Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Phemex against Lighter+0.074%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.074% dearer against Lighter than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVGO	365.05	0.0032	pay 0.0004% / 1h	47m 49s	—	—	10x
Short	Phemex AVGOUSDT	365.32	0	get 0.0000% / 8h	5h 47m	$1.5M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Lighter. 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 LighterbpFee PhemexbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$6.72
Price spread: +0.074% → 0.000%: $7.4
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$11.32
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Phemex: live order book, 5 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	1.64 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit

Lighter: 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 25 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	361.29	−1.030%	$4K	$100	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	365.12	+0.018%	$912K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	365.19	+0.038%	$6.7M	$3.4M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	365.26	+0.058%	$7.2M	$6.3M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	365.44	+0.107%	$8.1M	$4.0M	20x	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	365.42	+0.102%	$3K	$203K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	365.48	+0.118%	$881	$4.8M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.26	+0.058%	$121K	$80K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	365.32	+0.074%	$1.5M	$1.5M	10x
QFEX AVGO-USD	+0.0016%	1h	365.22	+0.047%	$1.2M	$4.0M	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVGOlong	+0.0032%	1h	365.05	long leg	—	—	10x
Vest AVGO-USD-PERP	+0.0046%	1h	365.06	+0.003%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	364.98	−0.019%	$496K	$133K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	365.25	+0.055%	$324K	$273K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	365.16	+0.030%	$1.1M	$69K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	365.22	+0.047%	$20K	$141K	50x	as long as short
OKX AVGO-USDT-SWAP	+0.0133%	8h	365.38	+0.090%	$10.6M	$15.5M	20x	as long as short
Variational Omni AVGO	+0.0135%	8h	365.37	+0.086%	$420K	$300K	—	as long as short
Extended AVGO-USD	+0.0144%	1h	365.21	+0.045%	$63K	$429K	10x	as long as short
Binance AVGOUSDT	+0.0146%	8h	365.31	+0.071%	$36.7M	$60.5M	20x	as long as short
tradeXYZ xyz:AVGO	+0.0204%	1h	365.26	+0.058%	$24.6M	$21.4M	10x	as long as short
Nado AVGO-PERP	+0.0279%	1h	365.15	+0.026%	$108K	$21K	10x	as long as short
Paragon para:AVGO	+0.0287%	1h	365.31	+0.071%	$2.5M	$314K	10x	as long as short
edgeX AVGOUSDC	+0.0335%	4h	365.36	+0.085%	$37K	$177K	10x	as long as short
Phoenix AVGO	+0.0416%	1h	365.35	+0.082%	$31K	$18K	10x	as long as short