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

NEWT

All NEWT markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotNEWTUSDT
0.03971spotno funding——$349K1xBuy Binance Spot
SHORT
BinanceNEWTUSDT
0.03965−0.0268pay 0.0134% / 4h10m 13s$895K$907K25xShort Binance
Price gap−0.139%
Funding gap−0.0268% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $8 a day and eats that in about 10 hours. At the last 7 days' pace that is about 3.5 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$7−0.0268% /8h now · paid −0.067% over the last 7D
Price+$3spread −0.139% now, avg −0.172% → +0.033% if it goes back
Costs−$1491.490% of $10k · taker + slippage, in and out
Result−$152−1.52%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.067% in total, about −0.0032%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.139%
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

NEWT on 6 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size34.1 / 37.6 bp
    At $10k entering Binance costs 37.6 bp, fee and slippage, 1.1× Binance Spot’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The 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— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$8.04Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$8.04.
  • OK: Entry gap works for you−0.139% vs −0.172%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$895K OI
    Binance sets your exit cost. Check its book before closing.
  • 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 earned−0.0032%/8h × 21 periods−$6.70
Price spread−0.139% → −0.172% (7d avg)+$3.34
Slippage, 4 orderslive order books−$119.00
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$152.37
Costs to cover1.490%Break-evennever at this rate
Slippage: Binance Spot: live order book, 18 min ago; Binance: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot6.3034.1 bp−$345688.2 bp−$56.9Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance5.0637.6 bp−$38363.0 bp−$3,630doesn’t fitdoesn’t fit

Closing costs about the same again.

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