Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 84,077.3 | L +0.0064S −0.0066 | pay 0.0008% / 1h | 58m 23s | $8.2M | — | 50x | Long Avantis | |
| SHORT | 84,093.1 | −0.0056 | pay 0.0007% / 1h | 58m 23s | $512K | $10.0M | 30x | Short Hibachi |
Price gap+0.019%
Funding gap−0.0120% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.022% 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+$10−0.0120% /8h now · paid +0.098% over the last 7D
Price−$2spread +0.019% now, avg +0.041% → −0.022% if it goes back
Costsno datano order book for Avantis
Result, before costs+$8+0.08%+ Points / potential airdropAvantis: Season 3 · Hibachi: points · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.019%
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
/8hBTC on 56 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 + $333Avantis 50x, Hibachi 30x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$3.60Long Avantis: 24 payments, −$1.92; short Hibachi: 24 payments, −$1.68.
- Watch: Gap narrower than usual+0.019% vs +0.041%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$512K vs $8.2M OIHibachi sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3 · Hibachi pointsVolume here counts toward the points program.
- OK: No KYC on either legAvantis No · Hibachi NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0046%/8h × 21 periods+$9.76
Price spread+0.019% → +0.041% (7d avg)−$2.21
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Hibachi bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$10.45
Costs to cover0.180%Break-even14.5 days
Slippage: Avantis: no order-book sample; Hibachi: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTHibachi0.015.3 bp−$55.8 bp−$5848.7 bp−$4,872doesn’t fit
Closing costs about the same again.
Avantis: no data.
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