Settings8H · net · $10k
My profile
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.02722spotno funding——$356K1xBuy Binance Spot
SHORT0.02718+0.0070get 0.0035% / 4h2h 03m$2.9M$5.0M75xShort Binance
Price gap−0.129%
Funding gap+0.0070% /8h

Both sides work: funding pays +$2 a day on $10k, and the gap is 0.047% above its 7d average: +$5 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$9+0.0070% /8h now · paid +0.091% over the last 7D
Price+$5spread −0.129% now, avg −0.175% → +0.047% if it goes back
Costs−$1271.272% of $10k · taker + slippage, in and out
Result−$113−1.13%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.129%
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

WAL on 13 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size49.4 / 15.7 bp
    At $10k entering Binance Spot costs 49.4 bp, fee and slippage, 3.2× 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: +$2.09Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$2.09.
  • OK: Entry gap works for you−0.129% vs −0.175%
    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+0.0043%/8h × 21 periods+$9.10
Price spread−0.129% → −0.175% (7d avg)+$4.66
Slippage, 4 orderslive order books−$97.16
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$113.40
Costs to cover1.272%Break-even94.2 days
Slippage: Binance Spot: live order book, 54 min ago; Binance: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot1.8449.4 bp−$49433.5 bp−$4,335doesn’t fitdoesn’t fit
SELL · SHORTBinance3.6715.7 bp−$1651.6 bp−$516doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

WAL news

posts that mention WAL, from every exchange
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