Funding arb · Price arb / Crypto
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.8193 | −0.0234 | get 0.0029% / 1h | 33m 54s | $14K | $163K | 5x | Long Phoenix | |
| SHORT | 0.8183 | L +0.0237S +0.0042 | pay 0.0005% / 1h | 33m 54s | $187K | — | 10x | Short Avantis |
Price gap−0.121%64s
Funding gap+0.0192% /8h
Funding pays +$6 a day on $10k, but the gap is 0.069% under its 7d average: −$7 if it goes back, about 29 hours of funding.
The two prices were read 64 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$58+0.0192% /8h now · paid +0.578% over the last 7D
Price—spread −0.121%64s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.121%
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$2,000 + $1,000Phoenix 5x, 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: +$5.76Long Phoenix: 24 payments, +$7.02; short Avantis: 24 payments, −$1.26.
- Watch: Prices read 64 s apart−0.121% vs −0.053%Part of this gap may be the market moving.
- Watch: Long 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 legPhoenix No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0275%/8h × 21 periods+$57.77
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Avantis—
Fee Phoenix bp × 2 orders−$7.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$41.77
price spread not counted: prices read too far apartCosts to cover0.160%Break-even1.9 days
Slippage: Phoenix: live order book, 25 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.9515.9 bp−$1657.5 bp−$575doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
Reya