Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04237 | spot | no funding | — | — | $149K | 1x | Buy Binance Spot | |
| SHORT | 0.04236 | +0.0004 | get 0.0002% / 4h | 2h 00m | $1.5M | $1.5M | 50x | Short Binance |
Price gap−0.026%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$16+0.0004% /8h now · paid +0.162% over the last 7D
Price+$6spread −0.026% now, avg −0.090% → +0.064% if it goes back
Costs−$1341.337% of $10k · taker + slippage, in and out
Result−$111−1.11%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.026%
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
/8hONT on 13 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size47.9 / 22.7 bpAt $10k entering Binance Spot costs 47.9 bp, fee and slippage, 2.1× 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: +$0.11Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$0.11.
- OK: Entry gap works for you−0.026% vs −0.090%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$1.5M 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+0.0077%/8h × 21 periods+$16.19
Price spread−0.026% → −0.090% (7d avg)+$6.41
Slippage, 4 orderslive order books−$103.75
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$111.15
Costs to cover1.337%Break-even55.0 days
Slippage: Binance Spot: live order book, 41 min ago; Binance: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot4.7147.9 bp−$483943.5 bp−$39.4Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance3.5422.7 bp−$2384.6 bp−$846doesn’t fitdoesn’t fit
Closing costs about the same again.