Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.484%
Price spread now: BingX against KuCoin+0.208%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$513as in the Funding arb table
Net, price: spread back to 7d avg − costs−$490as in the Price arb table
costs, in and out, $10k−$5045.042% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.208%, 7d avg +0.061%
=The price spread pays, funding is against you. BingX is 0.147% dearer against KuCoin than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of +0.061%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin STEEMUSDTM | 0.05769 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $430K | $96K | 30x |
| Short | BingX STEEM-USDT | 0.05781 | 0.0070 | get 0.0035% / 4h | 2h 08m | — | $1.6M | — |
KuCoin STEEMUSDTM
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- −$6.3
- Price spread: +0.208% → +0.061%
- $14.72
- Slippage, 4 orders
- −$482.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$495.82
- Costs to cover
- 5.042%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 49 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 KuCoin live order book, 49 min ago | 12.09 bp | 158.3 bp −$158 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 6.97 bp | 38.7 bp −$39 | 90.4 bp −$904 | 891.6 bp −$89.2K | 1272.8 bp −$636.4K |
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 | 0.05781 | +0.208% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05772 | +0.054% | $16K | $11K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05771 | +0.035% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05772 | +0.052% | $423K | $131K | 20x | as long as short |
| KuCoin STEEMUSDTMlong | +0.0100% | 4h | 0.05769 | long leg | $430K | $96K | 30x | |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05776 | +0.121% | $485K | $290K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05757 | −0.208% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05763 | −0.104% | $37K | $44K | 20x | as long as short |
| Gate STEEM_USDT | +0.0560% | 4h | 0.05766 | −0.052% | $284K | $105K | 20x | as long as short |
| Bybit STEEMUSDT | +0.0706% | 4h | 0.05762 | −0.121% | $1.2M | $1.0M | 13x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate 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 | +0.2808% | 1h | 0.05782 | +0.227% | $8K | $6K | 10x | as long as short |
Kraken Futures PF_STEEMUSD