Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 184.46 | L −0.0079S +0.0115 | get 0.0010% / 1h | 28m 59s | $101K | — | 10x | Long Avantis | |
| SHORT | 185.73 | +0.1280 | get 0.0160% / 1h | 28m 59s | $25K | $775K | 10x | Short Coinbase International |
Price gap+0.686%
Funding gap+0.1359% /8h
Funding pays +$41 a day on $10k, but the gap is 0.371% under its 7d average: −$37 if it goes back, about 22 hours of funding. At the last 7 days' pace that is about 21 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$12+0.1359% /8h now · paid +0.124% over the last 7D
Price−$37spread +0.686% now, avg +1.056% → −0.371% if it goes back
Costsno datano order book for Avantis
Result, before costs−$25−0.25%+ 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 above what this pair has been paying: over the last 7 days it paid +0.124% in total, about +0.0059%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.686%
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
/8hCBRS on 28 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$1,000 + $1,000Avantis 10x, Coinbase International 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: +$40.76Long Avantis: 24 payments, +$2.36; short Coinbase International: 24 payments, +$38.40.
- Watch: Gap narrower than usual+0.686% vs +1.056%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$25K vs $101K OICoinbase International sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- Watch: KYCAvantis No · Coinbase International YesID 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+0.0059%/8h × 21 periods+$12.43
Price spread+0.686% → +1.056% (7d avg)−$37.07
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Coinbase International bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$41.63
Costs to cover0.170%Break-even30.4 days
Slippage: Avantis: no order-book sample; Coinbase International: live order book, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTCoinbase International795.39799.4 bp−$799doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
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