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

ME

All ME markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotMEUSDT
0.04613spotno funding——$170K1xBuy Binance Spot
SHORT
BinanceMEUSDT
0.04603−0.0395pay 0.0197% / 4h2h 03m$1.7M$2.2M50xShort Binance
Price gap−0.216%
Funding gap−0.0395% /8h

Both sides work against this pair now: funding costs $12 a day on $10k and the gap is 0.053% under its 7d average. Spot cannot be shorted here, so there is no reverse.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding$0−0.0395% /8h now · paid 0.000% over the last 7D
Price−$5spread −0.216% now, avg −0.164% → −0.053% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$5−0.05%no pointscosts unknown: book too thin at $10k ·

The current funding rate is far below what this pair has been paying: over the last 7 days it paid 0.000% in total, about 0.0000%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.216%
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

ME on 12 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size129.2 / 20.2 bp
    At $10k entering Binance Spot costs 129.2 bp, fee and slippage, 6.4× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The 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— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$11.85Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$11.85.
  • Watch: Gap narrower than usual−0.216% vs −0.164%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$1.7M 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 earned0.0000%/8h × 21 periods+$0.02
Price spread−0.216% → −0.164% (7d avg)−$5.25
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10k
Costs to cover—Break-even—
Slippage: Binance Spot: live order book, 38 min ago; Binance: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot7.53129.2 bp−$12910076.7 bp−$100.8Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.1720.2 bp−$2083.2 bp−$832doesn’t fitdoesn’t fit

Closing costs about the same again.

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