Settings8H · net · $10k
My profile
Funding arb · Price arb / Crypto

ARPA

All ARPA markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotARPAUSDT
0.009440spotno funding——$137K1xBuy Binance Spot
SHORT
BinanceARPAUSDT
0.009438+0.0100get 0.0100% / 8h2h 03m$1.5M$1.4M50xShort Binance
Price gap−0.018%
Funding gap+0.0100% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$21+0.0100% /8h now · paid +0.206% over the last 7D
Price$0spread −0.018% now, avg −0.022% → +0.004% if it goes back
Costs−$3823.818% of $10k · taker + slippage, in and out
Result−$361−3.61%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.018%
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

ARPA on 10 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size213.4 / 43.4 bp
    At $10k entering Binance Spot costs 213.4 bp, fee and slippage, 4.9× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Binance runs at up to 50x. 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: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, +$3.00.
  • Note: Gap at its usual level−0.018% vs −0.022%
    The price leg adds little either way.
  • Note: Spot has no open interest$1.5M 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+0.0098%/8h × 21 periods+$20.65
Price spread−0.018% → −0.022% (7d avg)+$0.45
Slippage, 4 orderslive order books−$351.79
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$360.70
Costs to cover3.818%Break-even129.3 days
Slippage: Binance Spot: live order book, 26 min ago; Binance: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot5.29213.4 bp−$2132247.0 bp−$22.5Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance3.1843.4 bp−$43210.0 bp−$2,100doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert