Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.507 | L +0.0146S −0.0060 | pay 0.0018% / 1h | 45m 37s | $217K | — | 20x | Long Avantis | |
| SHORT | 14.497 | −0.0076 | pay 0.0076% / 8h | 1h 45m | $3.2M | $1.0M | 50x | Short Variational Omni+15% pts |
Price gap−0.065%
Funding gap−0.0222% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.072% 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−$21−0.0222% /8h now · paid −0.211% over the last 7D
Price−$7spread −0.065% now, avg +0.007% → −0.072% if it goes back
Costsno datano order book for Avantis
Result, before costs−$28−0.28%+ Points / potential airdropAvantis: Season 3 · Variational Omni: points · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.065%
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
2 ok · 3 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$500 + $200Avantis 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.66Long Avantis: 24 payments, −$4.37; short Variational Omni: 3 payments, −$2.29.
- Watch: Gap narrower than usual−0.065% vs +0.007%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$217K vs $3.2M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3 · Variational Omni pointsVolume here counts toward the points program.
- OK: No KYC on either legAvantis No · Variational Omni NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0101%/8h × 21 periods−$21.11
Price spread−0.065% → +0.007% (7d avg)−$7.18
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Variational Omni bp × 2 orders$0.00
Net, fees only · 7 days · $10k−$37.29
Costs to cover0.090%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Variational Omni: RFQ quote, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTVariational Omni3.097.3 bp−$710.9 bp−$109doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
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