Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 896.00 | +0.0100 | pay 0.0100% / 8h | 6h 43m | $1.7M | $704K | 10x | Long Phemex | |
| SHORT | 879.92 | L +0.0149S −0.0112 | get 0.0014% / 1h | 43m 59s | $99K | — | 5x | Short Avantis |
Price gap−1.795%
Funding gap+0.0012% /8h
Funding pays $0 a day on $10k, but the gap is 1.795% under zero (no 7-day history yet): −$179 if it goes back, about 16 months of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$9+0.0012% /8h now · paid −0.087% over the last 7D
Price—spread −1.795% now · no price history on both exchanges yet
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both price histories
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−1.795%
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
/8hMU on 45 exchanges
lowest funding firstBefore you open
1 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 + $2,000Phemex 10x, Avantis 5x. 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: +$0.37Long Phemex: 3 payments, −$3.00; short Avantis: 24 payments, +$3.37.
- Note: No 7-day spread history−1.795%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$99K vs $1.7M OIAvantis sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- Watch: KYCPhemex Yes · Avantis NoKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0041%/8h × 21 periods−$8.67
Price spread−1.795% → 0−$179.46
Slippage, 4 ordersno data for Avantis—
Fee Phemex bp × 2 orders−$12.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$209.13
Costs to cover0.210%Break-evennever at this rate
Slippage: Phemex: live order book, 3 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex1.4533.0 bp−$3397.5 bp−$975doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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