STEEM

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0686%/8h= −75.1% APRnext payment −$3.43 per $10,000 · paid last 24h −0.503%

Price spread now: KuCoin against Bybit+0.275%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$645as in the Funding arb table

Net, price: spread back to 7d avg − costs−$598as in the Price arb table

costs, in and out, $10k−$6316.306% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now +0.275%, 7d avg −0.048%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.323% dearer against Bybit than usual: you sell high and buy low (spread +0.275% now, against its 7-day average of −0.048%): +$32 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.145% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.145% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.43 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	0.05825	0.0786	pay 0.0393% / 4h	3h 42m	$1.3M	$917K	13x
Short	KuCoin STEEMUSDTM	0.05841	0.0100	get 0.0050% / 4h	3h 42m	$437K	$93K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.275%Rate

Funding earned: −$144.02
Price spread: +0.275% → −0.048%: $32.31
Slippage, 4 orders: −$607.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$742.33
Costs to cover: 6.306%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 51 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	4.29 bp	94.6 bp −$95	176.7 bp −$1,767	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	23.19 bp	282.0 bp −$282	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	0.05840	+0.258%	—	$1.6M	—	as long as short
Aster STEEMUSDT	+0.0100%	4h	0.05850	+0.429%	$17K	$11K	5x	as long as short
Binance STEEMUSDT	+0.0100%	4h	0.05845	+0.338%	$2.1M	$3.7M	25x	as long as short
MEXC STEEM_USDT	+0.0100%	4h	0.05843	+0.309%	$488K	$145K	20x	as long as short
KuCoin STEEMUSDTMshort	+0.0100%	4h	0.05841	+0.275%	$437K	$93K	30x
Bitget STEEMUSDT	+0.0100%	4h	0.05847	+0.378%	$483K	$303K	25x	as long as short
Variational Omni STEEM	+0.0100%	4h	0.05825	+0.001%	$12K	$267	—	as long as short
HTX STEEM-USDT	+0.0100%	4h	0.05827	+0.034%	$39K	$56K	20x	as long as short
Gate STEEM_USDT	+0.0444%	4h	0.05845	+0.343%	$287K	$100K	20x	as long as short
Bybit STEEMUSDTlong	+0.0786%	4h	0.05825	long leg	$1.3M	$917K	13x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_STEEMUSD	+0.3905%	1h	0.05854	+0.497%	$8K	$6K	10x	as long as short