Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.402 | +0.0268 | pay 0.0268% / 8h | 44m 56s | $20.6M | $9.7M | 50x | Long Phemex | |
| SHORT | 14.383 | L +0.0146S −0.0060 | get 0.0007% / 1h | 44m 56s | $217K | — | 20x | Short Avantis |
Price gap−0.131%
Funding gap−0.0208% /8h
Funding costs $6 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$73−0.0208% /8h now · paid −0.732% over the last 7D
Price$0spread −0.131% now, avg −0.133% → +0.002% if it goes back
Costsno datano order book for Avantis
Result, before costs−$73−0.73%+ 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−0.131%
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
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$200 + $500Phemex 50x, Avantis 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.25Long Phemex: 3 payments, −$8.05; short Avantis: 24 payments, +$1.80.
- Note: Gap at its usual level−0.131% vs −0.133%The price leg adds little either way.
- Watch: Short leg is thinner$217K vs $20.6M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- Watch: KYCPhemex Yes · Avantis NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0348%/8h × 21 periods−$73.16
Price spread−0.131% → −0.133% (7d avg)+$0.17
Slippage, 4 ordersno data for Avantis—
Fee Phemex bp × 2 orders−$12.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$93.99
Costs to cover0.210%Break-evennever at this rate
Slippage: Phemex: live order book, 5 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.1311.3 bp−$1118.3 bp−$18359.0 bp−$5,896137.6 bp−$68.8K
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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