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STEEM — funding rate on Bitget

Bitget · STEEMUSDT
-0.855%per 4h · -0.214%/hlongs receive
last settlement-0.483%→upcoming payout-0.855%▲ heating up
1:09:20settlement
19warmheat
Price (mark)
0.0614
-1.9% 1h-3.4% 24h
Vol 24h
$2.0M
Open interest
$522K
Price move in 2 min
+0.76%

Price and skew

Price and settlements
287 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$12K
$5K longs$6K shorts
Both sides almost equally. Quiet over the last hour.
Imbalance dynamicsPRO · open for now
now $522K·series over 23h 58m·event alive for 3h 29m
imbalance is holdingno new positions are piling in, but none are leaving either
OI, STEEMpricesettlements · 4h
over the seriesover the last hourpositions+12.9%+1.2%price-3.6%-2.1%
Event life curvePRO · open for now
Appears once the event closes: the curve is built from finished ones only.

Entry economics

Position calculator
Position size
$2,500
Funding per settlement (4h)
$21.38 · $5.35/hour
Net snipe per settlement
$17.38 = 0.855% − 0.110% − 0.050%
Break-even for entry
rate covers the threshold 5.35×needs 0.160%+ per settlement
Liquidation price
0.049427 (−19.50% from price)
Risk at this leverage
low risk— price moved up to +0.76% in 2 min
Max “green” leverage
35x

Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.

Settlement window · facts (27)
before cut-off · 5m · the snipe window (27)
avg+0.41% | -1.19%
max-5.60%
after · 5m
avg+1.25% | -0.78%
max+6.76%
before cut-off · 15m
avg+0.43% | -1.35%
max-5.01%
after · 15m
avg+2.32% | -0.87%
max+8.34%
Cut-offRateBeforeAfter
25.09 00:00-0.483%+0.66%+0.59%
24.09 12:00-0.334%-0.56%-0.37%
24.09 08:00-0.441%-0.82%+0.19%
24.09 04:00-0.668%-2.27%-2.34%
17.09 04:00-0.292%-0.18%-0.07%
PRO · open for now
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 27 settlements
average across settlementsspread: worst … best outcome

Context and comparison

Funding history · 542 settlements
avg 7d -0.014%/havg 30d -0.028%/hCSV export — in PRO
STEEM on 3 exchanges

Max spread across exchanges: +0.038%/h

STEEM across all exchanges: comparison & curves →
Rates across exchangesPRO · open for now

3 exchanges on one timeline

Binanceevery 4hBitgetevery 4hBybitevery 4hrate corridor between exchanges

exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market

spread typically
0.0045%/h
widest spread
0.0776%/h
24.09 01:00 UTC · Bitget ↔ Bybit

the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields

How to read this
  • Snipe: enter long before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
  • Hedged: a long here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
  • Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.