Funding arb · Price arb /

AVGO

RWAall AVGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.071%

Price spread now: OKX against Phoenix+0.036%86s7-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 OKX

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—needs both histories

The price spread pays, funding is against you. OKX is 0.036% dearer against Phoenix than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AVGO	365.34	0.0437	pay 0.0055% / 1h	56m 01s	$31K	$18K	10x
Short	OKX AVGO-USDT-SWAP	365.47	0.0136	get 0.0136% / 8h	5h 56m	$10.6M	$15.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$63.29
Price spread: +0.036% → 0.000%: $3.56
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$76.73
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.27 bp	9.1 bp −$9	23.7 bp −$237	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 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	361.28	−1.111%	$4K	$99	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	365.15	−0.053%	$913K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	365.26	−0.022%	$6.7M	$3.4M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	365.35	+0.003%	$7.2M	$6.3M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	365.54	+0.055%	$8.1M	$4.0M	20x	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	365.02	−0.087%	$3K	$205K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	365.41	+0.019%	$720	$4.8M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.29	−0.014%	$121K	$80K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	365.43	+0.025%	$1.5M	$1.5M	10x	as long as short
QFEX AVGO-USD	+0.0016%	1h	365.28	−0.016%	$1.2M	$4.0M	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVGO	+0.0032%	1h	365.11	−0.063%	—	—	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	365.10	−0.066%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	365.01	−0.090%	$496K	$133K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	364.92	−0.115%	$324K	$273K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	365.22	−0.033%	$1.1M	$69K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	365.21	−0.036%	$20K	$141K	50x	as long as short
OKX AVGO-USDT-SWAPshort	+0.0136%	8h	365.47	+0.036%	$10.6M	$15.5M	20x
Variational Omni AVGO	+0.0140%	8h	365.36	+0.005%	$419K	$300K	—	as long as short
Binance AVGOUSDT	+0.0151%	8h	365.37	+0.009%	$36.8M	$60.5M	20x	as long as short
Extended AVGO-USD	+0.0152%	1h	365.31	−0.008%	$59K	$429K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0211%	1h	365.33	−0.003%	$24.6M	$21.4M	10x	as long as short
Nado AVGO-PERP	+0.0280%	1h	365.20	−0.039%	$108K	$21K	10x	as long as short
Paragon para:AVGO	+0.0308%	1h	365.38	+0.011%	$2.5M	$315K	10x	as long as short
Phoenix AVGOlong	+0.0437%	1h	365.34	long leg	$31K	$18K	10x
edgeX AVGOUSDC	+0.0529%	4h	365.09	−0.068%	$37K	$177K	10x	as long as short