Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Phemex against Lighter+0.091%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.091% dearer against Lighter than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVGO	363.84	0.0032	pay 0.0004% / 1h	3m 34s	—	—	10x
Short	Phemex AVGOUSDT	364.17	0	get 0.0000% / 8h	1h 03m	$1.5M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Lighter. 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 LighterbpFee PhemexbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$6.72
Price spread: +0.091% → 0.000%: $9.07
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$9.65
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Phemex: live order book, 4 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	3.16 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit

Lighter: 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	360.45	−0.932%	$4K	$4K	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	364.51	+0.185%	$911K	$29K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	364.02	+0.049%	$6.6M	$3.8M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	364.01	+0.047%	$8.2M	$7.3M	50x	as long as short
SunX AVGO-USDT	0.0000%	8h	363.71	−0.036%	$662	$5.5M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	364.29	+0.124%	$135K	$51K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	364.17	+0.091%	$1.5M	$1.5M	10x
Bitget AVGOUSDT	+0.0006%	8h	364.19	+0.096%	$8.0M	$3.9M	20x	as long as short
GRVT AVGO_USDT_Perp	+0.0010%	8h	364.12	+0.076%	$3K	$262K	10x	as long as short
Lighter AVGOlong	+0.0032%	1h	363.84	long leg	—	—	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AVGO-USD	+0.0037%	1h	364.10	+0.071%	$1.1M	$4.3M	10x	as long as short
OKX AVGO-USDT-SWAP	+0.0044%	8h	364.16	+0.088%	$10.5M	$14.8M	20x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	363.87	+0.008%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	363.96	+0.033%	$481K	$388K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	363.46	−0.104%	$401K	$311K	10x	as long as short
edgeX AVGOUSDC	+0.0094%	4h	364.10	+0.071%	$37K	$177K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	363.86	+0.005%	$1.1M	$75K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	363.78	−0.016%	$20K	$143K	50x	as long as short
Variational Omni AVGO	+0.0131%	8h	364.06	+0.062%	$425K	$410K	—	as long as short
Extended AVGO-USD	+0.0144%	1h	364.10	+0.072%	$61K	$383K	10x	as long as short
Binance AVGOUSDT	+0.0145%	8h	364.18	+0.094%	$38.5M	$59.4M	20x	as long as short
BloFin AVGO-USDT	+0.0263%	8h	364.14	+0.082%	$532K	$277K	20x	as long as short
Nado AVGO-PERP	+0.0275%	1h	363.92	+0.022%	$100K	$14K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0282%	1h	364.20	+0.099%	$24.6M	$21.4M	10x	as long as short
Phoenix AVGO	+0.0418%	1h	364.46	+0.170%	$31K	$18K	10x	as long as short
Paragon para:AVGO	+0.0421%	1h	363.85	+0.003%	$2.5M	$314K	10x	as long as short