Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4,155.5 | L +0.0108S +0.0023 | pay 0.0013% / 1h | 16m 03s | $5.4M | — | 200x | Long Avantis | |
| SHORT | 4,160.2 | L +0.0350S −0.0154 | get 0.0019% / 1h | 16m 03s | $154K | $25K | 25x | Short GMX5% off |
Price gap+0.114%
Funding gap+0.0046% /8h
Funding trade: +$1 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+$2+0.0046% /8h now · paid +0.018% over the last 7D
Price−$1spread +0.114% now, avg +0.123% → −0.009% if it goes back
Costsno datano order book for Avantis and GMX
Result, before costs+$1+0.01%+ Points / potential airdropAvantis: Season 3 · farm boardcosts unknown: no order book for Avantis and GMX · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.114%
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
/8hXAU on 41 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for Avantis and GMX: its slippage is not counted.
- Note: Margin at max leverage$50 + $400Avantis 200x, GMX 25x. 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: +$1.39Long Avantis: 24 payments, −$3.23; short GMX: 24 payments, +$4.62.
- Note: Gap at its usual level+0.114% vs +0.123%The price leg adds little either way.
- Watch: Short leg is thinner$154K vs $5.4M OIGMX sets your exit cost. Check its book before closing.
- OK: Points on a legAvantis Season 3Volume here counts toward the points program.
- OK: No KYC on either legAvantis No · GMX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0008%/8h × 21 periods+$1.77
Price spread+0.114% → +0.123% (7d avg)−$0.85
Slippage, 4 ordersno data for Avantis and GMX—
Fee Avantis bp × 2 orders−$4.00
Fee GMX bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$15.09
Costs to cover0.160%Break-even66.8 days
Slippage: Avantis: no order-book sample; GMX: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGAvantis—————
SELL · SHORTGMX—————
Closing costs about the same again.
Avantis and GMX: no data.
| 09-30 18:40 | Hotstuff | Listing | GOLD-PERP no longer reported ($XAU) seen by our collector |
| 09-30 15:36 | BingX | Other | here’s what could move markets before your next trade 👀 which are you watching: gold, the dollar or AI stocks? 👇 @BingXOfficial on X ↗ |
| 09-30 02:07 | Avantis | Other | The macro backdrop hasn’t changed much, but the reactions across markets have. Yields are pushing back toward multi-decade highs and equities are struggling to get much traction. $XAU is bouncing after getting hit hard, while $BTC has managed to recover toward $84K. That divergence is where this week gets interesting, and the crew is diving in tomorrow at 12:30pm ET 📺 @verantaxyz on X ↗ |
| 09-29 13:32 | GRVT | Other | UPDATE: 74 of 109 RWA markets traded in week one. Gold led, Korean semis second, US brokerage third. Makers paid on all of them. @grvt_io on X ↗ |
| 09-29 08:55 | ApeX Omni | Other | Quiet tape. S&P -0.8%, NASDAQ -0.9%, gold and oil barely moved. The 10y keeps grinding: 5.240%, another 13bp since Thursday. bitcoin:native $83,983 +1.3%, $ETH $2,712 +2.6%. $31M into spot ETFs, an eighth straight day. Fear and greed 73. @OfficialApeXdex on X ↗ |
| 09-28 20:36 | BingX | Other | Core PCE takes center stage Wednesday 👀 A cooler print could lift gold, while a hotter one may boost USD and pressure stocks. Trade $XAU on BingX TradFi 👇 @BingXOfficial on X ↗ |


BingX
GRVT
ApeX Omni