Funding arb · Price arb / Crypto
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.8074 | L +0.0237S +0.0042 | pay 0.0030% / 1h | 59m 09s | $187K | — | 10x | Long Avantis | |
| SHORT | 0.8059 | +0.0375 | get 0.0047% / 1h | 59m 09s | $245K | $240K | 10x | Short Backpack |
Price gap−0.184%
Funding gap+0.0138% /8h
Funding pays +$4 a day on $10k, but the gap is 0.253% under its 7d average: −$25 if it goes back, about 6.1 days of funding.
Funding on this pair cost 0.580% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$58+0.0138% /8h now · paid −0.580% over the last 7D
Price−$25spread −0.184% now, avg +0.069% → −0.253% if it goes back
Costsno datano order book for Avantis
Result, before costs−$83−0.83%+ 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 · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.184%
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
/8hVIRTUAL on 33 exchanges
lowest funding firstBefore 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$1,000 + $1,000Avantis 10x, Backpack 10x. 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: +$4.13Long Avantis: 24 payments, −$7.11; short Backpack: 24 payments, +$11.24.
- Watch: Gap narrower than usual−0.184% vs +0.069%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$187K vs $245K OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- Watch: KYCAvantis No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0276%/8h × 21 periods−$58.03
Price spread−0.184% → +0.069% (7d avg)−$25.29
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$102.32
Costs to cover0.190%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Backpack: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTBackpack2.489.9 bp−$10doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
Reya