Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5430 | L +0.0237S +0.0032 | pay 0.0030% / 1h | 13m 29s | $59K | — | 10x | Long Avantis | |
| SHORT | 0.5436 | +0.0329 | get 0.0041% / 1h | 13m 29s | $172K | $406K | 10x | Short Phoenix |
Price gap+0.116%
Funding gap+0.0092% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.116% above zero (no 7-day history yet): +$12 more if it goes back.
Funding on this pair cost 0.143% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$14+0.0092% /8h now · paid −0.143% over the last 7D
Price—spread +0.116% now · no price history on both exchanges yet
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both price histories
Price and funding
1h · loading 5m…Entry / ExitAvantis: thin, under $1M open interest · Phoenix: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.116%
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
/8hWLD on 39 exchanges
lowest funding firstBefore you open
3 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 + $1,000Avantis 10x, Phoenix 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: +$2.75Long Avantis: 24 payments, −$7.11; short Phoenix: 24 payments, +$9.86.
- Note: No 7-day spread history+0.116%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$59K vs $172K OIAvantis 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−0.0068%/8h × 21 periods−$14.26
Price spread+0.116% → 0+$11.60
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−$18.67
Costs to cover0.160%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Phoenix: live order book, 22 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTPhoenix2.9619.5 bp−$2056.7 bp−$567doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
Reya