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

TUT

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotTUTUSDT
0.01620spotno funding——$732K1xBuy Binance Spot
SHORT
BinanceTUTUSDT
0.01620−0.0053pay 0.0027% / 4h3h 39m$3.3M$2.7M10xShort Binance
Price gap0.000%
Funding gap−0.0053% /8h

Funding costs $2 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 forecast
Funding+$20−0.0053% /8h now · paid +0.197% over the last 7D
Price+$1spread 0.000% now, avg −0.006% → +0.006% if it goes back
Costs−$1121.121% of $10k · taker + slippage, in and out
Result−$92−0.92%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now0.000%
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

TUT on 11 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size40.7 / 23.0 bp
    At $10k entering Binance Spot costs 40.7 bp, fee and slippage, 1.8× 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: −$1.60Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$1.60.
  • Note: Gap at its usual level0.000% vs −0.006%
    The price leg adds little either way.
  • Note: Spot has no open interest$3.3M 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+0.0094%/8h × 21 periods+$19.74
Price spread0.000% → −0.006% (7d avg)+$0.61
Slippage, 4 orderslive order books−$82.13
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$91.77
Costs to cover1.121%Break-even39.5 days
Slippage: Binance Spot: live order book, 20 min ago; Binance: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot9.3740.7 bp−$41982.6 bp−$9,826doesn’t fitdoesn’t fit
SELL · SHORTBinance6.2323.0 bp−$23168.0 bp−$1,680doesn’t fitdoesn’t fit

Closing costs about the same again.

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