Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.005885 | spot | no funding | — | — | $199K | 1x | Buy Binance Spot | |
| SHORT | 0.005882 | +0.0100 | get 0.0050% / 4h | 2h 03m | $1.7M | $2.1M | 50x | Short Binance |
Price gap−0.044%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.027% under its 7d average: −$3 if it goes back, about 22 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$19+0.0100% /8h now · paid +0.189% over the last 7D
Price−$3spread −0.044% now, avg −0.016% → −0.027% if it goes back
Costs−$1331.332% of $10k · taker + slippage, in and out
Result−$117−1.17%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
/8hGMT on 11 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size56.2 / 19.2 bpAt $10k entering Binance Spot costs 56.2 bp, fee and slippage, 2.9× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $200The spot leg is bought with the whole $10k; Binance runs at up to 50x. 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.
- Watch: Gap narrower than usual−0.044% vs −0.016%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.7M 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+0.0090%/8h × 21 periods+$18.89
Price spread−0.044% → −0.016% (7d avg)−$2.73
Slippage, 4 orderslive order books−$103.23
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$117.06
Costs to cover1.332%Break-even50.4 days
Slippage: Binance Spot: live order book, 38 min ago; Binance: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot8.5156.2 bp−$562323.0 bp−$23.2Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance0.8519.2 bp−$1977.5 bp−$775doesn’t fitdoesn’t fit
Closing costs about the same again.
GMT news
posts that mention GMT, from every exchange| 11-05 12:00 | QFEX | Other | London, see you during Digital Asset Summit 🇬🇧 Join QFEX for a private dinner with traders, founders and friends from across the industry. 📅 Nov 10, 7-10 PM GMT 📍 London · Venue shared with approved guests Food and drinks included Limited seats · Approval only @QFEX on X ↗ |
| 10-05 07:37 | ApeX Omni | Other | ApeX Insights: The Week Ahead The @federalreserve hiked in September based on numbers that no longer exist. Wednesday we find out what they were thinking. Thin week otherwise. 1⃣ Mon 5 Oct — 14:00 UTC — ISM Services August printed 55.4 with prices paid at 72.6, the highest since 2022, and the employment sub-index contracting at 47.8. Services is where the inflation actually is. 2⃣ Wed 7 Oct — 18:00 UTC — FOMC minutes, September meeting The committee hiked 12–0 and 16 of 18 dots showed another before year-end. Those minutes were written before July's payrolls turned negative. Read them as a record of a view that has already been overtaken, not a guide to October. 10-year auction at 17:01 the same afternoon. 3⃣ Thu 8 Oct — 12:30 UTC — Jobless claims Last week was 197K, the lowest since July. That sits awkwardly against a +29K payroll print, and one of the two is lying. Waller speaks from Istanbul at 08:30 UTC, before the US open. 30-year auction 17:01. 4⃣ Fri 9 Oct — 14:00 UTC — UMich preliminary, October Sentiment was 48.1 in September, a four-month low, with year-ahead inflation expectations stuck at 4.6%. What changed Friday. Payrolls +29K against ~90K expected. Unemployment up to 4.2%. July revised from +21K to −10K, August from +162K to +133K — 60,000 jobs gone. October's hike went from roughly 55% priced to 17% in a session. December still sits near 72%. Core PCE also cooled to 3.0% year-over-year, below the 3.4% the street expected. Save this. The minutes drop at 02:00 Thursday GMT+8 — set an alarm or set a stop. How to trade each outcome for bitcoin:native , below🧵 @OfficialApeXdex on X ↗ |
QFEX
ApeX Omni