Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against ApeX Omni+0.088%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1331.326% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.088%, 7d avg +0.045%

Together, before fees−0.172%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.043% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.045%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVGOUSDT	363.48	0.0100	pay 0.0013% / 1h	5m 20s	$20K	$139K	50x
Short	Phemex AVGOUSDT	363.80	0	get 0.0000% / 8h	6h 05m	$1.5M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against ApeX Omni. 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 ApeX OmnibpFee PhemexbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$21
Price spread: +0.088% → +0.045%: $4.34
Slippage, 4 orders: −$110.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$149.31
Costs to cover: 1.326%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 43 min ago; Phemex: live order book, 1 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 ApeX Omni live order book, 43 min ago	27.34 bp	38.7 bp −$39	209.8 bp −$2,098	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	4.53 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit

AVGO on 26 exchanges

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
Aster AVGOUSDT	0.0000%	8h	363.20	−0.076%	$912K	$16K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	363.75	+0.074%	$6.6M	$3.2M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	364.06	+0.160%	$6.7M	$6.8M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	363.94	+0.127%	$7.9M	$4.2M	20x	as long as short
SunX AVGO-USDT	0.0000%	8h	363.45	−0.008%	$749	$3.7M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	364.08	+0.165%	$102K	$98K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	363.80	+0.088%	$1.5M	$1.6M	10x
Variational Omni AVGO	+0.0026%	8h	364.11	+0.173%	$428K	$290K	—	as long as short
QFEX AVGO-USD	+0.0031%	1h	364.03	+0.151%	$1.2M	$4.0M	10x	as long as short
Lighter AVGO	+0.0032%	1h	363.35	−0.036%	—	—	10x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest AVGO-USD-PERP	+0.0046%	1h	363.67	+0.052%	—	$9K	25x	as long as short
Extended AVGO-USD	+0.0048%	1h	363.71	+0.064%	$60K	$465K	10x	as long as short
Binance AVGOUSDT	+0.0050%	8h	363.75	+0.074%	$34.3M	$64.9M	20x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	363.89	+0.113%	$495K	$131K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	362.66	−0.226%	$277K	$318K	10x	as long as short
BloFin AVGO-USDT	+0.0064%	8h	363.78	+0.083%	$550K	$325K	20x	as long as short
OKX AVGO-USDT-SWAP	+0.0085%	8h	363.92	+0.121%	$10.6M	$15.4M	20x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	363.57	+0.025%	$1.1M	$185K	20x	as long as short
ApeX Omni AVGOUSDTlong	+0.0100%	1h	363.48	long leg	$20K	$139K	50x
edgeX AVGOUSDC	+0.0201%	4h	363.28	−0.055%	$37K	$177K	10x	as long as short
Injective AVGO/USDC PERP	+0.0220%	1h	361.32	−0.594%	$2K	$2K	12x	as long as short
Paragon para:AVGO	+0.0249%	1h	363.62	+0.039%	$2.5M	$295K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0347%	1h	363.82	+0.094%	$24.3M	$13.9M	10x	as long as short
Phoenix AVGO	+0.0353%	1h	364.16	+0.187%	$31K	$18K	10x	as long as short
Nado AVGO-PERP	+0.0407%	1h	363.73	+0.068%	$110K	$25K	10x	as long as short
GRVT AVGO_USDT_Perp	+0.0478%	8h	363.41	−0.019%	$4K	$214K	10x	as long as short