Funding arb · Price arb /

AVGO

RWAall AVGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.104%

Price spread now: Phemex against Paragon−0.030%7-day average +0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1111.109% of the position

Long on Paragon Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.866%−$87 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.030%, 7d avg +0.088%

Together, before fees−0.761%−$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.118% cheaper against Paragon than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.088%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:AVGO	362.58	0.0393	pay 0.0049% / 1h	49m 50s	$2.5M	$310K	10x
Short	Phemex AVGOUSDT	362.47	0	get 0.0000% / 8h	49m 50s	$1.5M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$82.46
Price spread: −0.030% → +0.088%: −$11.79
Slippage, 4 orders: −$88.91
Fee Paragon: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$205.16
Costs to cover: 1.109%
Break-even: never at this rate

Slippage from Paragon: live order book, 6 min ago; Phemex: live order book, 3 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, 6 min ago	16.83 bp	22.0 bp −$22	72.3 bp −$723	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.55 bp	31.1 bp −$31	doesn't fit	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	358.59	−1.100%	$4K	$101	12x	as long as short
Bitget AVGOUSDT	−0.0053%	8h	362.61	+0.008%	$7.9M	$4.2M	20x	as long as short
Aster AVGOUSDT	0.0000%	8h	362.66	+0.022%	$906K	$12K	20x	as long as short
Extended AVGO-USD	0.0000%	1h	362.38	−0.055%	$58K	$509K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	362.56	−0.006%	$34.7M	$62.5M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	362.32	−0.072%	$6.6M	$3.2M	50x	as long as short
OKX AVGO-USDT-SWAP	0.0000%	8h	362.63	+0.014%	$10.5M	$15.7M	20x	as long as short
Gate AVGO_USDT	0.0000%	8h	362.47	−0.030%	$6.7M	$6.2M	50x	as long as short
Variational Omni AVGO	0.0000%	8h	362.33	−0.068%	$425K	$304K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	362.26	−0.087%	$4K	$215K	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	362.04	−0.149%	$673	$4.2M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	362.55	−0.008%	$109K	$101K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	362.47	−0.030%	$1.5M	$1.6M	10x
BloFin AVGO-USDT	+0.0018%	8h	362.45	−0.036%	$540K	$311K	20x	as long as short
edgeX AVGOUSDC	+0.0019%	4h	362.38	−0.055%	$37K	$177K	10x	as long as short
Lighter AVGO	+0.0032%	1h	362.17	−0.113%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0033%	1h	362.26	−0.088%	$1.1M	$4.0M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	362.08	−0.138%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	361.99	−0.163%	$492K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	362.17	−0.113%	$277K	$317K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	362.27	−0.085%	$1.1M	$43K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	362.48	−0.028%	$20K	$136K	50x	as long as short
Nado AVGO-PERP	+0.0268%	1h	362.14	−0.121%	$110K	$25K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0308%	1h	362.55	−0.008%	$24.3M	$14.0M	10x	as long as short
Phoenix AVGO	+0.0375%	1h	362.65	+0.019%	$31K	$18K	10x	as long as short
Paragon para:AVGOlong	+0.0393%	1h	362.58	long leg	$2.5M	$310K	10x