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

PIXEL

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotPIXELUSDT
0.004005spotno funding——$235K1xBuy Binance Spot
SHORT
BinancePIXELUSDT
0.004003−0.0596pay 0.0298% / 4h2h 03m$1.3M$9.6M25xShort Binance
Price gap−0.046%
Funding gap−0.0596% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 5 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$8−0.0596% /8h now · paid +0.078% over the last 7D
Price+$4spread −0.046% now, avg −0.081% → +0.035% if it goes back
Costs−$1481.482% of $10k · taker + slippage, in and out
Result−$137−1.37%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.078% in total, about +0.0037%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.046%
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

PIXEL on 11 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size56.3 / 22.2 bp
    At $10k entering Binance Spot costs 56.3 bp, fee and slippage, 2.5× Binance’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: −$17.89Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$17.89.
  • OK: Entry gap works for you−0.046% vs −0.081%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.3M 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 earned+0.0037%/8h × 21 periods+$7.75
Price spread−0.046% → −0.081% (7d avg)+$3.55
Slippage, 4 orderslive order books−$118.21
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$136.91
Costs to cover1.482%Break-even130.6 days
Slippage: Binance Spot: live order book, 53 min ago; Binance: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot25.0056.3 bp−$563191.2 bp−$31.9Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.4922.2 bp−$22108.8 bp−$1,088doesn’t fitdoesn’t fit

Closing costs about the same again.

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