Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.040%

Price spread now: GRVT against tradeXYZ−0.048%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.304%+$30 · spread now −0.048%, 7d avg +0.084%

Together, before fees+0.292%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GRVT is 0.132% cheaper against tradeXYZ than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.084%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% 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	tradeXYZ xyz:AVGO	362.55	0.0316	pay 0.0040% / 1h	48m 57s	$24.3M	$14.0M	10x
Short	GRVT AVGO_USDT_Perp	362.38	0	get 0.0000% / 8h	48m 57s	$4K	$214K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against tradeXYZ. 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 tradeXYZbpFee GRVTbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$66.4
Price spread: −0.048% → +0.084%: −$13.18
Slippage, 4 orders: −$14.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$120.81
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; GRVT: live order book, 53 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 tradeXYZ live order book, 10 min ago	0.97 bp	10.7 bp −$11	15.9 bp −$159	doesn't fit	doesn't fit
Sell GRVT live order book, 53 min ago	0.14 bp	13.2 bp −$13	20.6 bp −$206	doesn't fit	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	358.59	−1.092%	$4K	$101	12x	as long as short
Bitget AVGOUSDT	−0.0052%	8h	362.68	+0.036%	$7.9M	$4.2M	20x	as long as short
Aster AVGOUSDT	0.0000%	8h	362.73	+0.049%	$906K	$12K	20x	as long as short
Extended AVGO-USD	0.0000%	1h	362.53	−0.005%	$58K	$509K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	362.63	+0.023%	$34.7M	$62.5M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	362.51	−0.011%	$6.6M	$3.2M	50x	as long as short
OKX AVGO-USDT-SWAP	0.0000%	8h	362.68	+0.036%	$10.5M	$15.7M	20x	as long as short
Gate AVGO_USDT	0.0000%	8h	362.62	+0.019%	$6.7M	$6.2M	50x	as long as short
Variational Omni AVGO	0.0000%	8h	362.33	−0.059%	$425K	$304K	—	as long as short
GRVT AVGO_USDT_Perpshort	0.0000%	8h	362.38	−0.048%	$4K	$214K	10x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AVGO-USDT	0.0000%	8h	362.29	−0.072%	$609	$4.2M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	362.99	+0.121%	$109K	$102K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	362.70	+0.041%	$1.5M	$1.6M	10x	as long as short
BloFin AVGO-USDT	+0.0027%	8h	362.50	−0.014%	$541K	$311K	20x	as long as short
Lighter AVGO	+0.0032%	1h	362.18	−0.102%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0033%	1h	362.46	−0.025%	$1.1M	$4.0M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	362.20	−0.097%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	362.19	−0.099%	$492K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	362.17	−0.105%	$277K	$317K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	362.35	−0.055%	$1.1M	$43K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	362.34	−0.058%	$20K	$137K	50x	as long as short
edgeX AVGOUSDC	+0.0136%	4h	362.37	−0.048%	$37K	$177K	10x	as long as short
Nado AVGO-PERP	+0.0268%	1h	362.29	−0.072%	$110K	$25K	10x	as long as short
tradeXYZ xyz:AVGOlong	+0.0316%	1h	362.55	long leg	$24.3M	$14.0M	10x
Phoenix AVGO	+0.0375%	1h	362.62	+0.019%	$31K	$18K	10x	as long as short
Paragon para:AVGO	+0.0393%	1h	362.58	+0.008%	$2.5M	$310K	10x	as long as short