Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5137 | +0.1224 | pay 0.0153% / 1h | 3m 23s | $318K | $493K | 50x | Long Coinbase International | |
| SHORT | 0.5130 | L +0.0237S +0.0032 | pay 0.0004% / 1h | 3m 23s | $59K | — | 10x | Short Avantis |
Price gap−0.132%52s
Funding gap−0.1256% /8h
Both sides work against this direction now: funding costs $38 a day on $10k and the gap is 0.132% under zero (no 7-day history yet). Swap the legs.
The two prices were read 52 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−$86−0.1256% /8h now · paid −0.864% over the last 7D
Price—spread −0.132%52s 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
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.864% in total, about −0.0411%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.132%
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
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: −$37.67Long Coinbase International: 24 payments, −$36.72; short Avantis: 24 payments, −$0.95.
- Watch: Prices read 52 s apart−0.132% vs —Part of this gap may be the market moving.
- Watch: Short leg is thinner$59K vs $318K 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−0.0411%/8h × 21 periods−$86.40
Price spreadprices read too far apart to compare—
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−$103.40
price spread not counted: prices read too far apartCosts to cover0.170%Break-evennever at this rate
Slippage: Coinbase International: live order book, 14 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGCoinbase International74.091459.8 bp−$1,460doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
Reya