Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.487%
Price spread now: BingX against Bitget−0.070%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1251.248% of the position
Funding, last 7 days+0.313%+$31 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.070%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.110% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.313%, 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 | Bitget STEEMUSDT | 0.05734 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $449K | $229K | 25x |
| Short | BingX STEEM-USDT | 0.05730 | 0.0070 | get 0.0035% / 4h | 2h 24m | — | $1.6M | — |
Bitget STEEMUSDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: −0.070% → +0.040%
- −$11
- Slippage, 4 orders
- −$102.77
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$142.06
- Costs to cover
- 1.248%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 59 min ago; BingX: live order book, 3 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 Bitget live order book, 59 min ago | 2.62 bp | 24.1 bp −$24 | 132.5 bp −$1,325 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 4.36 bp | 39.3 bp −$39 | 95.6 bp −$956 | 845.2 bp −$84.5K | 1245.9 bp −$623.0K |
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 | −0.0633% | 1h | 0.05757 | +0.398% | $8K | $3K | 10x | as long as short |
| HTX STEEM-USDT | −0.0157% | 4h | 0.05731 | −0.052% | $40K | $32K | 20x | as long as short |
| BingX STEEM-USDTshort | +0.0070% | 4h | 0.05730 | −0.070% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05740 | +0.113% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05736 | +0.035% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05735 | +0.017% | $426K | $113K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05733 | −0.017% | $420K | $90K | 30x | as long as short |
| Bitget STEEMUSDTlong | +0.0100% | 4h | 0.05734 | long leg | $449K | $229K | 25x | |
| Gate STEEM_USDT | +0.1328% | 4h | 0.05750 | +0.279% | $288K | $119K | 20x | as long as short |
| Variational Omni STEEM | +0.2912% | 4h | 0.05718 | −0.283% | $12K | $147 | — | as long as short |
Kraken Futures PF_STEEMUSD
HTX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Gate STEEM_USDT
Variational Omni STEEMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.3645% | 4h | 0.05706 | −0.488% | $1.3M | $965K | 13x | as long as short |
Bybit STEEMUSDT