 1h 35m | $279K | $117K | 20x |
BingX STEEM-USDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $70.98
- Price spread: −0.017% → +0.038%
- −$5.53
- Slippage, 4 orders
- −$387.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$347.16
- Costs to cover
- 4.126%
- Break-even
- 41.2 days
Slippage from BingX: live order book, 12 min ago; Gate: live order book, 22 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, 12 min ago | 6.10 bp | 23.6 bp −$24 | 95.9 bp −$959 | doesn't fit | doesn't fit |
| Sell Gate live order book, 22 min ago | 11.27 bp | 177.0 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX STEEM-USDTlong | +0.0070% | 4h | 0.05768 | long leg | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05765 | −0.050% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05774 | +0.104% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05773 | +0.087% | $419K | $122K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05765 | −0.052% | $424K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05773 | +0.087% | $492K | $288K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05738 | −0.514% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05759 | −0.156% | $36K | $41K | 20x | as long as short |
| Gate STEEM_USDTshort | +0.0408% | 4h | 0.05767 | −0.017% | $279K | $117K | 20x | |
| Bybit STEEMUSDT | +0.1371% | 4h | 0.05754 | −0.243% | $1.3M | $1.1M | 13x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Bybit STEEMUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.3140% | 1h | 0.05796 | +0.492% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD