Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h −0.091%

Price spread now: Phemex against Nado+0.037%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.192%−$19 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.037%, 7d avg +0.082%

Together, before fees−0.134%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phemex is 0.045% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVGO-PERP	365.10	0.0305	pay 0.0038% / 1h	39m 41s	$111K	$25K	10x
Short	Phemex AVGOUSDT	365.24	0	get 0.0000% / 8h	3h 39m	$1.5M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Nado. 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 NadobpFee PhemexbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$64.06
Price spread: +0.037% → +0.082%: −$4.45
Slippage, 4 orders: −$99.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$187.28
Costs to cover: 1.188%
Break-even: never at this rate

Slippage from Nado: live order book, 13 min ago; Phemex: live order book, 3 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 Nado live order book, 13 min ago	6.42 bp	38.7 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.82 bp	29.5 bp −$29	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	362.94	−0.593%	$4K	$101	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	365.10	−0.002%	$912K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	365.03	−0.020%	$6.7M	$3.0M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	365.23	+0.034%	$7.1M	$5.9M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	365.31	+0.056%	$8.0M	$3.9M	20x	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	365.55	+0.121%	$4K	$198K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	365.18	+0.021%	$946	$4.3M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.53	+0.117%	$116K	$88K	20x	as long as short
Phemex AVGOUSDTshort	0.0000%	8h	365.24	+0.037%	$1.5M	$1.5M	10x
Variational Omni AVGO	+0.0019%	8h	365.33	+0.062%	$424K	$303K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVGO	+0.0032%	1h	364.83	−0.075%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0034%	1h	365.23	+0.034%	$1.1M	$3.8M	10x	as long as short
Binance AVGOUSDT	+0.0039%	8h	365.12	+0.003%	$36.2M	$58.3M	20x	as long as short
Extended AVGO-USD	+0.0040%	1h	365.14	+0.009%	$59K	$425K	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	365.19	+0.024%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	364.98	−0.034%	$496K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	365.42	+0.087%	$324K	$260K	10x	as long as short
OKX AVGO-USDT-SWAP	+0.0092%	8h	365.21	+0.029%	$10.7M	$15.2M	20x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	365.54	+0.119%	$1.1M	$50K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	365.77	+0.182%	$20K	$137K	50x	as long as short
BloFin AVGO-USDT	+0.0160%	8h	365.40	+0.081%	$547K	$275K	20x	as long as short
tradeXYZ xyz:AVGO	+0.0177%	1h	365.01	−0.026%	$24.5M	$13.8M	10x	as long as short
Nado AVGO-PERPlong	+0.0305%	1h	365.10	long leg	$111K	$25K	10x
Phoenix AVGO	+0.0349%	1h	365.80	+0.191%	$31K	$18K	10x	as long as short
Paragon para:AVGO	+0.0621%	1h	365.29	+0.051%	$2.6M	$294K	10x	as long as short
edgeX AVGOUSDC	+0.0636%	4h	365.57	+0.127%	$37K	$176K	10x	as long as short