Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 352.37 | 0 | 0.0000% / 8h | 2h 24m | $1.4M | $1.2M | 10x | Long Phemex | |
| SHORT | 351.63 | L +0.0342S −0.0306 | get 0.0038% / 1h | 24m 50s | $278K | — | 10x | Short Avantis |
Price gap−0.211%
Funding gap+0.0306% /8h
Funding pays +$9 a day on $10k, but the gap is 0.076% under its 7d average: −$8 if it goes back, about 20 hours of funding. At the last 7 days' pace that is about 3.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0306% /8h now · paid +0.169% over the last 7D
Price−$8spread −0.211% now, avg −0.136% → −0.076% if it goes back
Costsno datano order book for Avantis
Result, before costs+$9+0.09%+ 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 +0.169% in total, about +0.0080%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.211%
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
/8hAVGO on 28 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000Phemex 10x, Avantis 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$9.17Long Phemex: 3 payments, $0.00; short Avantis: 24 payments, +$9.17.
- Watch: Gap narrower than usual−0.211% vs −0.136%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$278K vs $1.4M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- Watch: KYCPhemex Yes · Avantis NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0080%/8h × 21 periods+$16.87
Price spread−0.211% → −0.136% (7d avg)−$7.57
Slippage, 4 ordersno data for Avantis—
Fee Phemex bp × 2 orders−$12.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$11.69
Costs to cover0.210%Break-even11.9 days
Slippage: Phemex: live order book, 3 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.1425.5 bp−$2595.6 bp−$956doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
| 09-24 05:15 | Bitget | Other | $AVGO came under pressure yesterday as fresh China-related concerns weighed on the stock. Check out the key levels to watch next. @bitget on X ↗ |
| 09-23 05:20 | Kalshi | Other | JUST IN: China considers Broadcom switches in state data centers to boost local chip makers @Kalshi on X ↗ |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market AVGO/USD ($AVGO) seen by our collector |


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