Funding you earn now, next payment 00:00 UTC+0.1298%/8h= +142.1% APRnext payment +$6.49 per $10,000 · paid last 24h +0.195%
Price spread now: Gate against MEXC+0.245%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$369as in the Price arb table
costs, in and out, $10k−$3853.847% of the position
Funding, last 7 days+1.141%+$114 on $10k
+Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.245%, 7d avg +0.090%
=Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Gate is 0.155% dearer against MEXC than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC STEEM_USDT | 0.05713 | 0.0100 | pay 0.0050% / 4h | 1h 25m | $422K | $113K | 20x |
| Short | Gate STEEM_USDT | 0.05727 | 0.1398 | get 0.0699% / 4h | 1h 25m | $287K | $121K | 20x |
MEXC STEEM_USDT
Gate STEEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $272.58
- Price spread: +0.245% → +0.090%
- $15.53
- Slippage, 4 orders
- −$361.74
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$96.63
- Costs to cover
- 3.847%
- Break-even
- 9.5 days
Slippage from MEXC: live order book, 49 min ago; Gate: live order book, 52 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, 49 min ago | 0.87 bp | 7.7 bp −$8 | 54.4 bp −$544 | 144.6 bp −$14.5K | 504.4 bp −$252.2K |
| Sell Gate live order book, 52 min ago | 6.08 bp | 188.5 bp −$189 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | −0.0382% | 1h | 0.05730 | +0.297% | $8K | $5K | 10x | as long as short |
| BingX STEEM-USDT | +0.0070% | 4h | 0.05712 | −0.018% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05722 | +0.158% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05717 | +0.070% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDTlong | +0.0100% | 4h | 0.05713 | long leg | $422K | $113K | 20x | |
| KuCoin STEEMUSDTM | +0.0100% | 4h | 0.05714 | +0.018% | $415K | $92K | 30x | as long as short |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05724 | +0.193% | $444K | $235K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05711 | −0.035% | $40K | $32K | 20x | as long as short |
| Variational Omni STEEM | +0.1239% | 4h | 0.05690 | −0.406% | $12K | $147 | — | as long as short |
| Gate STEEM_USDTshort | +0.1398% | 4h | 0.05727 | +0.245% | $287K | $121K | 20x |
Kraken Futures PF_STEEMUSD
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
KuCoin STEEMUSDTM
Bitget STEEMUSDT
HTX STEEM-USDT
Variational Omni STEEMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDT | +0.2516% | 4h | 0.05695 | −0.315% | $1.3M | $966K | 13x | as long as short |
Bybit STEEMUSDT