Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.485%
Price spread now: BingX against KuCoin+0.017%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$472as in the Funding arb table
Net, price: spread back to 7d avg − costs−$463as in the Price arb table
costs, in and out, $10k−$4594.591% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.017%, 7d avg +0.060%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin STEEMUSDTM | 0.05771 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $425K | $95K | 30x |
| Short | BingX STEEM-USDT | 0.05772 | 0.0070 | get 0.0035% / 4h | 1h 05m | — | $1.6M | — |
KuCoin STEEMUSDTM
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- −$6.3
- Price spread: +0.017% → +0.060%
- −$4.26
- Slippage, 4 orders
- −$437.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$469.7
- Costs to cover
- 4.591%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 17 min ago; BingX: live order book, 7 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 KuCoin live order book, 17 min ago | 17.24 bp | 126.5 bp −$127 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 5.18 bp | 26.9 bp −$27 | 91.5 bp −$915 | 971.8 bp −$97.2K | 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 | 0.05772 | +0.017% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05782 | +0.187% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05773 | +0.035% | $2.1M | $3.5M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05772 | +0.017% | $416K | $125K | 20x | as long as short |
| KuCoin STEEMUSDTMlong | +0.0100% | 4h | 0.05771 | long leg | $425K | $95K | 30x | |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05775 | +0.069% | $488K | $297K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05769 | −0.028% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05780 | +0.156% | $36K | $46K | 20x | as long as short |
| Gate STEEM_USDT | +0.0564% | 4h | 0.05780 | +0.156% | $280K | $117K | 20x | as long as short |
| Bybit STEEMUSDT | +0.1012% | 4h | 0.05763 | −0.139% | $1.3M | $1.1M | 13x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Gate 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 | +0.3139% | 1h | 0.05798 | +0.461% | $8K | $5K | 10x | as long as short |
Kraken Futures PF_STEEMUSD