Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.02017spotno funding——$239K1xBuy Binance Spot
SHORT0.02013+0.0100get 0.0050% / 4h2h 03m$1.2M$1.5M25xShort Binance
Price gap−0.221%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.108% above its 7d average: +$11 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$102+0.0100% /8h now · paid −1.019% over the last 7D
Price+$11spread −0.221% now, avg −0.330% → +0.108% if it goes back
Costs−$3803.803% of $10k · taker + slippage, in and out
Result−$471−4.71%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.221%
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

CVC on 8 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size214.4 / 34.5 bp
    At $10k entering Binance Spot costs 214.4 bp, fee and slippage, 6.2× 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: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
  • OK: Entry gap works for you−0.221% vs −0.330%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.2M 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−0.0485%/8h × 21 periods−$101.89
Price spread−0.221% → −0.330% (7d avg)+$10.82
Slippage, 4 orderslive order books−$350.34
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$471.41
Costs to cover3.803%Break-evennever at this rate
Slippage: Binance Spot: live order book, 26 min ago; Binance: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot7.42214.4 bp−$2145772.1 bp−$57.7Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance4.9734.5 bp−$35181.1 bp−$1,811doesn’t fitdoesn’t fit

Closing costs about the same again.

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