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

TST

All TST markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotTSTUSDT
0.01266spotno funding——$5.5M1xBuy Binance Spot
SHORT
BinanceTSTUSDT
0.01269−0.6986pay 0.3493% / 4h8m 06s$2.9M$31.5M20xShort Binance
Price gap+0.197%
Funding gap−0.6986% /8h

The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $210 a day and eats that in about under an hour.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$42−0.6986% /8h now · paid +0.417% over the last 7D
Price+$8spread +0.197% now, avg +0.122% → +0.075% if it goes back
Costs−$1911.914% of $10k · taker + slippage, in and out
Result−$142−1.42%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.417% in total, about +0.0199%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.197%
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

TST on 7 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size38.3 / 26.4 bp
    At $10k entering Binance Spot costs 38.3 bp, fee and slippage, 1.5× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; Binance runs at up to 20x. 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: −$209.59Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$209.59.
  • OK: Entry gap works for you+0.197% vs +0.122%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$2.9M 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+0.0199%/8h × 21 periods+$41.71
Price spread+0.197% → +0.122% (7d avg)+$7.53
Slippage, 4 orderslive order books−$161.44
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$142.20
Costs to cover1.914%Break-even30.9 days
Slippage: Binance Spot: live order book, 11 min ago; Binance: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot11.7038.3 bp−$38953.2 bp−$9,532doesn’t fitdoesn’t fit
SELL · SHORTBinance7.8726.4 bp−$26113.9 bp−$1,139doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert