Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.484%
Price spread now: BingX against Bitget0.000%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1231.230% of the position
Funding, last 7 days+0.412%+$41 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now 0.000%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.030% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.030%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.412%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget STEEMUSDT | 0.05856 | 0.0100 | pay 0.0050% / 4h | 41m 48s | $494K | $295K | 25x |
| Short | BingX STEEM-USDT | 0.05856 | 0.0070 | get 0.0035% / 4h | 41m 48s | — | $1.6M | — |
Bitget STEEMUSDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: 0.000% → +0.030%
- −$3.03
- Slippage, 4 orders
- −$101
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$132.34
- Costs to cover
- 1.230%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 54 min ago; BingX: 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 Bitget live order book, 54 min ago | 11.19 bp | 26.6 bp −$27 | 177.2 bp −$1,772 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 5.99 bp | 28.9 bp −$29 | 82.7 bp −$827 | 1129.7 bp −$113.0K | 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-USDTshort | +0.0070% | 4h | 0.05856 | 0.000% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05856 | +0.001% | $17K | $11K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05861 | +0.085% | $2.1M | $3.7M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05861 | +0.085% | $496K | $137K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05850 | −0.102% | $436K | $93K | 30x | as long as short |
| Bitget STEEMUSDTlong | +0.0100% | 4h | 0.05856 | long leg | $494K | $295K | 25x | |
| Variational Omni STEEM | +0.0100% | 4h | 0.05828 | −0.480% | $12K | $267 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05835 | −0.359% | $39K | $56K | 20x | as long as short |
| Gate STEEM_USDT | +0.0842% | 4h | 0.05855 | −0.017% | $288K | $102K | 20x | as long as short |
| Bybit STEEMUSDT | +0.1222% | 4h | 0.05827 | −0.495% | $1.3M | $978K | 13x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
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 | +0.4558% | 1h | 0.05869 | +0.219% | $8K | $6K | 10x | as long as short |
Kraken Futures PF_STEEMUSD