Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Phemex−0.055%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.055%, 7d avg −0.086%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.031% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVGOUSDT	362.46	0	get 0.0000% / 8h	2h 26m	$1.5M	$1.6M	10x
Short	Bybit AVGOUSDT	362.26	0	get 0.0000% / 8h	2h 26m	$6.6M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. 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 PhemexbpFee BybitbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.086%: $3.13
Slippage, 4 orders: −$55.7
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$75.57
Costs to cover: 0.787%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Bybit: 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 Phemex live order book, 1 min ago	2.35 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.24 bp	9.4 bp −$9	32.3 bp −$323	442.4 bp −$44.2K	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	359.20	−0.899%	$4K	$102	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	363.13	+0.184%	$907K	$26K	20x	as long as short
Extended AVGO-USD	0.0000%	1h	362.30	−0.045%	$58K	$511K	10x	as long as short
Binance AVGOUSDT	0.0000%	8h	362.40	−0.017%	$35.0M	$61.1M	20x	as long as short
Bybit AVGOUSDTshort	0.0000%	8h	362.26	−0.055%	$6.6M	$3.1M	50x
Gate AVGO_USDT	0.0000%	8h	362.41	−0.014%	$6.9M	$6.1M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	362.47	+0.003%	$7.9M	$4.1M	20x	as long as short
Variational Omni AVGO	0.0000%	8h	362.47	+0.003%	$425K	$304K	—	as long as short
GRVT AVGO_USDT_Perp	0.0000%	8h	362.59	+0.035%	$4K	$212K	10x	as long as short
SunX AVGO-USDT	0.0000%	8h	362.59	+0.036%	$627	$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	362.41	−0.014%	$109K	$101K	20x	as long as short
Phemex AVGOUSDTlong	0.0000%	8h	362.46	long leg	$1.5M	$1.6M	10x
OKX AVGO-USDT-SWAP	+0.0002%	8h	362.39	−0.019%	$10.5M	$15.5M	20x	as long as short
Lighter AVGO	+0.0032%	1h	362.13	−0.091%	—	—	10x	as long as short
QFEX AVGO-USD	+0.0033%	1h	362.26	−0.055%	$1.1M	$3.9M	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	362.11	−0.097%	—	$9K	25x	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	361.98	−0.132%	$492K	$130K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	362.14	−0.088%	$299K	$288K	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	362.69	+0.063%	$1.1M	$44K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	362.61	+0.041%	$20K	$135K	50x	as long as short
BloFin AVGO-USDT	+0.0120%	8h	362.40	−0.017%	$541K	$277K	20x	as long as short
Nado AVGO-PERP	+0.0203%	1h	362.18	−0.076%	$110K	$25K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0205%	1h	362.36	−0.028%	$24.2M	$13.9M	10x	as long as short
Phoenix AVGO	+0.0352%	1h	362.80	+0.094%	$31K	$18K	10x	as long as short
Paragon para:AVGO	+0.0382%	1h	362.62	+0.044%	$2.5M	$310K	10x	as long as short
edgeX AVGOUSDC	+0.0550%	4h	362.59	+0.036%	$37K	$176K	10x	as long as short