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

HEI

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotHEIUSDT
0.08920spotno funding——$316K1xBuy Binance Spot
SHORT
BinanceHEIUSDT
0.08926+0.0100get 0.0050% / 4h2h 03m$1.8M$1.9M10xShort Binance
Price gap+0.070%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.067% above its 7d average: +$7 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$17+0.0100% /8h now · paid +0.168% over the last 7D
Price+$7spread +0.070% now, avg +0.002% → +0.067% if it goes back
Costs−$2312.314% of $10k · taker + slippage, in and out
Result−$208−2.08%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.070%
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

HEI on 9 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size91.4 / 42.8 bp
    At $10k entering Binance Spot costs 91.4 bp, fee and slippage, 2.1× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $1,000
    The spot leg is bought with the whole $10k; Binance runs at up to 10x. 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+0.070% vs +0.002%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.8M 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+0.0080%/8h × 21 periods+$16.77
Price spread+0.070% → +0.002% (7d avg)+$6.73
Slippage, 4 orderslive order books−$201.36
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$207.86
Costs to cover2.314%Break-even93.8 days
Slippage: Binance Spot: live order book, 54 min ago; Binance: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot5.5991.4 bp−$912555.1 bp−$25.6Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.8042.8 bp−$43353.3 bp−$3,533doesn’t fitdoesn’t fit

Closing costs about the same again.

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