Funding you earn now, next payment 00:00 UTC−0.1310%/8h= −143.4% APRnext payment −$6.55 per $10,000 · paid last 24h +0.292%
Price spread now: BingX against Gate−0.260%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$527as in the Funding arb table
Net, price: spread back to 7d avg − costs−$453as in the Price arb table
costs, in and out, $10k−$4304.303% of the position
Funding, last 7 days−0.964%−$96 on $10k
+Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.260%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and BingX is 0.224% cheaper against Gate than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05765 | 0.1380 | pay 0.0690% / 4h | 49m 14s | $288K | $120K | 20x |
| Short | BingX STEEM-USDT | 0.05750 | 0.0070 | get 0.0035% / 4h | 49m 14s | — | $1.6M | — |
Gate STEEM_USDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$275.1
- Price spread: −0.260% → −0.036%
- −$22.44
- Slippage, 4 orders
- −$405.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$727.84
- Costs to cover
- 4.303%
- Break-even
- never at this rate
Slippage from Gate: live order book, 23 min ago; BingX: live order book, 8 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, 23 min ago | 6.10 bp | 182.4 bp −$182 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 7.84 bp | 32.4 bp −$32 | 86.1 bp −$861 | 872.3 bp −$87.2K | 1265.9 bp −$632.9K |
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-USDTshort | +0.0070% | 4h | 0.05750 | −0.260% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05764 | −0.010% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05758 | −0.127% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05758 | −0.121% | $428K | $110K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05756 | −0.156% | $418K | $92K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05757 | −0.139% | $449K | $242K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05753 | −0.208% | $40K | $32K | 20x | as long as short |
| Variational Omni STEEM | +0.0571% | 4h | 0.05736 | −0.498% | $12K | $147 | — | as long as short |
| Kraken Futures PF_STEEMUSD | +0.0644% | 1h | 0.05771 | +0.103% | $8K | $5K | 10x | as long as short |
| Gate STEEM_USDTlong | +0.1380% | 4h | 0.05765 | long leg | $288K | $120K | 20x |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
HTX STEEM-USDT
Variational Omni STEEM
Kraken Futures PF_STEEMUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.2016% | 4h | 0.05733 | −0.555% | $1.3M | $971K | 13x | as long as short |
Bybit STEEMUSDT