Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 356.49 | 0 | 0.0000% / 4h | 3h 58m | $1.0M | $20K | 10x | Long Phemex | |
| SHORT | 356.10 | L +0.0051S −0.0052 | get 0.0006% / 1h | 58m 35s | $106K | — | 25x | Short Avantis |
Price gap−0.111%
Funding gap+0.0052% /8h
Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$16+0.0052% /8h now · paid +0.155% over the last 7D
Price$0spread −0.111% now, avg −0.106% → −0.005% if it goes back
Costsno datano order book for Avantis
Result, before costs+$15+0.15%+ Points / potential airdropAvantis: 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−0.111%
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
/8hTSLA on 39 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 + $400Phemex 10x, Avantis 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.55Long Phemex: 6 payments, $0.00; short Avantis: 24 payments, +$1.55.
- Note: Gap at its usual level−0.111% vs −0.106%The price leg adds little either way.
- Watch: Short leg is thinner$106K vs $1.0M 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+0.0074%/8h × 21 periods+$15.53
Price spread−0.111% → −0.106% (7d avg)−$0.50
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−$5.97
Costs to cover0.210%Break-even9.7 days
Slippage: Phemex: live order book, 2 min ago; Avantis: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.6718.2 bp−$18107.6 bp−$1,076doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————
Closing costs about the same again.
Avantis: no data.
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