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

WAXP

All WAXP markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotWAXPUSDT
0.003875spotno funding——$138K1xBuy Binance Spot
SHORT
BinanceWAXPUSDT
0.003879+0.0100get 0.0050% / 4h7m 54s$751K$772K25xShort Binance
Price gap+0.103%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.106% above its 7d average: +$11 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$20+0.0100% /8h now · paid +0.198% over the last 7D
Price+$11spread +0.103% now, avg −0.003% → +0.106% if it goes back
Costs−$2362.362% of $10k · taker + slippage, in and out
Result−$206−2.06%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.103%
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

WAXP on 7 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size73.2 / 27.2 bp
    At $10k entering Binance Spot costs 73.2 bp, fee and slippage, 2.7× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $400
    The spot leg is bought with the whole $10k; Binance runs at up to 25x. 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.
  • OK: Entry gap works for you+0.103% vs −0.003%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$751K OI
    Binance sets your exit cost. Check its book before closing.
  • 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+$19.76
Price spread+0.103% → −0.003% (7d avg)+$10.65
Slippage, 4 orderslive order books−$206.22
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$205.82
Costs to cover2.362%Break-even79.9 days
Slippage: Binance Spot: live order book, 51 min ago; Binance: live order book, 45 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot13.1173.2 bp−$736256.8 bp−$62.6Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance1.3127.2 bp−$27192.6 bp−$1,926doesn’t fitdoesn’t fit

Closing costs about the same again.

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