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

AWE

All AWE markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotAWEUSDT
0.06201spotno funding——$541K1xBuy Binance Spot
SHORT
BinanceAWEUSDT
0.06200+0.0100get 0.0050% / 4h2h 03m$2.3M$2.9M10xShort Binance
Price gap−0.011%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.057% under its 7d average: −$6 if it goes back, about 45 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$13+0.0100% /8h now · paid +0.131% over the last 7D
Price−$6spread −0.011% now, avg +0.046% → −0.057% if it goes back
Costs−$3503.498% of $10k · taker + slippage, in and out
Result−$342−3.42%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.011%
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

AWE on 9 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size90.2 / 50.7 bp
    At $10k entering Binance Spot costs 90.2 bp, fee and slippage, 1.8× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $1,000
    The spot leg is bought with the whole $10k; Binance runs at up to 10x. 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— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
  • Watch: Gap narrower than usual−0.011% vs +0.046%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$2.3M 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+0.0062%/8h × 21 periods+$13.09
Price spread−0.011% → +0.046% (7d avg)−$5.67
Slippage, 4 orderslive order books−$319.76
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$342.35
Costs to cover3.498%Break-even190.1 days
Slippage: Binance Spot: live order book, 40 min ago; Binance: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot7.1890.2 bp−$902666.1 bp−$26.7Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance1.6150.7 bp−$51481.2 bp−$4,812doesn’t fitdoesn’t fit

Closing costs about the same again.

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