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 MEXC−0.086%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$880.882% of the position
Funding, last 7 days+0.495%+$50 on $10k
+Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.086%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.134% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.048%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.495%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC STEEM_USDT | 0.05808 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $431K | $119K | 20x |
| Short | BingX STEEM-USDT | 0.05803 | 0.0070 | get 0.0035% / 4h | 3h 32m | — | $1.6M | — |
MEXC STEEM_USDT
BingX STEEM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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: −0.086% → +0.048%
- −$13.38
- Slippage, 4 orders
- −$70.19
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$107.86
- Costs to cover
- 0.882%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 23 min ago; BingX: live order book, 9 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 MEXC live order book, 23 min ago | 1.74 bp | 11.7 bp −$12 | 92.6 bp −$926 | 150.5 bp −$15.1K | 543.3 bp −$271.6K |
| Sell BingX live order book, 9 min ago | 5.17 bp | 27.0 bp −$27 | 86.3 bp −$863 | 1056.0 bp −$105.6K | 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 | 0.05803 | −0.086% | — | $1.6M | — | |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05807 | −0.014% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05807 | −0.014% | $2.1M | $3.6M | 25x | as long as short |
| MEXC STEEM_USDTlong | +0.0100% | 4h | 0.05808 | long leg | $431K | $119K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05806 | −0.034% | $417K | $94K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05807 | −0.017% | $475K | $285K | 25x | as long as short |
| Variational Omni STEEM | +0.0100% | 4h | 0.05793 | −0.257% | $12K | $147 | — | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05803 | −0.086% | $40K | $33K | 20x | as long as short |
| Bybit STEEMUSDT | +0.0461% | 4h | 0.05785 | −0.396% | $1.3M | $1.0M | 13x | as long as short |
| Kraken Futures PF_STEEMUSD | +0.0542% | 1h | 0.05826 | +0.303% | $8K | $5K | 10x | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
Variational Omni STEEM
HTX STEEM-USDT
Bybit STEEMUSDT
Kraken Futures PF_STEEMUSDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STEEM_USDT | +0.0802% | 4h | 0.05813 | +0.086% | $290K | $111K | 20x | as long as short |
Gate STEEM_USDT