Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.4795 | spot | no funding | — | — | $3.5M | 1x | Buy Binance Spot | |
| SHORT | 2.4771 | +0.0100 | get 0.0100% / 8h | 7h 46m | $20.0M | $20.3M | 75x | Short Binance |
Price gap−0.099%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.067% under its 7d average: −$7 if it goes back, about 2.2 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$20+0.0100% /8h now · paid +0.197% over the last 7D
Price−$7spread −0.099% now, avg −0.032% → −0.067% if it goes back
Costs−$550.549% of $10k · taker + slippage, in and out
Result−$42−0.42%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.099%
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
/8hICP on 28 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size16.7 / 10.8 bpAt $10k entering Binance Spot costs 16.7 bp, fee and slippage, 1.5× 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: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.099% vs −0.032%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$20.0M 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+0.0094%/8h × 21 periods+$19.65
Price spread−0.099% → −0.032% (7d avg)−$6.71
Slippage, 4 orderslive order books−$24.92
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$41.98
Costs to cover0.549%Break-even22.0 days
Slippage: Binance Spot: live order book, 14 min ago; Binance: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot2.0416.7 bp−$17325.0 bp−$3,250doesn’t fitdoesn’t fit
SELL · SHORTBinance2.0310.8 bp−$1124.3 bp−$243171.3 bp−$17.1Kdoesn’t fit
Closing costs about the same again.
Orderly