Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.01921 | spot | no funding | — | — | $465K | 1x | Buy Binance Spot | |
| SHORT | 0.01918 | −0.0076 | pay 0.0076% / 8h | 7h 39m | $2.5M | $4.0M | 75x | Short Binance |
Price gap−0.153%
Funding gap−0.0076% /8h
Funding costs $2 a day on $10k at the current rate: the perp's short pays now. A spot + perp pair earns only while the short is paid.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$17−0.0076% /8h now · paid −0.174% over the last 7D
Price$0spread −0.153% now, avg −0.157% → +0.005% if it goes back
Costs−$1001.001% 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−0.153%
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
/8hGRT on 13 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Watch: Thin at this size32.1 / 17.6 bpAt $10k entering Binance Spot costs 32.1 bp, fee and slippage, 1.8× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $133The spot leg is bought with the whole $10k; Binance runs at up to 75x. 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— / 8hThe spot leg pays no funding; Binance settles every 8h.Next 24h at the current rates, on $10k a leg: −$2.27Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, −$2.27.
- Note: Gap at its usual level−0.153% vs −0.157%The price leg adds little either way.
- Note: Spot has no open interest$2.5M 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−0.0083%/8h × 21 periods−$17.38
Price spread−0.153% → −0.157% (7d avg)+$0.46
Slippage, 4 orderslive order books−$70.13
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$117.05
Costs to cover1.001%Break-evennever at this rate
Slippage: Binance Spot: live order book, 19 min ago; Binance: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot10.5532.1 bp−$322833.2 bp−$28.3Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.6117.6 bp−$1853.7 bp−$537doesn’t fitdoesn’t fit
Closing costs about the same again.
