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

VIRTUAL

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotVIRTUALUSDT
0.5572spotno funding——$2.9M1xBuy Binance Spot
SHORT
BinanceVIRTUALUSDT
0.5576+0.0096get 0.0048% / 4h3h 48m$10.9M$16.1M75xShort Binance
Price gap+0.069%
Funding gap+0.0096% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.135% above its 7d average: +$13 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$13+0.0096% /8h now · paid +0.131% over the last 7D
Price+$13spread +0.069% now, avg −0.066% → +0.135% if it goes back
Costs−$620.616% of $10k · taker + slippage, in and out
Result−$35−0.35%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.069%
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

VIRTUAL on 33 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size16.8 / 10.3 bp
    At $10k entering Binance Spot costs 16.8 bp, fee and slippage, 1.6× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. 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: +$2.88Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$2.88.
  • OK: Entry gap works for you+0.069% vs −0.066%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$10.9M 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+0.0063%/8h × 21 periods+$13.13
Price spread+0.069% → −0.066% (7d avg)+$13.49
Slippage, 4 orderslive order books−$31.64
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$35.02
Costs to cover0.616%Break-even25.7 days
Slippage: Binance Spot: live order book, 12 min ago; Binance: live order book, 10 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot1.8016.8 bp−$1755.4 bp−$554doesn’t fitdoesn’t fit
SELL · SHORTBinance0.9010.3 bp−$1029.2 bp−$292206.8 bp−$20.7Kdoesn’t fit

Closing costs about the same again.

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