Funding you earn now, next payment 00:00 UTC+0.0652%/8h= +71.4% APRnext payment +$3.26 per $10,000 · paid last 24h +0.309%
Price spread now: Bybit against Gate−0.486%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$583as in the Funding arb table
Net, price: spread back to 7d avg − costs−$546as in the Price arb table
costs, in and out, $10k−$4994.995% of the position
Funding, last 7 days−0.834%−$83 on $10k
+Price spread, last 4 days (all we have)+0.444%+$44 · spread now −0.486%, 7d avg −0.019%
=Funding pays, the price is against you. Bybit is 0.467% cheaper against Gate than usual: you would sell low and buy high (spread −0.486% now, against its 7-day average of −0.019%). If the spread goes back, that is −$47 on $10k: about 2.4 days of funding at the current rate (+$20 a day). Mind the row above: over the last 7 days funding on this pair cost −0.834%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05762 | 0.1410 | pay 0.0705% / 4h | 52m 00s | $288K | $120K | 20x |
| Short | Bybit STEEMUSDT | 0.05734 | 0.2062 | get 0.1031% / 4h | 52m 00s | $1.3M | $972K | 13x |
Gate STEEM_USDT
Bybit STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $136.94
- Price spread: −0.486% → −0.019%
- −$46.72
- Slippage, 4 orders
- −$473.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$409.25
- Costs to cover
- 4.995%
- Break-even
- 27.9 days
Slippage from Gate: live order book, 20 min ago; Bybit: live order book, 4 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, 20 min ago | 6.10 bp | 182.4 bp −$182 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.62 bp | 54.6 bp −$55 | 161.3 bp −$1,613 | 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 | 0.05748 | −0.243% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05764 | +0.041% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05758 | −0.069% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05757 | −0.087% | $428K | $110K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05756 | −0.104% | $418K | $92K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05755 | −0.121% | $449K | $242K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05753 | −0.156% | $40K | $32K | 20x | as long as short |
| Kraken Futures PF_STEEMUSD | +0.0644% | 1h | 0.05773 | +0.192% | $8K | $5K | 10x | as long as short |
| Variational Omni STEEM | +0.0676% | 4h | 0.05728 | −0.595% | $12K | $147 | — | as long as short |
| Gate STEEM_USDTlong | +0.1410% | 4h | 0.05762 | long leg | $288K | $120K | 20x |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
HTX STEEM-USDT
Kraken Futures PF_STEEMUSD
Variational Omni STEEMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDTshort | +0.2062% | 4h | 0.05734 | −0.486% | $1.3M | $972K | 13x |