Funding arb · Price arb /

AVGO

RWAall AVGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Phemex−0.126%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.126%, 7d avg −0.092%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.034% cheaper against Phemex than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of −0.092%). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVGOUSDT	365.36	0	get 0.0000% / 8h	6h 42m	$1.5M	$1.5M	10x
Short	Polymarket Perps AVGO-USD	364.90	0.0050	get 0.0006% / 1h	42m 06s	$496K	$133K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.126%Rate

Funding earned: $10.5
Price spread: −0.126% → −0.092%: −$3.39
Slippage, 4 orders: −$55.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$68.64
Costs to cover: 0.758%
Break-even: 52.8 days

Slippage from Phemex: live order book, 1 min ago; Polymarket Perps: live order book, 26 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 Phemex live order book, 1 min ago	5.61 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 26 min ago	2.73 bp	6.7 bp −$7	7.1 bp −$71	9.6 bp −$957	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	362.39	−0.813%	$4K	$100	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	364.98	−0.104%	$912K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	365.01	−0.096%	$6.7M	$3.3M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	365.07	−0.079%	$7.9M	$6.6M	50x	as long as short
SunX AVGO-USDT	0.0000%	8h	364.97	−0.107%	$613	$5.0M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.55	+0.052%	$121K	$79K	20x	as long as short
Phemex AVGOUSDTlong	0.0000%	8h	365.36	long leg	$1.5M	$1.5M	10x
Bitget AVGOUSDT	+0.0024%	8h	365.30	−0.016%	$8.0M	$3.9M	20x	as long as short
Lighter AVGO	+0.0032%	1h	364.85	−0.140%	—	—	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	365.03	−0.090%	—	$9K	25x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVGO-USDshort	+0.0050%	1h	364.90	−0.126%	$496K	$133K	10x
Ondo Perps AVGO-USD.P	+0.0050%	1h	364.90	−0.126%	$402K	$320K	10x	as long as short
QFEX AVGO-USD	+0.0061%	1h	365.13	−0.063%	$1.2M	$4.1M	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	365.44	+0.022%	$1.1M	$72K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	365.67	+0.085%	$20K	$141K	50x	as long as short
OKX AVGO-USDT-SWAP	+0.0179%	8h	365.22	−0.038%	$10.7M	$15.4M	20x	as long as short
Variational Omni AVGO	+0.0243%	8h	365.68	+0.086%	$419K	$414K	—	as long as short
Binance AVGOUSDT	+0.0245%	8h	365.18	−0.050%	$38.5M	$57.7M	20x	as long as short
Extended AVGO-USD	+0.0248%	1h	365.08	−0.076%	$59K	$430K	10x	as long as short
edgeX AVGOUSDC	+0.0291%	4h	365.44	+0.022%	$37K	$177K	10x	as long as short
GRVT AVGO_USDT_Perp	+0.0316%	8h	365.49	+0.036%	$3K	$220K	10x	as long as short
BloFin AVGO-USDT	+0.0370%	8h	365.99	+0.172%	$550K	$277K	20x	as long as short
Nado AVGO-PERP	+0.0422%	1h	364.95	−0.113%	$108K	$20K	10x	as long as short
Phoenix AVGO	+0.0437%	1h	366.10	+0.203%	$31K	$18K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0499%	1h	365.22	−0.038%	$24.7M	$21.3M	10x	as long as short
Paragon para:AVGO	+0.0547%	1h	365.33	−0.008%	$2.5M	$316K	10x	as long as short