Funding you earn now, next payment 04:00 UTC−0.0486%/8h= −53.2% APRnext payment −$2.43 per $10,000 · paid last 24h −0.238%
Price spread now: KuCoin against Gate−0.208%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$830as in the Funding arb table
Net, price: spread back to 7d avg − costs−$754as in the Price arb table
costs, in and out, $10k−$7437.434% of the position
Funding, last 7 days−0.865%−$87 on $10k
+Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.208%, 7d avg −0.098%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.110% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.098%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05779 | 0.0586 | pay 0.0293% / 4h | 1h 03m | $279K | $117K | 20x |
| Short | KuCoin STEEMUSDTM | 0.05767 | 0.0100 | get 0.0050% / 4h | 1h 03m | $424K | $95K | 30x |
Gate STEEM_USDT
KuCoin STEEMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$102.06
- Price spread: −0.208% → −0.098%
- −$10.98
- Slippage, 4 orders
- −$716.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$856.49
- Costs to cover
- 7.434%
- Break-even
- never at this rate
Slippage from Gate: live order book, 53 min ago; KuCoin: live order book, 19 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, 53 min ago | 11.27 bp | 179.0 bp −$179 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 19 min ago | 17.24 bp | 261.0 bp −$261 | 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 | 0.05771 | −0.138% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05772 | −0.114% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05770 | −0.156% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05772 | −0.121% | $416K | $126K | 20x | as long as short |
| KuCoin STEEMUSDTMshort | +0.0100% | 4h | 0.05767 | −0.208% | $424K | $95K | 30x | |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05774 | −0.087% | $487K | $297K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05769 | −0.167% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05768 | −0.190% | $36K | $46K | 20x | as long as short |
| Gate STEEM_USDTlong | +0.0586% | 4h | 0.05779 | long leg | $279K | $117K | 20x | |
| Bybit STEEMUSDT | +0.0978% | 4h | 0.05758 | −0.363% | $1.3M | $1.1M | 13x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
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 | +0.3138% | 1h | 0.05799 | +0.350% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD