Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6677 | +0.0100 | pay 0.0050% / 4h | 57m 46s | $1.3M | $565K | 50x | Long Variational Omni+15% pts | |
| SHORT | 0.6709 | L +0.0092S +0.0185 | pay 0.0023% / 1h | 57m 46s | $169K | — | 10x | Short Avantis |
Price gap+0.486%
Funding gap−0.0285% /8h
The gap pays +$41 on $10k if it goes back to its 7d average, but funding costs $9 a day and eats that in about 4.8 days. At the last 7 days' pace that is about 16 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$18−0.0285% /8h now · paid −0.176% over the last 7D
Price+$41spread +0.486% now, avg +0.074% → +0.411% if it goes back
Costsno datano order book for Avantis
Result, before costs+$24+0.24%+ Points / potential airdropVariational Omni: points · Avantis: Season 3 · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.176% in total, about −0.0084%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.486%
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
/8hAERO on 24 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$200 + $1,000Variational Omni 50x, Avantis 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$8.56Long Variational Omni: 6 payments, −$3.00; short Avantis: 24 payments, −$5.56.
- OK: Entry gap works for you+0.486% vs +0.074%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$169K vs $1.3M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni points · Avantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legVariational Omni No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0084%/8h × 21 periods−$17.61
Price spread+0.486% → +0.074% (7d avg)+$41.13
Slippage, 4 ordersno data for Avantis—
Fee Variational Omni bp × 2 orders$0.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$14.52
Costs to cover0.090%Break-evenfrom the start
Slippage: Variational Omni: RFQ quote, 1 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni4.4923.2 bp−$2340.4 bp−$404doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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