Settings8H · net · $10k
Funding arb · Price arb /

STEEM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin+0.138%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$537as in the Funding arb table
Net, price: spread back to 7d avg − costs−$476as in the Price arb table
costs, in and out, $10k−$4874.866% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.502%−$50 on $10k
Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.138%, 7d avg +0.028%
Together, before fees−0.628%−$63 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.110% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin STEEMUSDTM0.058040.0100pay 0.0050% / 4h3h 24m$429K$95K30x
ShortBitget STEEMUSDT0.058120.0100get 0.0050% / 4h3h 24m$491K$281K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.138% → +0.028%
$11.03
Slippage, 4 orders
−$462.63
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$475.6
Costs to cover
4.866%
Break-even
never at this rate
Slippage from KuCoin: live order book, 48 min ago; Bitget: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 48 min ago14.54 bp145.0 bp −$145doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 21 min ago6.00 bp25.8 bp −$26123.4 bp −$1,234doesn't fitdoesn't fit

STEEM on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX STEEM-USDT+0.0070%4h0.05812+0.138%$1.6Mas long as short
Aster STEEMUSDT+0.0100%4h0.05813+0.155%$17K$10K5xas long as short
Binance STEEMUSDT+0.0100%4h0.05810+0.107%$2.1M$3.6M25xas long as short
Bybit STEEMUSDT+0.0100%4h0.05808+0.069%$1.3M$1.0M13xas long as short
MEXC STEEM_USDT+0.0100%4h0.05811+0.121%$419K$128K20xas long as short
KuCoin STEEMUSDTMlong+0.0100%4h0.05804long leg$429K$95K30x
Bitget STEEMUSDTshort+0.0100%4h0.05812+0.138%$491K$281K25x
Variational Omni STEEM+0.0100%4h0.05801−0.053%$12K$147as long as short
HTX STEEM-USDT+0.0100%4h0.05805+0.017%$37K$47K20xas long as short
Gate STEEM_USDT+0.0130%4h0.05812+0.138%$282K$105K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_STEEMUSD+0.3152%1h0.05837+0.570%$8K$5K10xas long as short