Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03535 | spot | no funding | — | — | $850K | 1x | Buy Binance Spot | |
| SHORT | 0.03536 | +0.0100 | get 0.0050% / 4h | 3h 44m | $3.2M | $5.5M | 50x | Short Binance |
Price gap+0.021%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.221% above its 7d average: +$22 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5+0.0100% /8h now · paid +0.047% over the last 7D
Price+$22spread +0.021% now, avg −0.200% → +0.221% if it goes back
Costs−$1741.739% 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+0.021%
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
/8hPHA on 10 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size51.5 / 37.1 bpAt $10k entering Binance Spot costs 51.5 bp, fee and slippage, 1.4× 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: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
- OK: Entry gap works for you+0.021% vs −0.200%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$3.2M 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+0.0022%/8h × 21 periods+$4.67
Price spread+0.021% → −0.200% (7d avg)+$22.06
Slippage, 4 orderslive order books−$143.85
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$147.12
Costs to cover1.739%Break-even227.3 days
Slippage: Binance Spot: live order book, 15 min ago; Binance: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot14.3951.5 bp−$51867.5 bp−$8,675doesn’t fitdoesn’t fit
SELL · SHORTBinance1.4337.1 bp−$37181.9 bp−$1,819doesn’t fitdoesn’t fit
Closing costs about the same again.
PHA news
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