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

EDEN

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotEDENUSDT
0.05120spotno funding——$231K1xBuy Binance Spot
SHORT
BinanceEDENUSDT
0.05117+0.0100get 0.0050% / 4h3h 46m$2.0M$1.7M20xShort Binance
Price gap−0.059%
Funding gap+0.0100% /8h

Funding trade: +$3 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+$20+0.0100% /8h now · paid +0.199% over the last 7D
Price−$2spread −0.059% now, avg −0.039% → −0.019% if it goes back
Costs−$1241.240% of $10k · taker + slippage, in and out
Result−$106−1.06%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.059%
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

EDEN on 10 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size42.5 / 17.7 bp
    At $10k entering Binance Spot costs 42.5 bp, fee and slippage, 2.4× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Binance runs at up to 20x. 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.
  • Note: Gap at its usual level−0.059% vs −0.039%
    The price leg adds little either way.
  • Note: Spot has no open interest$2.0M 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+0.0095%/8h × 21 periods+$19.91
Price spread−0.059% → −0.039% (7d avg)−$1.92
Slippage, 4 orderslive order books−$93.97
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$105.99
Costs to cover1.240%Break-even44.3 days
Slippage: Binance Spot: live order book, 11 min ago; Binance: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot7.9042.5 bp−$42940.1 bp−$9,401doesn’t fitdoesn’t fit
SELL · SHORTBinance0.9917.7 bp−$1877.8 bp−$778doesn’t fitdoesn’t fit

Closing costs about the same again.

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