Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.1119 | +0.0032 | pay 0.0004% / 1h | 57m 42s | $6.1M | $4.7M | 100x | Long Extended10% off | |
| SHORT | 1.1159 | L +0.0069S +0.0030 | pay 0.0004% / 1h | 57m 42s | $3.6M | — | 500x | Short Avantis |
Price gap+0.360%
Funding gap−0.0062% /8h
The gap pays +$35 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 19 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$21−0.0062% /8h now · paid −0.206% over the last 7D
Price+$35spread +0.360% now, avg +0.006% → +0.355% if it goes back
Costsno datano order book for Avantis
Result, before costs+$15+0.15%+ Points / potential airdropExtended: points · Avantis: Season 3 · 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+0.360%
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
4 ok · 0 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$100 + $20Extended 100x, Avantis 500x. 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: −$1.86Long Extended: 24 payments, −$0.96; short Avantis: 24 payments, −$0.90.
- OK: Entry gap works for you+0.360% vs +0.006%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short leg is thinner$3.6M vs $6.1M OIBoth legs are deep; Avantis is the smaller one.
- OK: Points on a legExtended points · Avantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legExtended No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0098%/8h × 21 periods−$20.61
Price spread+0.360% → +0.006% (7d avg)+$35.49
Slippage, 4 ordersno data for Avantis—
Fee Extended bp × 2 orders−$5.00
Fee Avantis bp × 2 orders−$4.00
Net, fees only · 7 days · $10k+$5.88
Costs to cover0.090%Break-evenfrom the start
Slippage: Extended: live order book, 5 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGExtended1.173.7 bp−$47.8 bp−$78doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
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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