Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.24 | +0.0064 | pay 0.0008% / 1h | 58m 49s | $99K | $489K | 20x | Long Hibachi | |
| SHORT | 119.21 | L +0.0102S −0.0007 | get 0.0001% / 1h | 58m 49s | $125K | — | 25x | Short Avantis |
Price gap−0.028%
Funding gap−0.0057% /8h
Funding costs $2 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+$20−0.0057% /8h now · paid +0.201% over the last 7D
Price$0spread −0.028% now, avg −0.033% → +0.005% if it goes back
Costsno datano order book for Avantis
Result, before costs+$21+0.21%+ Points / potential airdropHibachi: points · Avantis: 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−0.028%
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
/8hSOL on 56 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$500 + $400Hibachi 20x, Avantis 25x. 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: −$1.70Long Hibachi: 24 payments, −$1.92; short Avantis: 24 payments, +$0.22.
- Note: Gap at its usual level−0.028% vs −0.033%The price leg adds little either way.
- Watch: Long leg is thinner$99K vs $125K OIHibachi sets your exit cost. Check its book before closing.
- OK: Points on a legHibachi points · Avantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legHibachi No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0096%/8h × 21 periods+$20.10
Price spread−0.028% → −0.033% (7d avg)+$0.48
Slippage, 4 ordersno data for Avantis—
Fee Hibachi bp × 2 orders−$9.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$2.58
Costs to cover0.180%Break-even6.1 days
Slippage: Hibachi: live order book, 62 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGHibachi0.174.7 bp−$518.1 bp−$181doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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