Funding arb · Price arb / Crypto
VIRTUAL
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.8074 | L +0.0237S +0.0042 | pay 0.0030% / 1h | 59m 09s | $187K | — | 10x | Long Avantis | |
| SHORT | 0.8067 | −0.0168 | pay 0.0021% / 1h | 59m 09s | $14K | $163K | 5x | Short Phoenix |
Price gap−0.078%
Funding gap−0.0405% /8h
Both sides work against this direction now: funding costs $12 a day on $10k and the gap is 0.131% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$117−0.0405% /8h now · paid −1.167% over the last 7D
Price−$13spread −0.078% now, avg +0.053% → −0.131% if it goes back
Costsno datano order book for Avantis
Result, before costs−$130−1.30%+ 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−0.078%
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 + $2,000Avantis 10x, Phoenix 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: −$12.16Long Avantis: 24 payments, −$7.11; short Phoenix: 24 payments, −$5.05.
- Watch: Gap narrower than usual−0.078% vs +0.053%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$14K vs $187K OIPhoenix 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 legAvantis No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0556%/8h × 21 periods−$116.73
Price spread−0.078% → +0.053% (7d avg)−$13.12
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Phoenix bp × 2 orders−$7.00
Net, fees only · 7 days · $10k−$145.85
Costs to cover0.160%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Phoenix: live order book, 60 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTPhoenix1.9515.9 bp−$1649.8 bp−$498doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
Reya