Funding arb · Price arb / Crypto
VIRTUAL
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.7930 | L +0.0237S +0.0037 | pay 0.0030% / 1h | 46m 52s | $182K | — | 10x | Long Avantis | |
| SHORT | 0.7937 | +0.0100 | get 0.0013% / 1h | 46m 52s | $10.7M | $5.9M | 5x | Short Hyperliquid4% off |
Price gap+0.094%
Funding gap−0.0137% /8h
The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 29 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$30−0.0137% /8h now · paid −0.297% over the last 7D
Price+$5spread +0.094% now, avg +0.043% → +0.050% if it goes back
Costsno datano order book for Avantis
Result, before costs−$25−0.25%+ Points / potential airdropAvantis: Season 3 · Hyperliquid: Season 2 · 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+0.094%
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
4 ok · 1 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $2,000Avantis 10x, Hyperliquid 5x. 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: −$4.11Long Avantis: 24 payments, −$7.11; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.094% vs +0.043%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$182K vs $10.7M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3 · Hyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legAvantis No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0141%/8h × 21 periods−$29.71
Price spread+0.094% → +0.043% (7d avg)+$5.02
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Hyperliquid bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$42.69
Costs to cover0.180%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Hyperliquid: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTHyperliquid0.509.6 bp−$1022.9 bp−$229doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
Reya