Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 158.21 | L +0.0027S +0.0028 | pay 0.0003% / 1h | 44m 36s | $7.1M | — | 500x | Long Avantis | |
| SHORT | 158.25 | −0.0833 | pay 0.0833% / 8h | 1h 44m | $1.1M | $229K | 100x | Short Bitget |
Price gap+0.027%
Funding gap−0.0860% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $26 a day and eats that in about 8 hours. At the last 7 days' pace that is about 8.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0860% /8h now · paid −0.068% over the last 7D
Price+$8spread +0.027% now, avg −0.054% → +0.081% if it goes back
Costsno datano order book for Avantis
Result, before costs+$1+0.01%+ 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 below what this pair has been paying: over the last 7 days it paid −0.068% in total, about −0.0032%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.027%
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
/8hUSDJPY on 15 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$20 + $100Avantis 500x, Bitget 100x. 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: −$25.81Long Avantis: 24 payments, −$0.82; short Bitget: 3 payments, −$24.99.
- OK: Entry gap works for you+0.027% vs −0.054%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$1.1M vs $7.1M OIBitget 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 · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0032%/8h × 21 periods−$6.81
Price spread+0.027% → −0.054% (7d avg)+$8.10
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$4.00
Fee Bitget bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$14.71
Costs to cover0.160%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Bitget: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTBitget1.588.0 bp−$810.0 bp−$100doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
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