Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0352%/8h= +38.5% APRpaid last 24h +0.101%

Price spread now: Phoenix against Aster−0.029%75s7-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 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day). The two prices were read 75 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	363.37	0	get 0.0000% / 8h	2h 02m	$908K	$26K	20x
Short	Phoenix AVGO	363.26	0.0352	get 0.0044% / 1h	2m 19s	$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 −0.029%Rate

Funding earned: $73.87
Price spread: −0.029% → 0.000%: −$2.9
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $55.97
Costs to cover: 0.150%
Break-even: 1.7 days

Slippage unknown: Aster: live order book, 46 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, 46 min ago	56.30 bp	279.8 bp −$280	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	359.05	−1.188%	$4K	$104	12x	as long as short
Aster AVGOUSDTlong	0.0000%	8h	363.37	long leg	$908K	$26K	20x
Extended AVGO-USD	0.0000%	1h	362.65	−0.196%	$58K	$513K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	362.77	−0.165%	$35.0M	$61.6M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	362.64	−0.200%	$6.6M	$3.1M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	362.81	−0.153%	$6.9M	$6.2M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	362.87	−0.136%	$7.9M	$4.1M	20x	as long as short
Variational Omni AVGO	0.0000%	8h	362.92	−0.124%	$425K	$304K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	363.19	−0.048%	$3K	$213K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	363.14	−0.062%	$487	$4.2M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX AVGO-USDT	0.0000%	8h	362.98	−0.106%	$109K	$101K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	362.89	−0.131%	$1.5M	$1.6M	10x	as long as short
OKX AVGO-USDT-SWAP	+0.0010%	8h	362.83	−0.147%	$10.5M	$15.7M	20x	as long as short
Lighter AVGO	+0.0032%	1h	362.44	−0.255%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0033%	1h	362.69	−0.186%	$1.1M	$4.0M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	362.53	−0.230%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	362.38	−0.271%	$493K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	362.38	−0.271%	$301K	$289K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	362.91	−0.125%	$1.1M	$43K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	363.26	−0.029%	$20K	$134K	50x	as long as short
BloFin AVGO-USDT	+0.0120%	8h	362.91	−0.125%	$535K	$278K	20x	as long as short
tradeXYZ xyz:AVGO	+0.0243%	1h	362.76	−0.167%	$24.3M	$14.0M	10x	as long as short
Nado AVGO-PERP	+0.0247%	1h	362.57	−0.220%	$110K	$25K	10x	as long as short
edgeX AVGOUSDC	+0.0268%	4h	363.02	−0.094%	$37K	$178K	10x	as long as short
Phoenix AVGOshort	+0.0352%	1h	363.26	−0.029%	$31K	$18K	10x
Paragon para:AVGO	+0.0363%	1h	362.95	−0.114%	$2.5M	$310K	10x	as long as short