Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG14.507L +0.0146S −0.0060pay 0.0018% / 1h45m 37s$217K—20xLong Avantis
SHORT14.497−0.0076pay 0.0076% / 8h1h 45m$3.2M$1.0M50xShort 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 forecast
Funding−$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 · 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

/8h

LINK on 41 exchanges

lowest funding first

Before 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 + $200
    Avantis 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments 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 OI
    Avantis sets your exit cost. Check its book before closing.
  • OK: Points on a legAvantis Season 3 · Variational Omni points
    Volume here counts toward the points program.
  • OK: No KYC on either legAvantis No · Variational Omni No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding 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 ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAvantis—————
SELL · SHORTVariational Omni3.097.3 bp−$710.9 bp−$109doesn’t fitdoesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

LINK news

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