Funding you earn now, next payment 12:00 UTC−0.0658%/8h= −72.1% APRnext payment −$3.29 per $10,000 · paid last 24h −0.253%
Price spread now: Bitget against Gate−0.153%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$519as in the Funding arb table
Net, price: spread back to 7d avg − costs−$439as in the Price arb table
costs, in and out, $10k−$4314.306% of the position
Funding, last 7 days−0.883%−$88 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.153%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bitget is 0.085% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05898 | 0.0758 | pay 0.0379% / 4h | 3h 18m | $290K | $100K | 20x |
| Short | Bitget STEEMUSDT | 0.05889 | 0.0100 | get 0.0050% / 4h | 3h 18m | $487K | $298K | 25x |
Gate STEEM_USDT
Bitget STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$138.18
- Price spread: −0.153% → −0.067%
- −$8.51
- Slippage, 4 orders
- −$403.61
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$577.3
- Costs to cover
- 4.306%
- Break-even
- never at this rate
Slippage from Gate: live order book, 8 min ago; Bitget: live order book, 7 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, 8 min ago | 17.93 bp | 183.5 bp −$184 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 7.67 bp | 44.8 bp −$45 | 147.5 bp −$1,475 | 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 | 0.05887 | −0.187% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05895 | −0.051% | $17K | $11K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05893 | −0.085% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05891 | −0.119% | $498K | $148K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05888 | −0.170% | $441K | $90K | 30x | as long as short |
| Bitget STEEMUSDTshort | +0.0100% | 4h | 0.05889 | −0.153% | $487K | $298K | 25x | |
| Variational Omni STEEM | +0.0100% | 4h | 0.05867 | −0.523% | $12K | $267 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05874 | −0.407% | $39K | $56K | 20x | as long as short |
| Gate STEEM_USDTlong | +0.0758% | 4h | 0.05898 | long leg | $290K | $100K | 20x | |
| Bybit STEEMUSDT | +0.2156% | 4h | 0.05881 | −0.288% | $1.3M | $906K | 13x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
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 | +0.3873% | 1h | 0.05904 | +0.097% | $9K | $6K | 10x | as long as short |
Kraken Futures PF_STEEMUSD