Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

TZA

RWAAll TZA markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BinanceTZAUSDT
46.24100.0000% / 8h3h 03m$971K$289K25xLong Binance
SHORT
BingXNCSKTZA2USD-USDT
46.240−0.0050pay 0.0050% / 8h3h 03m$989K$1.2M—Short BingX
Price gap−0.002%
Funding gap−0.0050% /8h

Funding costs $2 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$10−0.0050% /8h now · paid −0.095% over the last 7D
Price$0spread −0.002% now, avg −0.006% → +0.004% if it goes back
Costs−$1751.750% of $10k · taker + slippage, in and out
Result−$184−1.84%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.002%
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

TZA on 9 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size49.9 / 50.1 bp
    At $10k entering BingX costs 50.1 bp, fee and slippage, 1.0× Binance’s.
  • Note: Margin at max leverage$400 + —
    Binance 25x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$1.50Long Binance: 3 payments, $0.00; short BingX: 3 payments, −$1.50.
  • Note: Gap at its usual level−0.002% vs −0.006%
    The price leg adds little either way.
  • Watch: Long leg is thinner$971K vs $989K OI
    Binance sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Yes · BingX Yes
    Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0045%/8h × 21 periods−$9.50
Price spread−0.002% → −0.006% (7d avg)+$0.43
Slippage, 4 orderslive order books−$156.97
Fee Binance bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$184.03
Costs to cover1.750%Break-evennever at this rate
Slippage: Binance: live order book, 38 min ago; BingX: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance6.3649.9 bp−$50177.2 bp−$1,772doesn’t fitdoesn’t fit
SELL · SHORTBingX16.1850.1 bp−$5088.7 bp−$887261.9 bp−$26.2K873.5 bp−$436.8K

Closing costs about the same again.

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