Funding you earn now, next payment 04:00 UTC−0.1211%/8h= −132.6% APRnext payment −$6.06 per $10,000 · paid last 24h −0.090%
Price spread now: BingX against Bybit+0.191%7-day average −0.220% · you sell dearer than you buy
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2712.712% of the position
Funding, last 7 days−0.255%−$26 on $10k
+Price spread, last 7 days−0.857%−$86 · spread now +0.191%, 7d avg −0.220%
=The price spread pays, funding is against you. BingX is 0.412% dearer against Bybit than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of −0.220%): +$41 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.255% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.255% in total (about -13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STEEMUSDT | 0.05752 | 0.1281 | pay 0.0641% / 4h | 1h 32m | $1.3M | $1.1M | 13x |
| Short | BingX STEEM-USDT | 0.05763 | 0.0070 | get 0.0035% / 4h | 1h 32m | — | $1.6M | — |
Bybit STEEMUSDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$254.34
- Price spread: +0.191% → −0.220%
- $41.15
- Slippage, 4 orders
- −$250.21
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$484.4
- Costs to cover
- 2.712%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 14 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 Bybit live order book, 3 min ago | 3.48 bp | 103.5 bp −$103 | 182.7 bp −$1,827 | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 6.10 bp | 33.1 bp −$33 | 83.0 bp −$830 | 896.1 bp −$89.6K | 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 | 0.05763 | +0.191% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05769 | +0.299% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05770 | +0.316% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05769 | +0.296% | $418K | $122K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05761 | +0.156% | $424K | $95K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05769 | +0.296% | $492K | $288K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05738 | −0.237% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05760 | +0.139% | $36K | $41K | 20x | as long as short |
| Gate STEEM_USDT | +0.0402% | 4h | 0.05765 | +0.226% | $279K | $117K | 20x | as long as short |
| Bybit STEEMUSDTlong | +0.1281% | 4h | 0.05752 | long leg | $1.3M | $1.1M | 13x |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate STEEM_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.3141% | 1h | 0.05795 | +0.740% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD