Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03769 | spot | no funding | — | — | $2.1M | 1x | Buy Binance Spot | |
| SHORT | 0.03764 | −0.0021 | pay 0.0011% / 4h | 3h 44m | $4.7M | $8.9M | 75x | Short Binance |
Price gap−0.146%
Funding gap−0.0021% /8h
Funding costs $1 a day on $10k at the current rate: the perp's short pays now. A spot + perp pair earns only while the short is paid.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$22−0.0021% /8h now · paid −0.215% over the last 7D
Price$0spread −0.146% now, avg −0.150% → +0.004% if it goes back
Costs−$910.908% of $10k · taker + slippage, in and out
Result−$112−1.12%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.146%
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
/8hS on 22 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Watch: Thin at this size35.6 / 18.2 bpAt $10k entering Binance Spot costs 35.6 bp, fee and slippage, 2.0× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $133The spot leg is bought with the whole $10k; Binance runs at up to 75x. 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: −$0.64Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$0.64.
- Note: Gap at its usual level−0.146% vs −0.150%The price leg adds little either way.
- Note: Spot has no open interest$4.7M 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−0.0102%/8h × 21 periods−$21.52
Price spread−0.146% → −0.150% (7d avg)+$0.41
Slippage, 4 orderslive order books−$60.80
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$111.91
Costs to cover0.908%Break-evennever at this rate
Slippage: Binance Spot: live order book, 1 min ago; Binance: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot7.9635.6 bp−$36525.3 bp−$5,253doesn’t fitdoesn’t fit
SELL · SHORTBinance1.3418.2 bp−$1843.3 bp−$433doesn’t fitdoesn’t fit
Closing costs about the same again.
S news
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