Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 183.08 | +0.0061 | pay 0.0008% / 1h | 15m 57s | $1.2M | $424K | 10x | Long QFEX | |
| SHORT | 182.70 | L +0.0019S +0.0018 | pay 0.0002% / 1h | 15m 57s | $101K | — | 10x | Short Avantis |
Price gap−0.208%
Funding gap−0.0079% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.076% 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−$17−0.0079% /8h now · paid −0.172% over the last 7D
Price−$8spread −0.208% now, avg −0.131% → −0.076% if it goes back
Costsno datano order book for Avantis
Result, before costs−$25−0.25%+ 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−0.208%
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
/8hCBRS on 28 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$1,000 + $1,000QFEX 10x, Avantis 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: −$2.36Long QFEX: 24 payments, −$1.83; short Avantis: 24 payments, −$0.53.
- Watch: Gap narrower than usual−0.208% vs −0.131%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$101K vs $1.2M 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 legQFEX No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0082%/8h × 21 periods−$17.22
Price spread−0.208% → −0.131% (7d avg)−$7.63
Slippage, 4 ordersno data for Avantis—
Fee QFEX bp × 2 orders−$20.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$53.85
Costs to cover0.290%Break-evennever at this rate
Slippage: QFEX: live order book, 4 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX1.1011.3 bp−$1121.4 bp−$214doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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