Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.009310spotno funding——$142K1xBuy Binance Spot
SHORT0.009322−0.0066pay 0.0033% / 4h3h 43m$1.5M$795K25xShort Binance
Price gap+0.129%
Funding gap−0.0066% /8h

The gap pays +$14 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 6.9 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$20−0.0066% /8h now · paid +0.200% over the last 7D
Price+$14spread +0.129% now, avg −0.009% → +0.137% if it goes back
Costs−$2562.564% of $10k · taker + slippage, in and out
Result−$223−2.23%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.129%
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

SIGN on 12 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size107.1 / 29.2 bp
    At $10k entering Binance Spot costs 107.1 bp, fee and slippage, 3.7× 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: −$1.98Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$1.98.
  • OK: Entry gap works for you+0.129% vs −0.009%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.5M 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+0.0095%/8h × 21 periods+$20.03
Price spread+0.129% → −0.009% (7d avg)+$13.75
Slippage, 4 orderslive order books−$226.37
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$222.60
Costs to cover2.564%Break-even84.8 days
Slippage: Binance Spot: live order book, 46 min ago; Binance: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot5.36107.1 bp−$1073079.5 bp−$30.8Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.1629.2 bp−$29119.1 bp−$1,191doesn’t fitdoesn’t fit

Closing costs about the same again.

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