Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.003545 | spot | no funding | — | — | $536K | 1x | Buy Binance Spot | |
| SHORT | 0.003537 | +0.0100 | get 0.0050% / 4h | 2h 03m | $1.9M | $2.6M | 25x | Short Binance |
Price gap−0.226%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.211% under its 7d average: −$21 if it goes back, about 7.0 days of funding. At the last 7 days' pace that is about 14 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.0100% /8h now · paid +0.102% over the last 7D
Price−$21spread −0.226% now, avg −0.015% → −0.211% if it goes back
Costs−$1291.286% of $10k · taker + slippage, in and out
Result−$140−1.40%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.226%
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
/8hKAT on 13 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size29.7 / 24.8 bpAt $10k entering Binance Spot costs 29.7 bp, fee and slippage, 1.2× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $400The spot leg is bought with the whole $10k; Binance runs at up to 25x. 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−0.226% vs −0.015%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.9M 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+0.0049%/8h × 21 periods+$10.22
Price spread−0.226% → −0.015% (7d avg)−$21.09
Slippage, 4 orderslive order books−$98.64
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$139.50
Costs to cover1.286%Break-even102.5 days
Slippage: Binance Spot: live order book, 55 min ago; Binance: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot14.0629.7 bp−$30937.7 bp−$9,377doesn’t fitdoesn’t fit
SELL · SHORTBinance4.2424.8 bp−$25194.5 bp−$1,945doesn’t fitdoesn’t fit
Closing costs about the same again.
KAT news
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