Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.01546 | spot | no funding | — | — | $409K | 1x | Buy Binance Spot | |
| SHORT | 0.01543 | −0.0485 | pay 0.0242% / 4h | 3h 48m | $1.7M | $1.5M | 50x | Short Binance |
Price gap−0.196%
Funding gap−0.0485% /8h
Funding costs $15 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−$83−0.0485% /8h now · paid −0.829% over the last 7D
Price−$1spread −0.196% now, avg −0.187% → −0.009% if it goes back
Costs−$1431.429% of $10k · taker + slippage, in and out
Result−$227−2.27%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.196%
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
/8hSUN on 11 exchanges
lowest funding firstBefore you open
1 ok · 2 to watch- Watch: Thin at this size69.1 / 20.2 bpAt $10k entering Binance Spot costs 69.1 bp, fee and slippage, 3.4× 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: −$14.54Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$14.54.
- Note: Gap at its usual level−0.196% vs −0.187%The price leg adds little either way.
- Note: Spot has no open interest$1.7M 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−0.0395%/8h × 21 periods−$82.92
Price spread−0.196% → −0.187% (7d avg)−$0.91
Slippage, 4 orderslive order books−$112.87
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$226.70
Costs to cover1.429%Break-evennever at this rate
Slippage: Binance Spot: live order book, 10 min ago; Binance: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot6.4969.1 bp−$69125.7 bp−$1,257doesn’t fitdoesn’t fit
SELL · SHORTBinance0.3220.2 bp−$20121.6 bp−$1,216doesn’t fitdoesn’t fit
Closing costs about the same again.
