Funding you earn now, next payment 00:00 UTC+0.0968%/8h= +106.0% APRnext payment +$4.84 per $10,000 · paid last 24h +0.195%
Price spread now: Gate against Bitget0.000%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$308as in the Funding arb table
Net, price: spread back to 7d avg − costs−$443as in the Price arb table
costs, in and out, $10k−$4364.356% of the position
Funding, last 7 days+1.277%+$128 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now 0.000%, 7d avg +0.071%
=Funding pays, the price is against you. Gate is 0.071% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.071%). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$29 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget STEEMUSDT | 0.05757 | 0.0100 | pay 0.0050% / 4h | 3m 50s | $449K | $241K | 25x |
| Short | Gate STEEM_USDT | 0.05757 | 0.1068 | get 0.0534% / 4h | 3m 50s | $288K | $121K | 20x |
Bitget STEEMUSDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $203.28
- Price spread: 0.000% → +0.071%
- −$7.13
- Slippage, 4 orders
- −$408.63
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$239.48
- Costs to cover
- 4.356%
- Break-even
- 15.2 days
Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago | 9.56 bp | 30.2 bp −$30 | 150.7 bp −$1,507 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 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 | 0.05751 | −0.104% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05759 | +0.027% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05758 | +0.017% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05758 | +0.017% | $427K | $112K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05753 | −0.069% | $417K | $92K | 30x | as long as short |
| Bitget STEEMUSDTlong | +0.0100% | 4h | 0.05757 | long leg | $449K | $241K | 25x | |
| Variational Omni STEEM | +0.0100% | 4h | 0.05728 | −0.500% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05751 | −0.104% | $40K | $32K | 20x | as long as short |
| Kraken Futures PF_STEEMUSD | +0.0644% | 1h | 0.05773 | +0.271% | $8K | $5K | 10x | as long as short |
| Gate STEEM_USDTshort | +0.1068% | 4h | 0.05757 | 0.000% | $288K | $121K | 20x |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Variational Omni STEEM
HTX STEEM-USDT
Kraken Futures PF_STEEMUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.1352% | 4h | 0.05737 | −0.347% | $1.3M | $979K | 13x | as long as short |
Bybit STEEMUSDT