Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8965 | spot | no funding | — | — | $4.1M | 1x | Buy Binance Spot | |
| SHORT | 1.8973 | +0.0100 | get 0.0050% / 4h | 3h 48m | $7.5M | $11.2M | 75x | Short Binance |
Price gap+0.044%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.099% above its 7d average: +$10 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$18+0.0100% /8h now · paid +0.185% over the last 7D
Price+$10spread +0.044% now, avg −0.055% → +0.099% if it goes back
Costs−$840.835% of $10k · taker + slippage, in and out
Result−$55−0.55%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.044%
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
/8hCAKE on 17 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size24.0 / 20.7 bpAt $10k entering Binance Spot costs 24.0 bp, fee and slippage, 1.2× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $133The spot leg is bought with the whole $10k; Binance runs at up to 75x. 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: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
- OK: Entry gap works for you+0.044% vs −0.055%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$7.5M 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+0.0088%/8h × 21 periods+$18.46
Price spread+0.044% → −0.055% (7d avg)+$9.86
Slippage, 4 orderslive order books−$53.55
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$55.23
Costs to cover0.835%Break-even27.9 days
Slippage: Binance Spot: live order book, 13 min ago; Binance: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot2.6424.0 bp−$24336.3 bp−$3,363doesn’t fitdoesn’t fit
SELL · SHORTBinance0.2620.7 bp−$2153.8 bp−$538220.2 bp−$22.0Kdoesn’t fit
Closing costs about the same again.
CAKE news
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| 09-24 09:36 | Phemex | Listing | new market CAKEUSDT ($CAKE) seen by our collector |
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