Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.001079spotno funding——$166K1xBuy Binance Spot
SHORT0.001079+0.0100get 0.0050% / 4h0m 28s$1.1M$1.3M10xShort Binance
Price gap−0.045%
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+$17+0.0100% /8h now · paid +0.171% over the last 7D
Price+$1spread −0.045% now, avg −0.053% → +0.008% if it goes back
Costs−$2512.505% of $10k · taker + slippage, in and out
Result−$233−2.33%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.045%
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

TLM on 9 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size103.9 / 40.2 bp
    At $10k entering Binance Spot costs 103.9 bp, fee and slippage, 2.6× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $1,000
    The spot leg is bought with the whole $10k; Binance runs at up to 10x. 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: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
  • Note: Gap at its usual level−0.045% vs −0.053%
    The price leg adds little either way.
  • Note: Spot has no open interest$1.1M 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+0.0081%/8h × 21 periods+$17.09
Price spread−0.045% → −0.053% (7d avg)+$0.77
Slippage, 4 orderslive order books−$220.53
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$232.67
Costs to cover2.505%Break-even102.3 days
Slippage: Binance Spot: live order book, 41 min ago; Binance: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot4.63103.9 bp−$1043930.2 bp−$39.3Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance4.6340.2 bp−$40318.0 bp−$3,180doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

TLM news

posts that mention TLM, from every exchange
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