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

BEL

All BEL markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotBELUSDT
0.09315spotno funding——$114K1xBuy Binance Spot
SHORT
BinanceBELUSDT
0.09312+0.0074get 0.0074% / 8h2h 03m$1.1M$1.0M10xShort Binance
Price gap−0.032%
Funding gap+0.0074% /8h

Funding trade: +$2 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+$19+0.0074% /8h now · paid +0.190% over the last 7D
Price+$2spread −0.032% now, avg −0.051% → +0.018% if it goes back
Costs−$1981.978% of $10k · taker + slippage, in and out
Result−$177−1.77%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.032%
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

BEL on 7 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size58.7 / 34.9 bp
    At $10k entering Binance Spot costs 58.7 bp, fee and slippage, 1.7× 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— / 8h
    The spot leg pays no funding; Binance settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$2.23Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, +$2.23.
  • Note: Gap at its usual level−0.032% vs −0.051%
    The price leg adds little either way.
  • Note: Spot has no open interest$1.1M 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+0.0090%/8h × 21 periods+$18.98
Price spread−0.032% → −0.051% (7d avg)+$1.84
Slippage, 4 orderslive order books−$167.81
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$176.99
Costs to cover1.978%Break-even72.3 days
Slippage: Binance Spot: live order book, 41 min ago; Binance: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot5.3958.7 bp−$593258.8 bp−$32.6Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance3.7634.9 bp−$35224.0 bp−$2,240doesn’t fitdoesn’t fit

Closing costs about the same again.

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