Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex−0.080%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Lighter

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

Funding pays, the price is against you. Lighter is 0.080% cheaper against Phemex than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVGOUSDT	362.10	0	get 0.0000% / 8h	1h 30m	$1.5M	$1.6M	10x
Short	Lighter AVGO	361.81	0.0032	get 0.0004% / 1h	30m 09s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phemex. 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 PhemexbpFee LighterbpOrdersPrice spread, now −0.080%Rate

Funding earned: $6.72
Price spread: −0.080% → 0.000%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.29
Costs to cover: 0.120%
Break-even: 20.8 days

Slippage unknown: Phemex: live order book, 3 min ago; Lighter: 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 Phemex live order book, 3 min ago	0.97 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	358.14	−1.094%	$4K	$102	12x	as long as short
Bitget AVGOUSDT	−0.0092%	8h	362.22	+0.033%	$7.8M	$4.2M	20x	as long as short
Aster AVGOUSDT	0.0000%	8h	362.28	+0.050%	$905K	$26K	20x	as long as short
Extended AVGO-USD	0.0000%	1h	362.02	−0.021%	$61K	$515K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	362.14	+0.011%	$34.7M	$62.3M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	362.02	−0.022%	$6.6M	$3.2M	50x	as long as short
OKX AVGO-USDT-SWAP	0.0000%	8h	362.13	+0.008%	$10.5M	$15.6M	20x	as long as short
Gate AVGO_USDT	0.0000%	8h	362.09	−0.003%	$6.7M	$6.2M	50x	as long as short
Variational Omni AVGO	0.0000%	8h	361.95	−0.040%	$424K	$304K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	362.12	+0.005%	$3K	$213K	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	362.08	−0.006%	$728	$4.2M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	362.02	−0.022%	$109K	$101K	20x	as long as short
Phemex AVGOUSDTlong	0.0000%	8h	362.10	long leg	$1.5M	$1.6M	10x
Lighter AVGOshort	+0.0032%	1h	361.81	−0.080%	—	—	10x
QFEX AVGO-USD	+0.0043%	1h	361.98	−0.033%	$1.1M	$4.0M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	361.87	−0.064%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	361.78	−0.088%	$492K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	361.81	−0.080%	$275K	$315K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	362.12	+0.006%	$1.1M	$43K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	362.22	+0.033%	$20K	$135K	50x	as long as short
BloFin AVGO-USDT	+0.0120%	8h	362.02	−0.022%	$539K	$310K	20x	as long as short
tradeXYZ xyz:AVGO	+0.0177%	1h	362.18	+0.022%	$24.3M	$14.0M	10x	as long as short
Nado AVGO-PERP	+0.0200%	1h	361.91	−0.053%	$110K	$25K	10x	as long as short
Phoenix AVGO	+0.0375%	1h	361.97	−0.036%	$31K	$18K	10x	as long as short
Paragon para:AVGO	+0.0407%	1h	362.18	+0.022%	$2.5M	$310K	10x	as long as short
edgeX AVGOUSDC	+0.0712%	4h	361.89	−0.057%	$37K	$178K	10x	as long as short