Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.02775 | spot | no funding | — | — | $270K | 1x | Buy Binance Spot | |
| SHORT | 0.02771 | +0.0100 | get 0.0050% / 4h | 2h 00m | $1.8M | $2.1M | 50x | Short Binance |
Price gap−0.141%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.064% under its 7d average: −$6 if it goes back, about 2.1 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0100% /8h now · paid +0.168% over the last 7D
Price−$6spread −0.141% now, avg −0.077% → −0.064% if it goes back
Costs−$1801.800% of $10k · taker + slippage, in and out
Result−$170−1.70%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.141%
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
/8hID on 10 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size58.1 / 20.9 bpAt $10k entering Binance Spot costs 58.1 bp, fee and slippage, 2.8× 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−0.141% vs −0.077%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.8M 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+0.0080%/8h × 21 periods+$16.76
Price spread−0.141% → −0.077% (7d avg)−$6.38
Slippage, 4 orderslive order books−$150.00
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$169.62
Costs to cover1.800%Break-even77.8 days
Slippage: Binance Spot: live order book, 42 min ago; Binance: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot17.9558.1 bp−$58847.0 bp−$8,470doesn’t fitdoesn’t fit
SELL · SHORTBinance1.8020.9 bp−$2165.2 bp−$652doesn’t fitdoesn’t fit
Closing costs about the same again.
