Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0352%/8h= −38.5% APRpaid last 24h −0.101%

Price spread now: Aster against Phoenix+0.196%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.196% dearer against Phoenix than usual: you sell high and buy low (spread +0.196% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AVGO	362.78	0.0352	pay 0.0044% / 1h	17m 12s	$31K	$18K	10x
Short	Aster AVGOUSDT	363.49	0	get 0.0000% / 8h	2h 17m	$908K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phoenix. 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 PhoenixbpFee AsterbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$73.87
Price spread: +0.196% → 0.000%: $19.56
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$69.32
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; Aster: live order book, 31 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aster live order book, 31 min ago	56.30 bp	80.3 bp −$80	doesn't fit	doesn't fit	doesn't fit

Phoenix: 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	359.20	−0.987%	$4K	$102	12x	as long as short
Aster AVGOUSDTshort	0.0000%	8h	363.49	+0.196%	$908K	$26K	20x
Extended AVGO-USD	0.0000%	1h	362.75	−0.008%	$58K	$511K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	362.78	0.000%	$35.1M	$61.3M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	362.61	−0.047%	$6.6M	$3.1M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	362.82	+0.011%	$6.9M	$6.1M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	362.89	+0.030%	$7.9M	$4.1M	20x	as long as short
Variational Omni AVGO	0.0000%	8h	362.71	−0.018%	$425K	$304K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	362.63	−0.041%	$3K	$212K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	363.11	+0.091%	$802	$4.3M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AVGO-USDT	0.0000%	8h	362.93	+0.041%	$109K	$101K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	362.93	+0.041%	$1.5M	$1.6M	10x	as long as short
OKX AVGO-USDT-SWAP	+0.0006%	8h	362.87	+0.025%	$10.5M	$15.6M	20x	as long as short
Lighter AVGO	+0.0032%	1h	362.49	−0.080%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0033%	1h	362.79	+0.003%	$1.1M	$4.0M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	362.48	−0.083%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	362.46	−0.088%	$493K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	362.40	−0.105%	$300K	$289K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	362.95	+0.047%	$1.1M	$44K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	362.77	−0.003%	$20K	$135K	50x	as long as short
BloFin AVGO-USDT	+0.0120%	8h	362.76	−0.006%	$538K	$278K	20x	as long as short
tradeXYZ xyz:AVGO	+0.0225%	1h	362.82	+0.011%	$24.3M	$13.9M	10x	as long as short
Nado AVGO-PERP	+0.0230%	1h	362.58	−0.056%	$110K	$25K	10x	as long as short
Phoenix AVGOlong	+0.0352%	1h	362.78	long leg	$31K	$18K	10x
Paragon para:AVGO	+0.0386%	1h	362.83	+0.014%	$2.5M	$310K	10x	as long as short
edgeX AVGOUSDC	+0.0546%	4h	362.61	−0.047%	$37K	$177K	10x	as long as short