Funding you earn now, next payment 00:00 UTC−0.1224%/8h= −134.0% APRnext payment −$6.12 per $10,000 · paid last 24h −0.195%
Price spread now: MEXC against Gate−0.226%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$479as in the Funding arb table
Net, price: spread back to 7d avg − costs−$399as in the Price arb table
costs, in and out, $10k−$3853.847% of the position
Funding, last 7 days−0.945%−$94 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.226%, 7d avg −0.088%
=Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and MEXC is 0.138% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STEEM_USDT | 0.05742 | 0.1324 | pay 0.0662% / 4h | 2h 09m | $288K | $121K | 20x |
| Short | MEXC STEEM_USDT | 0.05729 | 0.0100 | get 0.0050% / 4h | 2h 09m | $423K | $113K | 20x |
Gate STEEM_USDT
MEXC STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$257.04
- Price spread: −0.226% → −0.088%
- −$13.84
- Slippage, 4 orders
- −$361.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$655.62
- Costs to cover
- 3.847%
- Break-even
- never at this rate
Slippage from Gate: live order book, 7 min ago; MEXC: live order book, 5 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, 7 min ago | 6.08 bp | 176.3 bp −$176 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.87 bp | 12.2 bp −$12 | 81.1 bp −$811 | 149.5 bp −$15.0K | 517.7 bp −$258.8K |
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 | −0.0635% | 1h | 0.05742 | −0.007% | $8K | $5K | 10x | as long as short |
| HTX STEEM-USDT | −0.0111% | 4h | 0.05726 | −0.279% | $40K | $33K | 20x | as long as short |
| BingX STEEM-USDT | +0.0070% | 4h | 0.05721 | −0.366% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05729 | −0.226% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05730 | −0.208% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDTshort | +0.0100% | 4h | 0.05729 | −0.226% | $423K | $113K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05728 | −0.244% | $414K | $91K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05730 | −0.209% | $446K | $232K | 25x | as long as short |
| Gate STEEM_USDTlong | +0.1324% | 4h | 0.05742 | long leg | $288K | $121K | 20x | |
| Variational Omni STEEM | +0.2454% | 4h | 0.05703 | −0.682% | $12K | $147 | — | as long as short |
Kraken Futures PF_STEEMUSD
HTX STEEM-USDT
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.3685% | 4h | 0.05703 | −0.679% | $1.3M | $968K | 13x | as long as short |
Bybit STEEMUSDT