Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.090%

Price spread now: Phemex against Nado+0.040%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1131.134% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.188%−$19 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.040%, 7d avg +0.081%

Together, before fees−0.137%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Phemex is 0.041% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVGO-PERP	366.56	0.0280	pay 0.0035% / 1h	9m 18s	$111K	$25K	10x
Short	Phemex AVGOUSDT	366.71	0	get 0.0000% / 8h	4h 09m	$1.5M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Nado. 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 NadobpFee PhemexbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$58.8
Price spread: +0.040% → +0.081%: −$4.1
Slippage, 4 orders: −$94.44
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$176.34
Costs to cover: 1.134%
Break-even: never at this rate

Slippage from Nado: live order book, 48 min ago; Phemex: 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 Nado live order book, 48 min ago	7.37 bp	35.5 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.91 bp	30.1 bp −$30	doesn't fit	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	362.96	−0.983%	$4K	$103	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	366.56	−0.002%	$916K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	366.69	+0.035%	$6.7M	$3.0M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	366.77	+0.057%	$7.1M	$6.1M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	366.83	+0.073%	$8.1M	$3.9M	20x	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	366.56	−0.002%	$3K	$196K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	366.60	+0.010%	$235	$4.3M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	366.65	+0.024%	$116K	$88K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	366.71	+0.040%	$1.5M	$1.5M	10x
Lighter AVGO	+0.0032%	1h	366.44	−0.033%	—	—	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX AVGO-USD	+0.0039%	1h	366.68	+0.032%	$1.1M	$3.8M	10x	as long as short
Variational Omni AVGO	+0.0045%	8h	366.51	−0.013%	$426K	$302K	—	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	366.54	−0.006%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	366.38	−0.050%	$498K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	366.01	−0.151%	$325K	$259K	10x	as long as short
Extended AVGO-USD	+0.0056%	1h	366.69	+0.036%	$59K	$424K	10x	as long as short
Binance AVGOUSDT	+0.0058%	8h	366.80	+0.063%	$36.4M	$58.0M	20x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	366.59	+0.007%	$1.1M	$55K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	366.39	−0.047%	$20K	$138K	50x	as long as short
OKX AVGO-USDT-SWAP	+0.0107%	8h	366.81	+0.067%	$10.6M	$15.1M	20x	as long as short
BloFin AVGO-USDT	+0.0180%	8h	366.50	−0.017%	$544K	$275K	20x	as long as short
tradeXYZ xyz:AVGO	+0.0199%	1h	366.73	+0.046%	$24.7M	$13.7M	10x	as long as short
Nado AVGO-PERPlong	+0.0280%	1h	366.56	long leg	$111K	$25K	10x
Phoenix AVGO	+0.0350%	1h	366.57	+0.002%	$31K	$18K	10x	as long as short
Paragon para:AVGO	+0.0492%	1h	366.45	−0.031%	$2.6M	$294K	10x	as long as short
edgeX AVGOUSDC	+0.0946%	4h	366.45	−0.031%	$37K	$176K	10x	as long as short