Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1154 | spot | no funding | — | — | $768K | 1x | Buy Binance Spot | |
| SHORT | 0.1154 | −0.0026 | pay 0.0013% / 4h | 3h 44m | $3.7M | $8.3M | 50x | Short Binance |
Price gap−0.019%
Funding gap−0.0026% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 13 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11−0.0026% /8h now · paid −0.109% over the last 7D
Price+$10spread −0.019% now, avg −0.118% → +0.099% if it goes back
Costs−$1111.111% of $10k · taker + slippage, in and out
Result−$112−1.12%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.019%
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
/8hBERA on 23 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size35.1 / 24.1 bpAt $10k entering Binance Spot costs 35.1 bp, fee and slippage, 1.5× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $200The 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— / 4hThe spot leg pays no funding; Binance settles every 4h.Next 24h at the current rates, on $10k a leg: −$0.79Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$0.79.
- OK: Entry gap works for you−0.019% vs −0.118%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$3.7M OIOnly 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 YesVerified KYC to deposit or trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0052%/8h × 21 periods−$10.91
Price spread−0.019% → −0.118% (7d avg)+$9.89
Slippage, 4 orderslive order books−$81.11
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$112.13
Costs to cover1.111%Break-evennever at this rate
Slippage: Binance Spot: live order book, 15 min ago; Binance: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot4.3835.1 bp−$351935.2 bp−$19.4Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance4.3724.1 bp−$2454.0 bp−$540doesn’t fitdoesn’t fit
Closing costs about the same again.
TxFlow