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

TURTLE

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotTURTLEUSDT
0.03595spotno funding——$169K1xBuy Binance Spot
SHORT
BinanceTURTLEUSDT
0.03589+0.0100get 0.0050% / 4h2h 03m$1.3M$850K10xShort Binance
Price gap−0.167%
Funding gap+0.0100% /8h

Funding pays +$3 a day on $10k, but the gap is 0.175% under its 7d average: −$17 if it goes back, about 5.8 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$15+0.0100% /8h now · paid +0.146% over the last 7D
Price−$17spread −0.167% now, avg +0.008% → −0.175% if it goes back
Costs−$1781.781% of $10k · taker + slippage, in and out
Result−$181−1.81%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.167%
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

TURTLE on 9 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size49.2 / 38.1 bp
    At $10k entering Binance Spot costs 49.2 bp, fee and slippage, 1.3× 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.
  • Watch: Gap narrower than usual−0.167% vs +0.008%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$1.3M 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+0.0069%/8h × 21 periods+$14.58
Price spread−0.167% → +0.008% (7d avg)−$17.46
Slippage, 4 orderslive order books−$148.06
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$180.94
Costs to cover1.781%Break-even93.9 days
Slippage: Binance Spot: live order book, 53 min ago; Binance: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot13.9149.2 bp−$492146.0 bp−$21.5Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance2.7938.1 bp−$38368.5 bp−$3,685doesn’t fitdoesn’t fit

Closing costs about the same again.

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