Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 356.55 | +0.0208 | pay 0.0026% / 1h | 58m 35s | $390K | $182K | 20x | Long Popdex | |
| SHORT | 356.10 | L +0.0051S −0.0052 | get 0.0006% / 1h | 58m 35s | $106K | — | 25x | Short Avantis |
Price gap−0.128%
Funding gap−0.0156% /8h
Funding costs $5 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3−0.0156% /8h now · paid −0.033% over the last 7D
Price−$1spread −0.128% now, avg −0.116% → −0.012% if it goes back
Costsno datano order book for Avantis
Result, before costs−$5−0.05%+ 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 · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.128%
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
/8hTSLA 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$500 + $400Popdex 20x, Avantis 25x. 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: −$4.69Long Popdex: 24 payments, −$6.24; short Avantis: 24 payments, +$1.55.
- Note: Gap at its usual level−0.128% vs −0.116%The price leg adds little either way.
- Watch: Short leg is thinner$106K vs $390K 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 legPopdex No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0016%/8h × 21 periods−$3.36
Price spread−0.128% → −0.116% (7d avg)−$1.17
Slippage, 4 ordersno data for Avantis—
Fee Popdex bp × 2 orders−$6.40
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$19.94
Costs to cover0.154%Break-evennever at this rate
Slippage: Popdex: live order book, 14 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.425.0 bp−$56.5 bp−$65doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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