Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.05455 | spot | no funding | — | — | $116K | 1x | Buy Binance Spot | |
| SHORT | 0.05435 | +0.0031 | get 0.0016% / 4h | 2h 03m | $1.5M | $1.0M | 50x | Short Binance |
Price gap−0.367%
Funding gap+0.0031% /8h
Funding pays +$1 a day on $10k, but the gap is 0.215% under its 7d average: −$21 if it goes back, about 23 days of funding. At the last 7 days' pace that is about 8.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0031% /8h now · paid +0.172% over the last 7D
Price−$21spread −0.367% now, avg −0.152% → −0.215% if it goes back
Costs−$1571.566% of $10k · taker + slippage, in and out
Result−$161−1.61%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.367%
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
/8hHOLO on 10 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size50.1 / 26.3 bpAt $10k entering Binance Spot costs 50.1 bp, fee and slippage, 1.9× 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: +$0.94Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$0.94.
- Watch: Gap narrower than usual−0.367% vs −0.152%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.5M 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+0.0082%/8h × 21 periods+$17.23
Price spread−0.367% → −0.152% (7d avg)−$21.50
Slippage, 4 orderslive order books−$126.57
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$160.84
Costs to cover1.566%Break-even72.4 days
Slippage: Binance Spot: live order book, 37 min ago; Binance: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot9.1250.1 bp−$501516.3 bp−$15.2Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance0.9226.3 bp−$2692.9 bp−$929doesn’t fitdoesn’t fit
Closing costs about the same again.
