Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03895 | spot | no funding | — | — | $535K | 1x | Buy Binance Spot | |
| SHORT | 0.03892 | +0.0100 | get 0.0050% / 4h | 2h 04m | $2.7M | $3.5M | 25x | Short Binance |
Price gap−0.081%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.063% 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+$21+0.0100% /8h now · paid +0.212% over the last 7D
Price−$6spread −0.081% now, avg −0.018% → −0.063% if it goes back
Costs−$1621.616% of $10k · taker + slippage, in and out
Result−$147−1.47%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.081%
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
/8hOPN on 15 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size55.6 / 30.0 bpAt $10k entering Binance Spot costs 55.6 bp, fee and slippage, 1.9× 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−0.081% vs −0.018%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$2.7M 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+0.0101%/8h × 21 periods+$21.25
Price spread−0.081% → −0.018% (7d avg)−$6.32
Slippage, 4 orderslive order books−$131.63
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$146.70
Costs to cover1.616%Break-even55.3 days
Slippage: Binance Spot: live order book, 69 min ago; Binance: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot12.8755.6 bp−$563656.6 bp−$36.6Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance3.8630.0 bp−$30235.4 bp−$2,354doesn’t fitdoesn’t fit
Closing costs about the same again.
OPN news
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