Funding you earn now, next payment 04:00 UTC+0.0457%/8h= +50.0% APRnext payment +$2.29 per $10,000 · paid last 24h +0.575%
Price spread now: Bybit against Binance−0.128%7-day average +0.285% · you buy dearer than you sell
Net, funding: paid 7d − costs−$231as in the Funding arb table
Net, price: spread back to 7d avg − costs−$345as in the Price arb table
costs, in and out, $10k−$3033.033% of the position
Funding, last 7 days+0.727%+$73 on $10k
+Price spread, last 7 days+0.887%+$89 · spread now −0.128%, 7d avg +0.285%
=Funding pays, the price is against you. Bybit is 0.413% cheaper against Binance than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of +0.285%). If the spread goes back, that is −$41 on $10k: about 3.0 days of funding at the current rate (+$14 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STEEMUSDT | 0.05827 | 0.0100 | pay 0.0050% / 4h | 45m 33s | $2.1M | $3.5M | 25x |
| Short | Bybit STEEMUSDT | 0.05820 | 0.0557 | get 0.0279% / 4h | 45m 33s | $1.3M | $1.0M | 13x |
Binance STEEMUSDT
Bybit STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $95.97
- Price spread: −0.128% → +0.285%
- −$41.3
- Slippage, 4 orders
- −$282.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$248.63
- Costs to cover
- 3.033%
- Break-even
- 25.1 days
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 5 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 Binance live order book, 6 min ago | 1.72 bp | 45.8 bp −$46 | 181.6 bp −$1,816 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.30 bp | 112.0 bp −$112 | 172.8 bp −$1,728 | 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 | 0.05826 | −0.025% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05832 | +0.078% | $17K | $10K | 5x | as long as short |
| Binance STEEMUSDTlong | +0.0100% | 4h | 0.05827 | long leg | $2.1M | $3.5M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05828 | +0.009% | $420K | $123K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05825 | −0.042% | $431K | $95K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05830 | +0.044% | $494K | $296K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05818 | −0.155% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05827 | −0.008% | $37K | $47K | 20x | as long as short |
| Bybit STEEMUSDTshort | +0.0557% | 4h | 0.05820 | −0.128% | $1.3M | $1.0M | 13x | |
| Gate STEEM_USDT | +0.0602% | 4h | 0.05832 | +0.078% | $282K | $106K | 20x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.3199% | 1h | 0.05857 | +0.515% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD