Funding arb · Price arb / Crypto
VIRTUAL
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.8420 | +0.4344 | pay 0.0543% / 1h | 2m 18s | $187K | $23K | 50x | Long Coinbase International | |
| SHORT | 0.8235 | L +0.0237S +0.0042 | pay 0.0005% / 1h | 2m 18s | $187K | — | 10x | Short Avantis |
Price gap−2.194%
Funding gap−0.4386% /8h
Both sides work against this direction now: funding costs $132 a day on $10k and the gap is 1.055% 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−$80−0.4386% /8h now · paid −0.802% over the last 7D
Price−$106spread −2.194% now, avg −1.138% → −1.055% if it goes back
Costsno datano order book for Avantis
Result, before costs−$186−1.86%+ 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 below what this pair has been paying: over the last 7 days it paid −0.802% in total, about −0.0382%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−2.194%
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$200 + $1,000Coinbase International 50x, 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: −$131.58Long Coinbase International: 24 payments, −$130.32; short Avantis: 24 payments, −$1.26.
- Watch: Gap narrower than usual−2.194% vs −1.138%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$187K vs $187K OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- Watch: KYCCoinbase International Yes · Avantis NoID 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−0.0382%/8h × 21 periods−$80.23
Price spread−2.194% → −1.138% (7d avg)−$105.54
Slippage, 4 ordersno data for Avantis—
Fee Coinbase International bp × 2 orders−$8.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$202.77
Costs to cover0.170%Break-evennever at this rate
Slippage: Coinbase International: live order book, 4 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International158.04doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
Reya