Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.353%
Price spread now: Gate against Bybit+0.104%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$526as in the Funding arb table
Net, price: spread back to 7d avg − costs−$574as in the Price arb table
costs, in and out, $10k−$5805.804% of the position
Funding, last 7 days+0.543%+$54 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now +0.104%, 7d avg +0.040%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.064% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STEEMUSDT | 0.05745 | 0.0508 | pay 0.0254% / 4h | 2h 14m | $1.2M | $1.0M | 13x |
| Short | Gate STEEM_USDT | 0.05751 | 0.0506 | get 0.0253% / 4h | 2h 14m | $283K | $105K | 20x |
Bybit STEEMUSDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$0.36
- Price spread: +0.104% → +0.040%
- $6.41
- Slippage, 4 orders
- −$554.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$574.38
- Costs to cover
- 5.804%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 28 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 Bybit live order book, 2 min ago | 5.23 bp | 111.7 bp −$112 | 230.0 bp −$2,300 | doesn't fit | doesn't fit |
| Sell Gate live order book, 28 min ago | 6.06 bp | 166.4 bp −$166 | 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-USDT | +0.0070% | 4h | 0.05755 | +0.174% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05750 | +0.081% | $16K | $11K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05757 | +0.206% | $2.0M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05755 | +0.174% | $422K | $131K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05745 | 0.000% | $428K | $97K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05761 | +0.279% | $482K | $289K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05732 | −0.234% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05727 | −0.313% | $37K | $44K | 20x | as long as short |
| Gate STEEM_USDTshort | +0.0506% | 4h | 0.05751 | +0.104% | $283K | $105K | 20x | |
| Bybit STEEMUSDTlong | +0.0508% | 4h | 0.05745 | long leg | $1.2M | $1.0M | 13x |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.2808% | 1h | 0.05782 | +0.645% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD