Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,067.6 | +0.0203 | pay 0.0025% / 1h | 10m 32s | $181.7M | $160.6M | 10x | Long tradeXYZ | |
| SHORT | 1,066.7 | L +0.0194S −0.0158 | get 0.0020% / 1h | 10m 32s | $119K | — | 5x | Short Avantis |
Price gap−0.081%
Funding gap−0.0045% /8h
Funding costs $1 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−$2−0.0045% /8h now · paid −0.019% over the last 7D
Price−$2spread −0.081% now, avg −0.062% → −0.020% if it goes back
Costsno datano order book for Avantis
Result, before costs−$4−0.04%+ 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−0.081%
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 40 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$1,000 + $2,000tradeXYZ 10x, Avantis 5x. 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: −$1.35Long tradeXYZ: 24 payments, −$6.09; short Avantis: 24 payments, +$4.73.
- Note: Gap at its usual level−0.081% vs −0.062%The price leg adds little either way.
- Watch: Short leg is thinner$119K vs $181.7M OIAvantis sets your exit cost. Check its book before closing.
- 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−0.0009%/8h × 21 periods−$1.86
Price spread−0.081% → −0.062% (7d avg)−$1.97
Slippage, 4 ordersno data for Avantis—
Fee tradeXYZ bp × 2 orders−$1.80
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$14.62
Costs to cover0.108%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 5 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ0.941.8 bp−$22.9 bp−$297.3 bp−$73334.3 bp−$17.2K
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
| 09-30 20:09 | Backpack | Other | JUST IN: Micron beats Q4 earnings expectations ▸ Adjusted EPS: $33.42 vs $31.72 expected ▸ Revenue: $54.23B vs $51.3B expected $MU is available for stock trading, 24/7 perpetuals and as collateral 🎒 @Backpack on X ↗ |
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| 09-30 19:45 | Vest Markets | Other | $MU reports fiscal Q4 results after today's close, with consensus at $50.78B in revenue and $31.28 adjusted EPS. → Revenue: $41.46B in fiscal Q3, against $23.86B in fiscal Q2 and $13.64B in fiscal Q1 → Guidance: $50.0B ±$1.0B for fiscal Q4, with an 86% gross margin and $31.00 adjusted EPS The shares enter the print with $MU up around 275% this year and about 12% below its 52-week high, and the quarter runs 14 weeks, per the 10-Q. Cloud Memory and Core Data Center revenue reached $13.77B and $11.52B in fiscal Q3, with the fiscal 2027 outlook, HBM4 economics, DRAM pricing and record capital spending the watch items. @VestExchange on X ↗ |
| 09-30 19:11 | Polymarket Perps | Other | MEMORY SUPERCYCLE Micron $MU reports earnings after the bell today. Trade the reaction on Polymarket Perps with no market hours. Go long or short with up to 10x leverage. @Poly_Perps on X ↗ |
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| 09-30 15:30 | Phoenix | Other | $MU reports full fiscal year earnings today, after the market closes. Trade it 24/7 on Phoenix: @PhoenixTrade on X ↗ |


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