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

ESP

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotESPUSDT
0.07781spotno funding——$1.3M1xBuy Binance Spot
SHORT
BinanceESPUSDT
0.07784−0.1277pay 0.0638% / 4h2h 00m$1.9M$4.2M25xShort Binance
Price gap+0.040%
Funding gap−0.1277% /8h

The gap pays +$22 on $10k if it goes back to its 7d average, but funding costs $38 a day and eats that in about 14 hours. At the last 7 days' pace that is about 15 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$10−0.1277% /8h now · paid −0.103% over the last 7D
Price+$22spread +0.040% now, avg −0.179% → +0.219% if it goes back
Costs−$1271.273% of $10k · taker + slippage, in and out
Result−$116−1.16%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.103% in total, about −0.0049%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.040%
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

ESP on 12 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size41.8 / 23.3 bp
    At $10k entering Binance Spot costs 41.8 bp, fee and slippage, 1.8× 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: −$38.30Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$38.30.
  • OK: Entry gap works for you+0.040% vs −0.179%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.9M 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−0.0049%/8h × 21 periods−$10.26
Price spread+0.040% → −0.179% (7d avg)+$21.90
Slippage, 4 orderslive order books−$97.29
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$115.65
Costs to cover1.273%Break-evennever at this rate
Slippage: Binance Spot: live order book, 14 min ago; Binance: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot5.7741.8 bp−$42111.3 bp−$1,113doesn’t fitdoesn’t fit
SELL · SHORTBinance2.5623.3 bp−$23150.8 bp−$1,508doesn’t fitdoesn’t fit

Closing costs about the same again.

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