Funding you earn now, next payment 04:00 UTC−0.0276%/8h= −30.2% APRnext payment −$1.38 per $10,000 · paid last 24h +0.248%
Price spread now: BingX against Gate−0.121%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$524as in the Funding arb table
Net, price: spread back to 7d avg − costs−$452as in the Price arb table
costs, in and out, $10k−$4434.431% of the position
Funding, last 7 days−0.806%−$81 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.121%, 7d avg −0.037%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BingX is 0.084% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05777 | 0.0346 | pay 0.0173% / 4h | 2h 26m | $280K | $118K | 20x |
| Short | BingX STEEM-USDT | 0.05770 | 0.0070 | get 0.0035% / 4h | 2h 26m | — | $1.6M | — |
Gate STEEM_USDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- −$57.96
- Price spread: −0.121% → −0.037%
- −$8.44
- Slippage, 4 orders
- −$418.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$509.48
- Costs to cover
- 4.431%
- Break-even
- never at this rate
Slippage from Gate: live order book, 35 min ago; BingX: live order book, 11 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 Gate live order book, 35 min ago | 7.73 bp | 179.4 bp −$179 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 5.21 bp | 32.6 bp −$33 | 95.5 bp −$955 | 885.0 bp −$88.5K | 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 | 0.05770 | −0.121% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05773 | −0.078% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05778 | +0.011% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05775 | −0.035% | $419K | $123K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05766 | −0.190% | $423K | $95K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05776 | −0.017% | $493K | $292K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05759 | −0.318% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05763 | −0.242% | $36K | $40K | 20x | as long as short |
| Gate STEEM_USDTlong | +0.0346% | 4h | 0.05777 | long leg | $280K | $118K | 20x | |
| Bybit STEEMUSDT | +0.2029% | 4h | 0.05764 | −0.225% | $1.3M | $1.1M | 13x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Bybit STEEMUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.2861% | 1h | 0.05792 | +0.266% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD