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

CHEEMS

All CHEEMS markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance Spot1000CHEEMSUSDT
0.0000003635spotno funding——$583K1xBuy Binance Spot
SHORT
Binance1000CHEEMSUSDT
0.0000003684−0.1214pay 0.0607% / 4h2h 03m$931K$1.2M25xShort Binance
Price gap+1.348%
Funding gap−0.1214% /8h

The gap pays +$119 on $10k if it goes back to its 7d average, but funding costs $36 a day and eats that in about 3.3 days. At the last 7 days' pace that is about 49 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$17−0.1214% /8h now · paid −0.169% over the last 7D
Price+$119spread +1.348% now, avg +0.157% → +1.191% if it goes back
Costs−$4004.000% of $10k · taker + slippage, in and out
Result−$298−2.98%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.169% in total, about −0.0081%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now+1.348%
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

CHEEMS on 7 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size187.1 / 36.1 bp
    At $10k entering Binance Spot costs 187.1 bp, fee and slippage, 5.2× 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: −$36.43Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$36.43.
  • OK: Entry gap works for you+1.348% vs +0.157%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$931K OI
    Binance sets your exit cost. Check its book before closing.
  • 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−0.0081%/8h × 21 periods−$16.95
Price spread+1.348% → +0.157% (7d avg)+$119.15
Slippage, 4 orderslive order books−$370.05
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$297.84
Costs to cover4.000%Break-evennever at this rate
Slippage: Binance Spot: live order book, 55 min ago; Binance: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot13.76187.1 bp−$187doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.7136.1 bp−$36237.6 bp−$2,376doesn’t fitdoesn’t fit

Closing costs about the same again.

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