Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 5.0110 | spot | no funding | — | — | $1.9M | 1x | Buy Binance Spot | |
| SHORT | 5.0108 | +0.0100 | get 0.0100% / 8h | 7h 44m | $4.6M | $8.3M | 75x | Short Binance |
Price gap−0.003%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.025% above its 7d average: +$2 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$19+0.0100% /8h now · paid +0.189% over the last 7D
Price+$2spread −0.003% now, avg −0.028% → +0.025% if it goes back
Costs−$810.808% of $10k · taker + slippage, in and out
Result−$59−0.59%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.003%
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
/8hZEN on 17 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size27.4 / 14.3 bpAt $10k entering Binance Spot costs 27.4 bp, fee and slippage, 1.9× Binance’s.
- Note: Spot in full, margin on the short$10,000 + $133The 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— / 8hThe spot leg pays no funding; Binance settles every 8h.Next 24h at the current rates, on $10k a leg: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 3 payments, +$3.00.
- OK: Entry gap works for you−0.003% vs −0.028%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$4.6M OIOnly 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 YesVerified KYC to deposit or trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0090%/8h × 21 periods+$18.91
Price spread−0.003% → −0.028% (7d avg)+$2.47
Slippage, 4 orderslive order books−$50.81
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$59.42
Costs to cover0.808%Break-even29.0 days
Slippage: Binance Spot: live order book, 1 min ago; Binance: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance Spot1.9927.4 bp−$27342.2 bp−$3,422doesn’t fitdoesn’t fit
SELL · SHORTBinance3.0314.3 bp−$1450.2 bp−$502292.5 bp−$29.2Kdoesn’t fit
Closing costs about the same again.
TxFlow