Funding you earn now, next payment 04:00 UTC+0.0702%/8h= +76.9% APRnext payment +$3.51 per $10,000 · paid last 24h +0.237%
Price spread now: Gate against MEXC+0.121%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$394as in the Price arb table
costs, in and out, $10k−$3973.971% of the position
Funding, last 7 days+0.862%+$86 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.121%, 7d avg +0.084%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Gate is 0.036% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC STEEM_USDT | 0.05806 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $431K | $119K | 20x |
| Short | Gate STEEM_USDT | 0.05813 | 0.0802 | get 0.0401% / 4h | 3h 33m | $290K | $111K | 20x |
MEXC STEEM_USDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. 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
- $147.42
- Price spread: +0.121% → +0.084%
- $3.61
- Slippage, 4 orders
- −$374.12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$246.09
- Costs to cover
- 3.971%
- Break-even
- 18.7 days
Slippage from MEXC: live order book, 23 min ago; Gate: live order book, 34 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 MEXC live order book, 23 min ago | 1.74 bp | 11.7 bp −$12 | 92.6 bp −$926 | 150.5 bp −$15.1K | 543.3 bp −$271.6K |
| Sell Gate live order book, 34 min ago | 7.81 bp | 186.7 bp −$187 | 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 | 0.05803 | −0.052% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05807 | +0.024% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05809 | +0.052% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDTlong | +0.0100% | 4h | 0.05806 | long leg | $431K | $119K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05802 | −0.069% | $417K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05806 | 0.000% | $475K | $285K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05793 | −0.222% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05803 | −0.052% | $40K | $33K | 20x | as long as short |
| Bybit STEEMUSDT | +0.0461% | 4h | 0.05786 | −0.344% | $1.3M | $1.0M | 13x | as long as short |
| Kraken Futures PF_STEEMUSD | +0.0542% | 1h | 0.05826 | +0.337% | $8K | $5K | 10x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Bybit STEEMUSDT
Kraken Futures PF_STEEMUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STEEM_USDTshort | +0.0802% | 4h | 0.05813 | +0.121% | $290K | $111K | 20x |