Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 49.545 | +0.0165 | pay 0.0021% / 1h | 13m 58s | $193K | $64K | 10x | Long Entropy | |
| SHORT | 49.350 | 0 | 0.0000% / 4h | 3h 13m | $6.6M | $1.9M | 25x | Short Binance |
Price gap−0.394%54s
Funding gap−0.0165% /8h
Both sides work against this direction now: funding costs $5 a day on $10k and the gap is 0.333% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11−0.0165% /8h now · paid −0.111% over the last 7D
Price—spread −0.394%54s now · prices read too far apart to compare
Costs−$880.884% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.394%
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
/8hTENCENT on 11 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size42.1 / 5.0 bpAt $10k entering Entropy costs 42.1 bp, fee and slippage, 8.4× Binance’s.
- Note: Margin at max leverage$1,000 + $400Entropy 10x, Binance 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$4.94Long Entropy: 24 payments, −$4.94; short Binance: 6 payments, $0.00.
- Watch: Prices read 54 s apart−0.394% vs −0.061%Part of this gap may be the market moving.
- Watch: Long leg is thinner$193K vs $6.6M OIEntropy sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCEntropy No · Binance YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0053%/8h × 21 periods−$11.13
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$78.58
Fee Entropy bp × 2 orders−$1.80
Fee Binance bp × 2 orders−$8.00
Net · 7 days · $10k−$99.52
price spread not counted: prices read too far apartCosts to cover0.884%Break-evennever at this rate
Slippage: Entropy: live order book, 10 min ago; Binance: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy8.0742.1 bp−$42doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance1.015.0 bp−$527.5 bp−$275doesn’t fitdoesn’t fit
Closing costs about the same again.
BingX