STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.2752%/8h= −301.4% APRnext payment −$13.76 per $10,000 · paid last 24h −0.504%

Price spread now: Bitget against Bybit+0.527%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$321as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2762.763% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.442%−$44 on $10k

Price spread, last 4 days (all we have)−0.544%−$54 · spread now +0.527%, 7d avg −0.054%

Together, before fees−0.986%−$99 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.581% dearer against Bybit than usual: you sell high and buy low (spread +0.527% now, against its 7-day average of −0.054%): +$58 on $10k if it goes back. Holding the pair costs −$83 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.442% in total) that is about 9.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.442% in total (about -23.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.76 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	0.05692	0.2852	pay 0.1426% / 4h	1h 34m	$1.3M	$966K	13x
Short	Bitget STEEMUSDT	0.05722	0.0100	get 0.0050% / 4h	1h 34m	$443K	$234K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.527%Rate

Funding earned: −$577.97
Price spread: +0.527% → −0.054%: $58.13
Slippage, 4 orders: −$253.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$796.14
Costs to cover: 2.763%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 41 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, 2 min ago	4.39 bp	109.7 bp −$110	272.8 bp −$2,728	doesn't fit	doesn't fit
Sell Bitget live order book, 41 min ago	6.11 bp	18.6 bp −$19	96.5 bp −$965	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
Kraken Futures PF_STEEMUSD	−0.0382%	1h	0.05730	+0.663%	$8K	$5K	10x	as long as short
BingX STEEM-USDT	+0.0070%	4h	0.05713	+0.369%	—	$1.6M	—	as long as short
Aster STEEMUSDT	+0.0100%	4h	0.05721	+0.515%	$16K	$10K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05719	+0.474%	$2.1M	$3.4M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05716	+0.422%	$422K	$112K	20x	as long as short
KuCoin STEEMUSDTM	+0.0100%	4h	0.05708	+0.281%	$415K	$92K	30x	as long as short
Bitget STEEMUSDTshort	+0.0100%	4h	0.05722	+0.527%	$443K	$234K	25x
HTX STEEM-USDT	+0.0100%	4h	0.05712	+0.351%	$40K	$32K	20x	as long as short
Variational Omni STEEM	+0.1379%	4h	0.05699	+0.120%	$12K	$147	—	as long as short
Gate STEEM_USDT	+0.1424%	4h	0.05726	+0.597%	$287K	$120K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STEEMUSDTlong	+0.2852%	4h	0.05692	long leg	$1.3M	$966K	13x