Settings8H · net · $10k
Funding arb · Price arb /

STEEM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bitget−0.104%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$449as in the Funding arb table
Net, price: spread back to 7d avg − costs−$507as in the Price arb table
costs, in and out, $10k−$4994.994% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.502%+$50 on $10k
Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.104%, 7d avg −0.029%
Together, before fees+0.597%+$60 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.075% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget STEEMUSDT0.057820.0100pay 0.0050% / 4h1h 56m$485K$289K25x
ShortKuCoin STEEMUSDTM0.057760.0100get 0.0050% / 4h1h 56m$430K$96K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.104% → −0.029%
−$7.5
Slippage, 4 orders
−$475.44
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$506.94
Costs to cover
4.994%
Break-even
never at this rate
Slippage from Bitget: live order book, 45 min ago; KuCoin: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 45 min ago1.74 bp24.4 bp −$24146.9 bp −$1,469doesn't fitdoesn't fit
Sell KuCoin live order book, 62 min ago12.09 bp278.7 bp −$279doesn't fitdoesn't fitdoesn't fit

STEEM on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX STEEM-USDT+0.0070%4h0.05777−0.086%$1.6Mas long as short
Aster STEEMUSDT+0.0100%4h0.05778−0.069%$16K$11K5xas long as short
Binance STEEMUSDT+0.0100%4h0.05778−0.067%$2.1M$3.6M25xas long as short
MEXC STEEM_USDT+0.0100%4h0.05777−0.086%$423K$128K20xas long as short
KuCoin STEEMUSDTMshort+0.0100%4h0.05776−0.104%$430K$96K30x
Bitget STEEMUSDTlong+0.0100%4h0.05782long leg$485K$289K25x
Variational Omni STEEM+0.0100%4h0.05769−0.217%$12K$147as long as short
HTX STEEM-USDT+0.0100%4h0.05768−0.242%$37K$44K20xas long as short
Gate STEEM_USDT+0.0620%4h0.05787+0.086%$285K$105K20xas long as short
Bybit STEEMUSDT+0.0647%4h0.05772−0.173%$1.2M$1.0M13xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_STEEMUSD+0.5124%1h0.05810+0.476%$8K$6K10xas long as short