Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2,316.8 | L +0.0080S −0.0080 | pay 0.0010% / 1h | 53m 05s | $397K | — | 50x | Long Avantis | |
| SHORT | 2,319.8 | +0.0144 | get 0.0018% / 1h | 53m 05s | $1.6M | $1.5M | 25x | Short Phoenix |
Price gap+0.129%
Funding gap+0.0064% /8h
Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$12+0.0064% /8h now · paid −0.117% over the last 7D
Price+$1spread +0.129% now, avg +0.121% → +0.008% if it goes back
Costsno datano order book for Avantis
Result, before costs−$11−0.11%+ Points / potential airdropAvantis: Season 3 · 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+0.129%
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
/8hETH on 56 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$200 + $400Avantis 50x, Phoenix 25x. 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: +$1.93Long Avantis: 24 payments, −$2.40; short Phoenix: 24 payments, +$4.33.
- Note: Gap at its usual level+0.129% vs +0.121%The price leg adds little either way.
- Watch: Long leg is thinner$397K vs $1.6M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legAvantis No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0056%/8h × 21 periods−$11.74
Price spread+0.129% → +0.121% (7d avg)+$0.79
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$26.94
Costs to cover0.160%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Phoenix: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTPhoenix0.224.0 bp−$410.0 bp−$10020.1 bp−$2,013doesn’t fit
Closing costs about the same again.
Avantis: no data.
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