Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0375%/8h= +41.0% APRpaid last 24h +0.101%

Price spread now: Phoenix against Aster−0.022%55s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.022% cheaper against Aster than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$11 a day). The two prices were read 55 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	Aster AVGOUSDT	362.78	0	get 0.0000% / 8h	1h 16m	$907K	$12K	20x
Short	Phoenix AVGO	362.70	0.0375	get 0.0047% / 1h	16m 24s	$31K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now −0.022%Rate

Funding earned: $78.67
Price spread: −0.022% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $61.42
Costs to cover: 0.150%
Break-even: 1.5 days

Slippage unknown: Aster: live order book, 26 min ago; Phoenix: no order-book sample. 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 Aster live order book, 26 min ago	46.91 bp	51.2 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	358.14	−1.279%	$4K	$102	12x	as long as short
Bitget AVGOUSDT	−0.0077%	8h	362.63	−0.042%	$7.9M	$4.2M	20x	as long as short
Aster AVGOUSDTlong	0.0000%	8h	362.78	long leg	$907K	$12K	20x
Extended AVGO-USD	0.0000%	1h	362.43	−0.096%	$61K	$510K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	362.55	−0.064%	$34.7M	$62.4M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	362.41	−0.102%	$6.6M	$3.2M	50x	as long as short
OKX AVGO-USDT-SWAP	0.0000%	8h	362.63	−0.042%	$10.5M	$15.7M	20x	as long as short
Gate AVGO_USDT	0.0000%	8h	362.55	−0.064%	$6.7M	$6.2M	50x	as long as short
Variational Omni AVGO	0.0000%	8h	362.48	−0.085%	$425K	$303K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	362.38	−0.111%	$3K	$214K	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX AVGO-USDT	0.0000%	8h	362.42	−0.100%	$696	$4.2M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	362.34	−0.122%	$109K	$101K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	362.68	−0.028%	$1.5M	$1.6M	10x	as long as short
BloFin AVGO-USDT	+0.0014%	8h	362.63	−0.042%	$536K	$311K	20x	as long as short
Lighter AVGO	+0.0032%	1h	362.33	−0.124%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0043%	1h	362.51	−0.075%	$1.1M	$4.0M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	362.33	−0.124%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	362.20	−0.160%	$492K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	362.12	−0.182%	$276K	$316K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	362.44	−0.094%	$1.1M	$43K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	362.30	−0.133%	$20K	$135K	50x	as long as short
Nado AVGO-PERP	+0.0231%	1h	362.37	−0.113%	$110K	$25K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0232%	1h	362.64	−0.039%	$24.3M	$14.0M	10x	as long as short
Paragon para:AVGO	+0.0364%	1h	362.66	−0.034%	$2.5M	$310K	10x	as long as short
Phoenix AVGOshort	+0.0375%	1h	362.70	−0.022%	$31K	$18K	10x
edgeX AVGOUSDC	+0.0640%	4h	362.33	−0.124%	$37K	$178K	10x	as long as short