STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1307%/8h= +143.1% APRnext payment +$6.54 per $10,000 · paid last 24h +0.575%

Price spread now: Bybit against KuCoin−0.120%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$600as in the Funding arb table

Net, price: spread back to 7d avg − costs−$615as in the Price arb table

costs, in and out, $10k−$5985.979% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.120%, 7d avg +0.055%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.175% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.055%). If the spread goes back, that is −$17 on $10k: about 11 hours of funding at the current rate (+$39 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STEEMUSDTM	0.05856	0.0100	pay 0.0050% / 4h	1h 00m	$437K	$93K	30x
Short	Bybit STEEMUSDT	0.05849	0.1407	get 0.0704% / 4h	1h 00m	$1.3M	$986K	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now −0.120%Rate

Funding earned: $274.48
Price spread: −0.120% → +0.055%: −$17.46
Slippage, 4 orders: −$574.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$340.87
Costs to cover: 5.979%
Break-even: 15.7 days

Slippage from KuCoin: live order book, 43 min ago; Bybit: live order book, 6 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, 43 min ago	15.54 bp	150.6 bp −$151	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	4.27 bp	109.6 bp −$110	171.0 bp −$1,710	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	0.05855	−0.017%	—	$1.6M	—	as long as short
Aster STEEMUSDT	+0.0100%	4h	0.05862	+0.102%	$17K	$11K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05865	+0.153%	$2.1M	$3.7M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05864	+0.137%	$471K	$136K	20x	as long as short
KuCoin STEEMUSDTMlong	+0.0100%	4h	0.05856	long leg	$437K	$93K	30x
Bitget STEEMUSDT	+0.0100%	4h	0.05866	+0.171%	$495K	$298K	25x	as long as short
Variational Omni STEEM	+0.0100%	4h	0.05843	−0.214%	$12K	$267	—	as long as short
HTX STEEM-USDT	+0.0100%	4h	0.05845	−0.188%	$39K	$56K	20x	as long as short
Gate STEEM_USDT	+0.0856%	4h	0.05870	+0.239%	$289K	$105K	20x	as long as short
Bybit STEEMUSDTshort	+0.1407%	4h	0.05849	−0.120%	$1.3M	$986K	13x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_STEEMUSD	+0.5056%	1h	0.05887	+0.533%	$9K	$6K	10x	as long as short