Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.1051spotno funding——$140K1xBuy Binance Spot
SHORT0.1050+0.0100get 0.0050% / 4h2h 03m$1.7M$1.1M25xShort Binance
Price gap−0.143%
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+$7+0.0100% /8h now · paid +0.069% over the last 7D
Price−$2spread −0.143% now, avg −0.123% → −0.020% if it goes back
Costs−$1601.604% of $10k · taker + slippage, in and out
Result−$156−1.56%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.143%
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

BARD on 12 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size55.0 / 32.4 bp
    At $10k entering Binance Spot costs 55.0 bp, fee and slippage, 1.7× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The spot leg is bought with the whole $10k; Binance runs at up to 25x. 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.
  • Note: Gap at its usual level−0.143% vs −0.123%
    The price leg adds little either way.
  • Note: Spot has no open interest$1.7M 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+0.0033%/8h × 21 periods+$6.86
Price spread−0.143% → −0.123% (7d avg)−$1.98
Slippage, 4 orderslive order books−$130.44
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$155.55
Costs to cover1.604%Break-even165.7 days
Slippage: Binance Spot: live order book, 71 min ago; Binance: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot4.7055.0 bp−$554297.1 bp−$43.0Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance4.7632.4 bp−$32210.4 bp−$2,104doesn’t fitdoesn’t fit

Closing costs about the same again.

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