Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0249%/8h= +27.3% APRpaid last 24h +0.071%

Price spread now: Phoenix against KuCoin−0.104%108s7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Funding pays, the price is against you. Phoenix is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 33 hours of funding at the current rate (+$7 a day). The two prices were read 108 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	KuCoin AVGOUSDTM	364.56	0.0100	pay 0.0100% / 8h	3h 05m	$1.1M	$50K	20x
Short	Phoenix AVGO	364.18	0.0349	get 0.0044% / 1h	5m 44s	$31K	$18K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now −0.104%Rate

Funding earned: $52.32
Price spread: −0.104% → 0.000%: −$10.42
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $22.89
Costs to cover: 0.190%
Break-even: 3.9 days

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	12.76 bp	98.7 bp −$99	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	360.96	−0.987%	$4K	$104	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	364.94	+0.103%	$912K	$26K	20x	as long as short
Extended AVGO-USD	0.0000%	1h	364.29	−0.075%	$60K	$452K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	364.39	−0.047%	$35.9M	$59.2M	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	364.29	−0.074%	$6.6M	$3.0M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	364.38	−0.049%	$7.0M	$6.0M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	364.48	−0.022%	$8.0M	$4.0M	20x	as long as short
Variational Omni AVGO	0.0000%	8h	364.49	−0.021%	$427K	$307K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	364.20	−0.099%	$3K	$205K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	364.40	−0.044%	$547	$4.3M	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	364.00	−0.154%	$112K	$101K	20x	as long as short
Phemex AVGOUSDT	0.0000%	8h	364.57	+0.003%	$1.5M	$1.5M	10x	as long as short
Lighter AVGO	+0.0032%	1h	364.01	−0.151%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0034%	1h	364.30	−0.071%	$1.1M	$3.9M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	364.12	−0.121%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	364.07	−0.134%	$495K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	364.14	−0.115%	$323K	$259K	10x	as long as short
OKX AVGO-USDT-SWAP	+0.0058%	8h	364.52	−0.011%	$10.6M	$15.3M	20x	as long as short
KuCoin AVGOUSDTMlong	+0.0100%	8h	364.56	long leg	$1.1M	$50K	20x
ApeX Omni AVGOUSDT	+0.0100%	1h	364.25	−0.085%	$20K	$136K	50x	as long as short
BloFin AVGO-USDT	+0.0105%	8h	364.33	−0.063%	$543K	$277K	20x	as long as short
tradeXYZ xyz:AVGO	+0.0184%	1h	364.31	−0.069%	$24.4M	$13.9M	10x	as long as short
Nado AVGO-PERP	+0.0276%	1h	364.22	−0.092%	$111K	$25K	10x	as long as short
Phoenix AVGOshort	+0.0349%	1h	364.18	−0.104%	$31K	$18K	10x
edgeX AVGOUSDC	+0.0431%	4h	364.14	−0.114%	$37K	$177K	10x	as long as short
Paragon para:AVGO	+0.0522%	1h	364.01	−0.151%	$2.5M	$310K	10x	as long as short