Funding arb · Price arb /

AVGO

RWAall AVGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against Polymarket Perps+0.107%46s7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.754% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.107%, 7d avg +0.092%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 46 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	Polymarket Perps AVGO-USD	364.80	0.0050	pay 0.0006% / 1h	34m 18s	$496K	$133K	10x
Short	Phemex AVGOUSDT	365.19	0	get 0.0000% / 8h	6h 34m	$1.5M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Polymarket Perps. 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 Polymarket PerpsbpFee PhemexbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$10.5
Price spread: +0.107% → +0.092%: $1.49
Slippage, 4 orders: −$55.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$84.4
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 33 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 Polymarket Perps live order book, 33 min ago	2.73 bp	9.3 bp −$9	9.5 bp −$95	12.3 bp −$1,235	doesn't fit
Sell Phemex live order book, 4 min ago	2.60 bp	30.2 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	361.62	−0.872%	$4K	$102	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	364.85	+0.015%	$912K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	364.93	+0.036%	$6.7M	$3.3M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	364.99	+0.052%	$7.8M	$6.7M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	365.17	+0.101%	$8.0M	$4.0M	20x	as long as short
SunX AVGO-USDT	0.0000%	8h	364.78	−0.005%	$533	$5.0M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.09	+0.079%	$121K	$79K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	365.19	+0.107%	$1.5M	$1.5M	10x
Lighter AVGO	+0.0032%	1h	364.86	+0.016%	—	—	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	364.82	+0.005%	—	$9K	25x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVGO-USDlong	+0.0050%	1h	364.80	long leg	$496K	$133K	10x
Ondo Perps AVGO-USD.P	+0.0050%	1h	364.64	−0.044%	$392K	$320K	10x	as long as short
QFEX AVGO-USD	+0.0061%	1h	365.05	+0.069%	$1.2M	$4.1M	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	365.41	+0.167%	$1.1M	$72K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	364.94	+0.038%	$20K	$141K	50x	as long as short
OKX AVGO-USDT-SWAP	+0.0176%	8h	365.12	+0.088%	$10.7M	$15.4M	20x	as long as short
Variational Omni AVGO	+0.0227%	8h	364.95	+0.042%	$419K	$415K	—	as long as short
Extended AVGO-USD	+0.0232%	1h	364.94	+0.039%	$59K	$430K	10x	as long as short
Binance AVGOUSDT	+0.0234%	8h	365.04	+0.066%	$38.3M	$58.1M	20x	as long as short
GRVT AVGO_USDT_Perp	+0.0241%	8h	365.08	+0.078%	$3K	$214K	10x	as long as short
BloFin AVGO-USDT	+0.0370%	8h	365.99	+0.326%	$550K	$277K	20x	as long as short
Nado AVGO-PERP	+0.0426%	1h	364.87	+0.021%	$108K	$20K	10x	as long as short
Phoenix AVGO	+0.0437%	1h	365.16	+0.099%	$31K	$18K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0449%	1h	365.13	+0.090%	$24.7M	$21.3M	10x	as long as short
Paragon para:AVGO	+0.0550%	1h	365.28	+0.132%	$2.5M	$316K	10x	as long as short
edgeX AVGOUSDC	+0.0940%	4h	365.04	+0.065%	$37K	$176K	10x	as long as short