STEEM arbitrage between Astar DEX and Binance: we compare the price of STEEM on Astar DEX (futures) and Binance (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Steem

Steem is a cryptocurrency that rewards users for community building by posting and upvoting valuable content for others. Steem was inspired from the success of Reddit where the community helped enrich the shareholders. Steem aims to help distribute the rewards to the community members who help create the community in the first place. Steem aims to provide various services to its members such as a source of curated news, Q&A, job boards etc. The founders of Steem came from BitShares with Dan Larimer involved as well. Steem’s main platform, called Steemit, is a social media network built on top of the Steem blockchain. Steemit is similar to popular content-driven social networks like Reddit and Medium, but it rewards users with cryptocurrency for their participation.…

SocialFi

Over the past 24 hours the spread between Astar DEX and Binance stayed between 0.61% and 0.76%, median 0.70% across 30 samples (funding divergence).

STEEM: Binance — deposit open, withdrawal open.

Open interest in STEEM right now — $2.8M: Binance $908.3K, BingX $905.6K, Bybit $495.4K, Bitget $245.9K, KuCoin $197.1K. See OI STEEM.

About STEEM arbitrage

How do I read the STEEM spread?

The spread is how many percent higher STEEM trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Astar DEX and Binance. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get STEEM alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.