Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 185.47 | 0 | 0.0000% / 8h | 3h 29m | $1K | $565K | 10x | Long SunX≤10% back | |
| SHORT | 184.46 | L −0.0079S +0.0115 | pay 0.0014% / 1h | 29m 10s | $101K | — | 10x | Short Avantis |
Price gap−0.542%
Funding gap−0.0115% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.336% 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−$19−0.0115% /8h now · paid −0.190% over the last 7D
Price−$34spread −0.542% now, avg −0.206% → −0.336% if it goes back
Costsno datano order book for Avantis
Result, before costs−$53−0.53%+ 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−0.542%
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
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$1,000 + $1,000SunX 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: −$3.45Long SunX: 3 payments, $0.00; short Avantis: 24 payments, −$3.45.
- Watch: Gap narrower than usual−0.542% vs −0.206%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$1K vs $101K 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 legSunX No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0091%/8h × 21 periods−$19.05
Price spread−0.542% → −0.206% (7d avg)−$33.62
Slippage, 4 ordersno data for Avantis—
Fee SunX bp × 2 orders−$8.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$69.67
Costs to cover0.170%Break-evennever at this rate
Slippage: SunX: live order book, 36 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGSunX29.9148.3 bp−$48doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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