Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.485%
Price spread now: Binance against BingX+0.139%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days−0.472%−$47 on $10k
+Price spread, last 7 days−0.229%−$23 · spread now +0.139%, 7d avg −0.071%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.210% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.472%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STEEM-USDT | 0.05759 | 0.0070 | pay 0.0035% / 4h | 1h 34m | — | $1.6M | — |
| Short | Binance STEEMUSDT | 0.05767 | 0.0100 | get 0.0050% / 4h | 1h 34m | $2.1M | $3.5M | 25x |
BingX STEEM-USDT
Binance STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $6.3
- Price spread: +0.139% → −0.071%
- $21.03
- Slippage, 4 orders
- −$109
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$101.67
- Costs to cover
- 1.290%
- Break-even
- 120.0 days
Slippage from BingX: live order book, 13 min ago; Binance: live order book, 2 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 BingX live order book, 13 min ago | 6.10 bp | 23.6 bp −$24 | 95.9 bp −$959 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.73 bp | 40.7 bp −$41 | 117.3 bp −$1,173 | 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-USDTlong | +0.0070% | 4h | 0.05759 | long leg | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05773 | +0.251% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDTshort | +0.0100% | 4h | 0.05767 | +0.139% | $2.1M | $3.5M | 25x | |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05766 | +0.122% | $418K | $122K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05764 | +0.087% | $424K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05768 | +0.156% | $492K | $288K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05738 | −0.358% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05764 | +0.087% | $36K | $41K | 20x | as long as short |
| Gate STEEM_USDT | +0.0400% | 4h | 0.05764 | +0.087% | $279K | $117K | 20x | as long as short |
| Bybit STEEMUSDT | +0.1314% | 4h | 0.05752 | −0.122% | $1.3M | $1.1M | 13x | as long as short |
Aster STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate 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 | +0.3140% | 1h | 0.05797 | +0.655% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD