Funding arb · Price arb / Crypto
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.7868 | L +0.0237S +0.0054 | pay 0.0030% / 1h | 35m 54s | $166K | — | 10x | Long Avantis | |
| SHORT | 0.8106 | +0.4344 | get 0.0543% / 1h | 35m 54s | $180K | $23K | 50x | Short Coinbase International |
Price gap+3.023%
Funding gap+0.4107% /8h
Both sides work: funding pays +$123 a day on $10k, and the gap is 1.872% above its 7d average: +$187 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$21+0.4107% /8h now · paid +0.213% over the last 7D
Price+$187spread +3.023% now, avg +1.151% → +1.872% if it goes back
Costsno datano order book for Avantis
Result, before costs+$208+2.08%+ 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 above what this pair has been paying: over the last 7 days it paid +0.213% in total, about +0.0101%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+3.023%
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
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$1,000 + $200Avantis 10x, Coinbase International 50x. 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: +$123.21Long Avantis: 24 payments, −$7.11; short Coinbase International: 24 payments, +$130.32.
- OK: Entry gap works for you+3.023% vs +1.151%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$166K vs $180K 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 · Coinbase International YesID 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+0.0101%/8h × 21 periods+$21.28
Price spread+3.023% → +1.151% (7d avg)+$187.17
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Coinbase International bp × 2 orders−$8.00
Net, fees only · 7 days · $10k+$191.45
Costs to cover0.170%Break-evenfrom the start
Slippage: Avantis: no order-book sample; Coinbase International: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTCoinbase International326.22330.2 bp−$3301647.6 bp−$16.5Kdoesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
Reya