Funding arb · Price arb /

AVGO

RWAall AVGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: Ondo Perps against Phemex−0.108%7-day average −0.128% · you buy dearer than you sell

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

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.108%, 7d avg −0.128%

Together, before fees+0.087%+ Points / potential airdropOndo Perps: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.021% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVGOUSDT	362.56	0	get 0.0000% / 8h	50m 39s	$1.5M	$1.6M	10x
Short	Ondo Perps AVGO-USD.P	362.17	0.0050	get 0.0006% / 1h	50m 39s	$277K	$317K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phemex. 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 PhemexbpFee Ondo PerpsbpOrdersPrice spread, now −0.108%Rate

Funding earned: $10.58
Price spread: −0.108% → −0.128%: $2.06
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$4.35
Costs to cover: 0.170%
Break-even: 9.9 days

Slippage unknown: Phemex: live order book, 3 min ago; Ondo Perps: 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	0.55 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	358.59	−1.095%	$4K	$101	12x	as long as short
Bitget AVGOUSDT	−0.0053%	8h	362.45	−0.030%	$7.9M	$4.2M	20x	as long as short
Aster AVGOUSDT	0.0000%	8h	362.41	−0.040%	$906K	$12K	20x	as long as short
Extended AVGO-USD	0.0000%	1h	362.25	−0.085%	$58K	$509K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	362.32	−0.066%	$34.7M	$62.5M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	362.22	−0.094%	$6.6M	$3.2M	50x	as long as short
OKX AVGO-USDT-SWAP	0.0000%	8h	362.42	−0.039%	$10.5M	$15.6M	20x	as long as short
Gate AVGO_USDT	0.0000%	8h	362.38	−0.050%	$6.7M	$6.2M	50x	as long as short
Variational Omni AVGO	0.0000%	8h	362.33	−0.062%	$425K	$304K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	362.26	−0.082%	$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	362.11	−0.124%	$674	$4.2M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	362.55	−0.003%	$109K	$102K	20x	as long as short
Phemex AVGOUSDTlong	0.0000%	8h	362.56	long leg	$1.5M	$1.6M	10x
BloFin AVGO-USDT	+0.0018%	8h	362.45	−0.030%	$540K	$311K	20x	as long as short
edgeX AVGOUSDC	+0.0019%	4h	362.38	−0.049%	$37K	$177K	10x	as long as short
Lighter AVGO	+0.0032%	1h	362.00	−0.154%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0033%	1h	362.26	−0.083%	$1.1M	$4.0M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	362.10	−0.127%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	362.04	−0.143%	$492K	$130K	10x	as long as short
Ondo Perps AVGO-USD.Pshort	+0.0050%	1h	362.17	−0.108%	$277K	$317K	10x
KuCoin AVGOUSDTM	+0.0100%	8h	362.14	−0.116%	$1.1M	$43K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	362.48	−0.022%	$20K	$136K	50x	as long as short
Nado AVGO-PERP	+0.0256%	1h	362.14	−0.117%	$110K	$25K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0296%	1h	362.34	−0.061%	$24.3M	$14.0M	10x	as long as short
Phoenix AVGO	+0.0375%	1h	362.65	+0.025%	$31K	$18K	10x	as long as short
Paragon para:AVGO	+0.0385%	1h	362.41	−0.041%	$2.5M	$310K	10x	as long as short