Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0548%/8h= −60.0% APRpaid last 24h +0.008%

Price spread now: edgeX against Paragon−0.046%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Paragon Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.046%, 7d avg +0.066%

Together, before fees+0.124%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and edgeX is 0.112% cheaper against Paragon than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:AVGO	365.81	0.0647	pay 0.0081% / 1h	45m 02s	$2.6M	$294K	10x
Short	edgeX AVGOUSDC	365.64	0.0099	get 0.0049% / 4h	3h 45m	$37K	$178K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paragon. 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 ParagonbpFee edgeXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$115.08
Price spread: −0.046% → +0.066%: −$11.18
Slippage, 4 orders: −$50.68
Fee Paragon: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$195.94
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from Paragon: live order book, 2 min ago; edgeX: live order book, 7 min ago.

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 Paragon live order book, 2 min ago	14.63 bp	19.7 bp −$20	58.5 bp −$585	doesn't fit	doesn't fit
Sell edgeX live order book, 7 min ago	5.19 bp	9.9 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit

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	362.94	−0.785%	$4K	$101	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	365.45	−0.099%	$913K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	365.45	−0.098%	$6.7M	$3.0M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	365.55	−0.071%	$7.1M	$5.9M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	365.60	−0.057%	$8.0M	$3.9M	20x	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	365.40	−0.113%	$3K	$197K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	365.45	−0.098%	$994	$4.3M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.69	−0.033%	$116K	$88K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	365.70	−0.030%	$1.5M	$1.5M	10x	as long as short
Variational Omni AVGO	+0.0026%	8h	365.86	+0.012%	$425K	$303K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVGO	+0.0032%	1h	365.26	−0.150%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0034%	1h	365.46	−0.096%	$1.1M	$3.8M	10x	as long as short
Extended AVGO-USD	+0.0040%	1h	365.49	−0.088%	$59K	$424K	10x	as long as short
Binance AVGOUSDT	+0.0044%	8h	365.59	−0.060%	$36.2M	$58.3M	20x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	365.33	−0.131%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	365.23	−0.159%	$497K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	365.23	−0.159%	$325K	$260K	10x	as long as short
OKX AVGO-USDT-SWAP	+0.0097%	8h	365.62	−0.052%	$10.7M	$15.2M	20x	as long as short
edgeX AVGOUSDCshort	+0.0099%	4h	365.64	−0.046%	$37K	$178K	10x
KuCoin AVGOUSDTM	+0.0100%	8h	365.91	+0.027%	$1.1M	$50K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	365.44	−0.101%	$20K	$137K	50x	as long as short
BloFin AVGO-USDT	+0.0164%	8h	365.62	−0.052%	$547K	$275K	20x	as long as short
tradeXYZ xyz:AVGO	+0.0197%	1h	365.47	−0.093%	$24.5M	$13.8M	10x	as long as short
Nado AVGO-PERP	+0.0309%	1h	365.35	−0.125%	$111K	$25K	10x	as long as short
Phoenix AVGO	+0.0349%	1h	365.90	+0.025%	$31K	$18K	10x	as long as short
Paragon para:AVGOlong	+0.0647%	1h	365.81	long leg	$2.6M	$294K	10x