Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,066.1 | L +0.0200S −0.0164 | pay 0.0025% / 1h | 18m 32s | $119K | — | 5x | Long Avantis | |
| SHORT | 1,066.8 | +0.0100 | get 0.0013% / 1h | 18m 32s | $165K | $280K | 10x | Short Pacifica10% back |
Price gap+0.064%
Funding gap−0.0100% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.024% 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−$4−0.0100% /8h now · paid −0.044% over the last 7D
Price−$2spread +0.064% now, avg +0.088% → −0.024% if it goes back
Costsno datano order book for Avantis
Result, before costs−$7−0.07%+ Points / potential airdropAvantis: Season 3 · Pacifica: points · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.064%
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
/8hMU on 41 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 + $1,000Avantis 5x, Pacifica 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: −$2.99Long Avantis: 24 payments, −$5.99; short Pacifica: 24 payments, +$3.00.
- Watch: Gap narrower than usual+0.064% vs +0.088%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$119K vs $165K OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3 · Pacifica pointsVolume here counts toward the points program.
- OK: No KYC on either legAvantis No · Pacifica NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0021%/8h × 21 periods−$4.42
Price spread+0.064% → +0.088% (7d avg)−$2.41
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Pacifica bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$23.84
Costs to cover0.170%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Pacifica: live order book, 60 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTPacifica4.329.0 bp−$917.0 bp−$170doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
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