Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.412 | L +0.0003S +0.0091 | 0.0000% / 1h | 36m 42s | $146K | — | 20x | Long Avantis | |
| SHORT | 14.458 | −0.0022 | pay 0.0003% / 1h | 36m 42s | $21K | $194K | 10x | Short Phoenix |
Price gap+0.323%60s
Funding gap−0.0025% /8h
The gap pays +$30 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 40 days. At the last 7 days' pace that is about 5.2 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$40−0.0025% /8h now · paid −0.401% over the last 7D
Price—spread +0.323%60s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both prices read together
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.323%
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
/8hLINK on 41 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$500 + $1,000Avantis 20x, Phoenix 10x. 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: −$0.74Long Avantis: 24 payments, −$0.08; short Phoenix: 24 payments, −$0.67.
- Watch: Prices read 60 s apart+0.323% vs +0.026%Part of this gap may be the market moving.
- Watch: Short leg is thinner$21K vs $146K OIPhoenix 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−0.0191%/8h × 21 periods−$40.07
Price spreadprices read too far apart to compare—
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−$56.07
price spread not counted: prices read too far apartCosts to cover0.160%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Phoenix: live order book, 30 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTPhoenix0.9712.3 bp−$1242.9 bp−$429224.4 bp−$22.4Kdoesn’t fit
Closing costs about the same again.
Avantis: no data.
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