Funding you earn now, next payment 00:00 UTC−0.0970%/8h= −106.2% APRnext payment −$4.85 per $10,000 · paid last 24h −0.195%
Price spread now: Bitget against Gate+0.104%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$563as in the Funding arb table
Net, price: spread back to 7d avg − costs−$418as in the Price arb table
costs, in and out, $10k−$4364.356% of the position
Funding, last 7 days−1.277%−$128 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.104%, 7d avg −0.071%
=The price spread pays, funding is against you. Bitget is 0.175% dearer against Gate than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of −0.071%): +$18 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05769 | 0.1070 | pay 0.0535% / 4h | 2m 16s | $288K | $121K | 20x |
| Short | Bitget STEEMUSDT | 0.05775 | 0.0100 | get 0.0050% / 4h | 2m 16s | $450K | $241K | 25x |
Gate STEEM_USDT
Bitget STEEMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$203.7
- Price spread: +0.104% → −0.071%
- $17.53
- Slippage, 4 orders
- −$408.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$621.79
- Costs to cover
- 4.356%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 3 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, 5 min ago | 7.81 bp | 188.8 bp −$189 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 9.56 bp | 30.0 bp −$30 | 107.5 bp −$1,075 | 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 | 0.05768 | −0.017% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05774 | +0.086% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05778 | +0.156% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05775 | +0.104% | $429K | $112K | 20x | as long as short |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05769 | 0.000% | $418K | $92K | 30x | as long as short |
| Bitget STEEMUSDTshort | +0.0100% | 4h | 0.05775 | +0.104% | $450K | $241K | 25x | |
| Variational Omni STEEM | +0.0100% | 4h | 0.05728 | −0.707% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05766 | −0.052% | $40K | $32K | 20x | as long as short |
| Kraken Futures PF_STEEMUSD | +0.0641% | 1h | 0.05797 | +0.483% | $8K | $5K | 10x | as long as short |
| Gate STEEM_USDTlong | +0.1070% | 4h | 0.05769 | long leg | $288K | $121K | 20x |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
KuCoin STEEMUSDTM
Variational Omni STEEM
HTX STEEM-USDT
Kraken Futures PF_STEEMUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.1400% | 4h | 0.05753 | −0.277% | $1.3M | $983K | 13x | as long as short |
Bybit STEEMUSDT