Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,065.9 | L +0.0222S −0.0186 | pay 0.0028% / 1h | 41m 59s | $152K | — | 5x | Long Avantis | |
| SHORT | 1,067.2 | 0 | 0.0000% / 8h | 3h 41m | $11K | $251K | 10x | Short SunX≤10% back |
Price gap+0.122%
Funding gap−0.0222% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.109% 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−$21−0.0222% /8h now · paid −0.209% over the last 7D
Price−$11spread +0.122% now, avg +0.231% → −0.109% if it goes back
Costsno datano order book for Avantis
Result, before costs−$32−0.32%+ Points / potential airdropAvantis: Season 3 · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.122%
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
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$2,000 + $1,000Avantis 5x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.66Long Avantis: 24 payments, −$6.66; short SunX: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.122% vs +0.231%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$11K vs $152K OISunX 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 · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0100%/8h × 21 periods−$20.91
Price spread+0.122% → +0.231% (7d avg)−$10.90
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee SunX bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$48.81
Costs to cover0.170%Break-evennever at this rate
Slippage: Avantis: no order-book sample; SunX: live order book, 22 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTSunX5.3816.4 bp−$16doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
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