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

SPELL

All SPELL markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotSPELLUSDT
0.00007165spotno funding——$142K1xBuy Binance Spot
SHORT
BinanceSPELLUSDT
0.00007160+0.0100get 0.0100% / 8h10m 14s$864K$1.0M50xShort Binance
Price gap−0.070%
Funding gap+0.0100% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$13+0.0100% /8h now · paid +0.133% over the last 7D
Price+$1spread −0.070% now, avg −0.078% → +0.008% if it goes back
Costs−$2492.490% of $10k · taker + slippage, in and out
Result−$235−2.35%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.070%
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

SPELL on 6 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size124.5 / 41.5 bp
    At $10k entering Binance Spot costs 124.5 bp, fee and slippage, 3.0× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The 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— / 8h
    The spot leg pays no funding; Binance settles every 8h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, +$3.00.
  • Note: Gap at its usual level−0.070% vs −0.078%
    The price leg adds little either way.
  • Watch: Short leg is thin$864K OI
    Binance sets your exit cost. Check its book before closing.
  • 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+0.0063%/8h × 21 periods+$13.31
Price spread−0.070% → −0.078% (7d avg)+$0.84
Slippage, 4 orderslive order books−$219.03
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$234.88
Costs to cover2.490%Break-even130.5 days
Slippage: Binance Spot: live order book, 34 min ago; Binance: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot14.12124.5 bp−$1254315.0 bp−$43.2Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance7.0141.5 bp−$41179.4 bp−$1,794doesn’t fitdoesn’t fit

Closing costs about the same again.

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