Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.499 | +0.2880 | pay 0.0360% / 1h | 35m 54s | $1.1M | $1.6M | 50x | Long Coinbase International | |
| SHORT | 14.405 | L +0.0078S +0.0012 | pay 0.0001% / 1h | 35m 54s | $218K | — | 20x | Short Avantis |
Price gap−0.648%
Funding gap−0.2892% /8h
The gap pays +$35 on $10k if it goes back to its 7d average, but funding costs $87 a day and eats that in about 10 hours. At the last 7 days' pace that is about 6.9 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$35−0.2892% /8h now · paid −0.352% over the last 7D
Price+$35spread −0.648% now, avg −0.995% → +0.347% if it goes back
Costsno datano order book for Avantis
Result, before costs$00.00%+ Points / potential airdropAvantis: Season 3 · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.352% in total, about −0.0168%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.648%
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$200 + $500Coinbase International 50x, Avantis 20x. 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: −$86.75Long Coinbase International: 24 payments, −$86.40; short Avantis: 24 payments, −$0.35.
- OK: Entry gap works for you−0.648% vs −0.995%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$218K vs $1.1M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- Watch: KYCCoinbase International Yes · Avantis NoID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0168%/8h × 21 periods−$35.23
Price spread−0.648% → −0.995% (7d avg)+$34.74
Slippage, 4 ordersno data for Avantis—
Fee Coinbase International bp × 2 orders−$8.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$17.48
Costs to cover0.170%Break-evenfrom the start
Slippage: Coinbase International: live order book, 2 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International0.34652.2 bp−$6522290.6 bp−$22.9Kdoesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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