Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.223%
Price spread now: KuCoin against Gate−0.138%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$862as in the Funding arb table
Net, price: spread back to 7d avg − costs−$821as in the Price arb table
costs, in and out, $10k−$8178.169% of the position
Funding, last 7 days−0.449%−$45 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.138%, 7d avg −0.097%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.041% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.097%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05808 | 0.0126 | pay 0.0063% / 4h | 3h 25m | $282K | $105K | 20x |
| Short | KuCoin STEEMUSDTM | 0.05800 | 0.0100 | get 0.0050% / 4h | 3h 25m | $429K | $95K | 30x |
Gate STEEM_USDT
KuCoin STEEMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$5.46
- Price spread: −0.138% → −0.097%
- −$4.08
- Slippage, 4 orders
- −$789.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$826.47
- Costs to cover
- 8.169%
- Break-even
- never at this rate
Slippage from Gate: live order book, 22 min ago; KuCoin: live order book, 48 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, 22 min ago | 5.14 bp | 175.8 bp −$176 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 48 min ago | 14.54 bp | 280.8 bp −$281 | 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 | 0.05807 | −0.017% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05811 | +0.048% | $17K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05808 | −0.008% | $2.1M | $3.6M | 25x | as long as short |
| Bybit STEEMUSDT | +0.0100% | 4h | 0.05805 | −0.052% | $1.3M | $1.0M | 13x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05808 | 0.000% | $418K | $128K | 20x | as long as short |
| KuCoin STEEMUSDTMshort | +0.0100% | 4h | 0.05800 | −0.138% | $429K | $95K | 30x | |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05810 | +0.034% | $491K | $281K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05801 | −0.122% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05805 | −0.052% | $37K | $47K | 20x | as long as short |
| Gate STEEM_USDTlong | +0.0126% | 4h | 0.05808 | long leg | $282K | $105K | 20x |
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
Bybit STEEMUSDT
MEXC STEEM_USDT
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | +0.3152% | 1h | 0.05837 | +0.501% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD