Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.1202 | +0.0063 | pay 0.0008% / 1h | 17m 31s | $25.9M | $2.2M | 50x | Long tradeXYZ | |
| SHORT | 1.1198 | L +0.0068S +0.0031 | pay 0.0004% / 1h | 17m 31s | $8.0M | — | 500x | Short Avantis |
Price gap−0.032%
Funding gap−0.0094% /8h
Funding costs $3 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.0094% /8h now · paid −0.128% over the last 7D
Price+$1spread −0.032% now, avg −0.040% → +0.007% if it goes back
Costsno datano order book for Avantis
Result, before costs−$12−0.12%+ Points / potential airdroptradeXYZ: 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−0.032%
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 · 0 to watch- Note: Order book unknown—No order-book sample for Avantis: its slippage is not counted.
- Note: Margin at max leverage$200 + $20tradeXYZ 50x, 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: −$2.83Long tradeXYZ: 24 payments, −$1.89; short Avantis: 24 payments, −$0.94.
- Note: Gap at its usual level−0.032% vs −0.040%The price leg adds little either way.
- Note: Short leg is thinner$8.0M vs $25.9M OIBoth legs are deep; Avantis is the smaller one.
- OK: Points on a legtradeXYZ points · Avantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legtradeXYZ No · Avantis NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0061%/8h × 21 periods−$12.75
Price spread−0.032% → −0.040% (7d avg)+$0.74
Slippage, 4 ordersno data for Avantis—
Fee tradeXYZ bp × 2 orders−$1.80
Fee Avantis bp × 2 orders−$4.00
Net, fees only · 7 days · $10k−$17.81
Costs to cover0.058%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 6 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ1.342.3 bp−$25.2 bp−$5225.3 bp−$2,525doesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
| 10-12 22:55 | Hibachi | Contest | Week 22 of The Playoffs is complete. Points - 76.5M in circulation (+1.31% WoW) - Weekly activity distribution is 500,000 this week. The other 500,000 is reserved for the Hibachi Open - EUR and BTC still earn up to a 1.5x boost Hibachi Open - $102.8M eligible volume - 47 traders past the $500k threshold - Ends Sunday Oct 18, 23:59 UTC - Leaderboard below $300M in total volume unlocks the cash prize pool. 6 days left. Product - Institutional FX spot is the main engineering priority Vaults - FLP by @KappaLab_io : (+16.2% APR), allocation available, new cap $2.5m - GAV by @GrowiFinance : (+2.9% APR), allocation available Vault deposits earn yield and points. @hibachi_xyz on X ↗ |
| 10-06 01:41 | Hibachi | Points | Week 21 of The Playoffs is complete Points - 75.5M points in circulation (+1.32% WoW) - This week's activity distribution drops to 500,000, down from 1,000,000 - Total emissions are unchanged. For the next two weeks, half of each weekly distribution goes to The Hibachi Open: 1,000,000 points plus up to $20,000 in cash. Full details to follow - EUR and BTC earn up to a 1.5x boost this week Product - Institutional FX spot is the main engineering priority Vaults - FLP by @KappaLab_io (+14.2% APR), at max capacity - GAV by @GrowiFinance (+9.3% APR), allocation available - ROBO by @AlloraNetwork (+9.1% APR), at max capacity Vault deposits earn yield and points. @hibachi_xyz on X ↗ |
| 10-05 19:30 | Kalshi | Other | JUST IN: Euro falls to lowest since May 2025 @Kalshi on X ↗ |
| 10-05 12:00 | Bybit | Other | Looking for a fresh trading idea with potential price targets? @Bybit_Learn highlights 3 assets to watch this week, including EURUSD - the world's most traded FX pair - which just hit a 17-month low today! @Bybit_Official on X ↗ |
| 10-02 05:00 | Kalshi | Other | JUST IN: US dollar hits 17-month high against the euro @Kalshi on X ↗ |
| 09-21 10:50 | Kalshi | Other | JUST IN: ECB officially unveils digital euro payments for tokenized transactions between banks @Kalshi on X ↗ |


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