Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.5870spotno funding——$4.9M1xBuy Binance Spot
SHORT0.5870−0.0041pay 0.0041% / 8h7h 48m$14.8M$42.4M75xShort Binance
Price gap−0.009%
Funding gap−0.0041% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3.5 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$14−0.0041% /8h now · paid +0.143% over the last 7D
Price+$4spread −0.009% now, avg −0.051% → +0.042% if it goes back
Costs−$650.647% of $10k · taker + slippage, in and out
Result−$46−0.46%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.009%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

APT on 30 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size20.1 / 12.7 bp
    At $10k entering Binance Spot costs 20.1 bp, fee and slippage, 1.6× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Binance settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$1.22Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, −$1.22.
  • OK: Entry gap works for you−0.009% vs −0.051%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$14.8M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0068%/8h × 21 periods+$14.29
Price spread−0.009% → −0.051% (7d avg)+$4.21
Slippage, 4 orderslive order books−$34.68
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$46.18
Costs to cover0.647%Break-even29.6 days
Slippage: Binance Spot: live order book, 13 min ago; Binance: live order book, 12 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot2.5920.1 bp−$2075.1 bp−$751doesn’t fitdoesn’t fit
SELL · SHORTBinance0.8612.7 bp−$1323.5 bp−$23599.8 bp−$9,981doesn’t fit

Closing costs about the same again.

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