Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 118.00 | +0.0217 | pay 0.0027% / 1h | 32m 31s | $8.1M | $28.5M | 25x | Long Phoenix | |
| SHORT | 117.96 | L −0.0058S +0.0147 | pay 0.0018% / 1h | 32m 31s | $152K | — | 25x | Short Avantis |
Price gap−0.034%60s
Funding gap−0.0364% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $11 a day and eats that in about 24 hours. At the last 7 days' pace that is about 2.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$36−0.0364% /8h now · paid −0.361% over the last 7D
Price—spread −0.034%60s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both prices read together
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.034%
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 · 2 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$400 + $400Phoenix 25x, 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: −$10.91Long Phoenix: 24 payments, −$6.50; short Avantis: 24 payments, −$4.41.
- Watch: Prices read 60 s apart−0.034% vs −0.144%Part of this gap may be the market moving.
- Watch: Short leg is thinner$152K vs $8.1M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legPhoenix No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0172%/8h × 21 periods−$36.13
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Avantis—
Fee Phoenix bp × 2 orders−$7.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$52.13
price spread not counted: prices read too far apartCosts to cover0.160%Break-evennever at this rate
Slippage: Phoenix: live order book, 8 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix0.423.9 bp−$44.8 bp−$4813.3 bp−$1,335doesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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