Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.1159 | L +0.0069S +0.0030 | pay 0.0009% / 1h | 5m 41s | $3.6M | — | 500x | Long Avantis | |
| SHORT | 1.1118 | +0.0032 | get 0.0004% / 1h | 5m 41s | $6.1M | $4.8M | 100x | Short Extended10% off |
Price gap−0.372%
Funding gap−0.0037% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.364% 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$0−0.0037% /8h now · paid +0.001% over the last 7D
Price−$36spread −0.372% now, avg −0.008% → −0.364% if it goes back
Costsno datano order book for Avantis
Result, before costs−$36−0.36%+ Points / potential airdropAvantis: Season 3 · Extended: points · 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−0.372%
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
/8hEUR on 19 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$20 + $100Avantis 500x, Extended 100x. 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: −$1.11Long Avantis: 24 payments, −$2.07; short Extended: 24 payments, +$0.96.
- Watch: Gap narrower than usual−0.372% vs −0.008%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$3.6M vs $6.1M OIBoth legs are deep; Avantis is the smaller one.
- OK: Points on a legAvantis Season 3 · Extended pointsVolume here counts toward the points program.
- OK: No KYC on either legAvantis No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0001%/8h × 21 periods+$0.15
Price spread−0.372% → −0.008% (7d avg)−$36.43
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$4.00
Fee Extended bp × 2 orders−$5.00
Net, fees only · 7 days · $10k−$45.28
Costs to cover0.090%Break-even2131.8 days
Slippage: Avantis: no order-book sample; Extended: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTExtended3.0624.2 bp−$2429.0 bp−$290doesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis: no data.
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| 10-20 18:05 | Avantis | Other | The largest single onchain FX trade was just executed on Veranta: a $19M $EURUSD long with 190x leverage. 💪 This trader paid zero trading fees and only ~1bp spread to open the trade. We're increasingly seeing FX and commodities traders choose Veranta as the best onchain venue to trade in size. @verantaxyz on X ↗ |
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