Funding you earn now, next payment 04:00 UTC−0.0294%/8h= −32.2% APRnext payment −$1.47 per $10,000 · paid last 24h −0.237%
Price spread now: Binance against Gate−0.139%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$531as in the Funding arb table
Net, price: spread back to 7d avg − costs−$452as in the Price arb table
costs, in and out, $10k−$4474.469% of the position
Funding, last 7 days−0.839%−$84 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.139%, 7d avg −0.093%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.046% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05849 | 0.0394 | pay 0.0197% / 4h | 3h 08m | $292K | $112K | 20x |
| Short | Binance STEEMUSDT | 0.05841 | 0.0100 | get 0.0050% / 4h | 3h 08m | $2.1M | $3.6M | 25x |
Gate STEEM_USDT
Binance STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$61.74
- Price spread: −0.139% → −0.093%
- −$4.63
- Slippage, 4 orders
- −$421.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$513.3
- Costs to cover
- 4.469%
- Break-even
- never at this rate
Slippage from Gate: live order book, 59 min ago; Binance: live order book, 13 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 Gate live order book, 59 min ago | 7.81 bp | 188.8 bp −$189 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.72 bp | 35.6 bp −$36 | 105.0 bp −$1,050 | 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 | 0.05840 | −0.154% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05843 | −0.095% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDTshort | +0.0100% | 4h | 0.05841 | −0.139% | $2.1M | $3.6M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05842 | −0.120% | $433K | $124K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05842 | −0.120% | $420K | $93K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05850 | +0.017% | $492K | $290K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05809 | −0.692% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05841 | −0.137% | $40K | $33K | 20x | as long as short |
| Bybit STEEMUSDT | +0.0216% | 4h | 0.05831 | −0.308% | $1.3M | $1.1M | 13x | as long as short |
| Gate STEEM_USDTlong | +0.0394% | 4h | 0.05849 | long leg | $292K | $112K | 20x |
BingX STEEM-USDT
Aster 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 | +0.0537% | 1h | 0.05880 | +0.523% | $9K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD