Funding arb · Price arb / Crypto
VIRTUAL
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.8180 | +0.0100 | pay 0.0013% / 1h | 33m 58s | $247K | $215K | 10x | Long Backpack | |
| SHORT | 0.8183 | L +0.0237S +0.0042 | pay 0.0005% / 1h | 33m 58s | $187K | — | 10x | Short Avantis |
Price gap+0.031%
Funding gap−0.0142% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 2.4 days. At the last 7 days' pace that is about 3 months.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$1−0.0142% /8h now · paid −0.009% over the last 7D
Price+$10spread +0.031% now, avg −0.069% → +0.100% if it goes back
Costsno datano order book for Avantis
Result, before costs+$9+0.09%+ 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+0.031%
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 + $1,000Backpack 10x, Avantis 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: −$4.26Long Backpack: 24 payments, −$3.00; short Avantis: 24 payments, −$1.26.
- OK: Entry gap works for you+0.031% vs −0.069%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$187K vs $247K OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- Watch: KYCBackpack Yes · Avantis NoKYC (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−0.0004%/8h × 21 periods−$0.94
Price spread+0.031% → −0.069% (7d avg)+$10.05
Slippage, 4 ordersno data for Avantis—
Fee Backpack bp × 2 orders−$10.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$9.89
Costs to cover0.190%Break-evennever at this rate
Slippage: Backpack: live order book, 33 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack1.8311.7 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
Reya