Funding you earn now, next payment 08:00 UTC+0.0270%/8h= +29.6% APRnext payment +$1.35 per $10,000 · paid last 24h +0.223%
Price spread now: Gate against Binance+0.069%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$354as in the Funding arb table
Net, price: spread back to 7d avg − costs−$457as in the Price arb table
costs, in and out, $10k−$4554.546% of the position
Funding, last 7 days+1.002%+$100 on $10k
+Price spread, last 4 days (all we have)+0.236%+$24 · spread now +0.069%, 7d avg +0.090%
=Funding pays, the price is against you. Gate is 0.021% cheaper against Binance than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.090%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STEEMUSDT | 0.05805 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $2.1M | $3.6M | 25x |
| Short | Gate STEEM_USDT | 0.05809 | 0.0370 | get 0.0185% / 4h | 2h 55m | $282K | $102K | 20x |
Binance STEEMUSDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $56.7
- Price spread: +0.069% → +0.090%
- −$2.07
- Slippage, 4 orders
- −$429.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$399.97
- Costs to cover
- 4.546%
- Break-even
- 56.4 days
Slippage from Binance: live order book, 11 min ago; Gate: live order book, 52 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, 11 min ago | 0.86 bp | 30.5 bp −$31 | 161.0 bp −$1,610 | doesn't fit | doesn't fit |
| Sell Gate live order book, 52 min ago | 5.14 bp | 215.3 bp −$215 | 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 | 0.05809 | +0.069% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05813 | +0.135% | $17K | $11K | 5x | as long as short |
| Binance STEEMUSDTlong | +0.0100% | 4h | 0.05805 | long leg | $2.1M | $3.6M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05805 | 0.000% | $425K | $127K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05806 | +0.017% | $431K | $97K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05808 | +0.052% | $486K | $289K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05803 | −0.026% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05797 | −0.138% | $37K | $43K | 20x | as long as short |
| Gate STEEM_USDTshort | +0.0370% | 4h | 0.05809 | +0.069% | $282K | $102K | 20x | |
| Bybit STEEMUSDT | +0.0481% | 4h | 0.05798 | −0.121% | $1.3M | $1.0M | 13x | as long as short |
BingX STEEM-USDT
Aster STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX 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 | +0.2782% | 1h | 0.05836 | +0.537% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD