Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0449%/8h= +49.2% APRpaid last 24h +0.062%

Price spread now: tradeXYZ against Phemex−0.014%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Phemex Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now −0.014%, 7d avg −0.099%

Together, before fees+0.092%+ Points / potential airdroptradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and tradeXYZ is 0.086% dearer against Phemex than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.099%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% 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	Phemex AVGOUSDT	364.93	0	get 0.0000% / 8h	6h 34m	$1.5M	$1.5M	10x
Short	tradeXYZ xyz:AVGO	364.88	0.0449	get 0.0056% / 1h	34m 04s	$24.7M	$21.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.014%Rate

Funding earned: $94.32
Price spread: −0.014% → −0.099%: $8.57
Slippage, 4 orders: −$50.84
Fee Phemex: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $22.05
Costs to cover: 0.808%
Break-even: 5.4 days

Slippage from Phemex: live order book, 4 min ago; tradeXYZ: live order book, 4 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, 4 min ago	2.60 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.82 bp	10.9 bp −$11	16.5 bp −$165	doesn't fit	doesn't fit

AVGO on 25 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	361.62	−0.907%	$4K	$102	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	364.84	−0.024%	$912K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	364.78	−0.041%	$6.7M	$3.3M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	364.95	+0.005%	$7.8M	$6.7M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	365.13	+0.055%	$8.0M	$4.0M	20x	as long as short
SunX AVGO-USDT	0.0000%	8h	364.78	−0.041%	$533	$5.0M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.09	+0.044%	$121K	$79K	20x	as long as short
Phemex AVGOUSDTlong	0.0000%	8h	364.93	long leg	$1.5M	$1.5M	10x
Lighter AVGO	+0.0032%	1h	364.75	−0.049%	—	—	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	364.82	−0.030%	—	$9K	25x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVGO-USD	+0.0050%	1h	364.80	−0.036%	$496K	$133K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	364.64	−0.079%	$392K	$320K	10x	as long as short
QFEX AVGO-USD	+0.0061%	1h	365.05	+0.033%	$1.2M	$4.1M	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	365.33	+0.110%	$1.1M	$72K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	364.94	+0.003%	$20K	$141K	50x	as long as short
OKX AVGO-USDT-SWAP	+0.0176%	8h	365.01	+0.022%	$10.7M	$15.4M	20x	as long as short
Variational Omni AVGO	+0.0227%	8h	364.95	+0.007%	$419K	$415K	—	as long as short
Extended AVGO-USD	+0.0232%	1h	364.94	+0.004%	$59K	$430K	10x	as long as short
Binance AVGOUSDT	+0.0234%	8h	364.86	−0.019%	$38.3M	$58.1M	20x	as long as short
GRVT AVGO_USDT_Perp	+0.0241%	8h	365.08	+0.042%	$3K	$214K	10x	as long as short
Nado AVGO-PERP	+0.0426%	1h	364.87	−0.015%	$108K	$20K	10x	as long as short
Phoenix AVGO	+0.0437%	1h	365.16	+0.063%	$31K	$18K	10x	as long as short
tradeXYZ xyz:AVGOshort	+0.0449%	1h	364.88	−0.014%	$24.7M	$21.3M	10x
Paragon para:AVGO	+0.0550%	1h	365.28	+0.096%	$2.5M	$316K	10x	as long as short
edgeX AVGOUSDC	+0.0940%	4h	365.04	+0.030%	$37K	$176K	10x	as long as short