Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.102%

Price spread now: Phoenix against Aster−0.064%75s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.064% cheaper against Aster than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$13 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVGOUSDT	361.54	0	get 0.0000% / 8h	7h 14m	$904K	$12K	20x
Short	Phoenix AVGO	361.31	0.0420	get 0.0052% / 1h	14m 05s	$31K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee PhoenixbpOrdersPrice spread, now −0.064%Rate

Funding earned: $88.13
Price spread: −0.064% → 0.000%: −$6.35
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $66.77
Costs to cover: 0.150%
Break-even: 1.7 days

Slippage unknown: Aster: live order book, 19 min ago; Phoenix: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 19 min ago	26.25 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVGO on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVGO/USDC PERP	−0.0220%	1h	361.32	−0.061%	$2K	$2K	12x	as long as short
Aster AVGOUSDTlong	0.0000%	8h	361.54	long leg	$904K	$12K	20x
Extended AVGO-USD	0.0000%	1h	361.82	+0.076%	$58K	$462K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	361.86	+0.089%	$33.8M	$64.1M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	361.85	+0.086%	$6.6M	$3.2M	50x	as long as short
OKX AVGO-USDT-SWAP	0.0000%	8h	361.98	+0.122%	$10.5M	$15.5M	20x	as long as short
Gate AVGO_USDT	0.0000%	8h	361.91	+0.102%	$6.6M	$6.7M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	362.01	+0.130%	$7.8M	$4.2M	20x	as long as short
Variational Omni AVGO	0.0000%	8h	361.88	+0.095%	$423K	$284K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	361.34	−0.056%	$3K	$212K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AVGO-USDT	0.0000%	8h	362.01	+0.130%	$557	$4.0M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	361.98	+0.122%	$108K	$96K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	362.00	+0.127%	$1.5M	$1.6M	10x	as long as short
BloFin AVGO-USDT	+0.0019%	8h	361.80	+0.072%	$542K	$318K	20x	as long as short
Lighter AVGO	+0.0032%	1h	361.71	+0.047%	—	—	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	361.64	+0.028%	—	$9K	25x	as long as short
QFEX AVGO-USD	+0.0050%	1h	361.85	+0.086%	$1.2M	$4.0M	10x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	361.57	+0.008%	$492K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	361.56	+0.006%	$275K	$318K	10x	as long as short
Paragon para:AVGO	+0.0060%	1h	361.79	+0.069%	$2.5M	$296K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	361.67	+0.036%	$1.1M	$109K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	361.24	−0.083%	$20K	$139K	50x	as long as short
Nado AVGO-PERP	+0.0254%	1h	361.84	+0.083%	$110K	$25K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0255%	1h	361.77	+0.064%	$24.2M	$13.8M	10x	as long as short
Phoenix AVGOshort	+0.0420%	1h	361.31	−0.064%	$31K	$18K	10x
edgeX AVGOUSDC	+0.0745%	4h	361.73	+0.052%	$37K	$178K	10x	as long as short