Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.025%

Price spread now: Phemex against Ondo Perps+0.112%7-day average +0.131% · you sell dearer than you buy

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

Long on Ondo Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now +0.112%, 7d avg +0.131%

Together, before fees−0.071%+ Points / potential airdropOndo Perps: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.131%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps AVGO-USD.P	364.47	0.0050	pay 0.0006% / 1h	17m 46s	$403K	$314K	10x
Short	Phemex AVGOUSDT	364.88	0	get 0.0000% / 8h	17m 46s	$1.5M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee PhemexbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$10.58
Price spread: +0.112% → +0.131%: −$1.84
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$29.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 5 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	2.33 bp	31.9 bp −$32	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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	361.10	−0.925%	$4K	$101	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	365.35	+0.242%	$913K	$29K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	364.71	+0.066%	$6.7M	$3.8M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	364.73	+0.071%	$8.1M	$7.4M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	364.91	+0.121%	$8.0M	$4.1M	20x	as long as short
SunX AVGO-USDT	0.0000%	8h	364.68	+0.058%	$700	$5.4M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	364.78	+0.085%	$135K	$51K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	364.88	+0.112%	$1.5M	$1.5M	10x
GRVT AVGO_USDT_Perp	+0.0028%	8h	364.72	+0.068%	$4K	$247K	10x	as long as short
Lighter AVGO	+0.0032%	1h	364.39	−0.022%	—	—	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AVGO-USD-PERP	+0.0046%	1h	364.42	−0.014%	—	$9K	25x	as long as short
QFEX AVGO-USD	+0.0049%	1h	364.75	+0.077%	$1.1M	$4.4M	10x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	364.66	+0.052%	$480K	$391K	10x	as long as short
Ondo Perps AVGO-USD.Plong	+0.0050%	1h	364.47	long leg	$403K	$314K	10x
KuCoin AVGOUSDTM	+0.0100%	8h	364.50	+0.008%	$1.1M	$72K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	364.44	−0.008%	$20K	$141K	50x	as long as short
OKX AVGO-USDT-SWAP	+0.0108%	8h	365.06	+0.162%	$10.9M	$16.5M	20x	as long as short
Variational Omni AVGO	+0.0169%	8h	364.90	+0.119%	$425K	$410K	—	as long as short
Extended AVGO-USD	+0.0184%	1h	364.83	+0.098%	$61K	$383K	10x	as long as short
Binance AVGOUSDT	+0.0188%	8h	364.91	+0.120%	$38.7M	$59.8M	20x	as long as short
BloFin AVGO-USDT	+0.0304%	8h	364.95	+0.132%	$553K	$277K	20x	as long as short
Nado AVGO-PERP	+0.0360%	1h	364.49	+0.005%	$101K	$14K	10x	as long as short
Phoenix AVGO	+0.0417%	1h	365.14	+0.184%	$31K	$18K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0460%	1h	364.85	+0.104%	$24.8M	$21.3M	10x	as long as short
Paragon para:AVGO	+0.0522%	1h	364.40	−0.019%	$2.5M	$314K	10x	as long as short
edgeX AVGOUSDC	+0.0996%	4h	364.68	+0.059%	$37K	$176K	10x	as long as short