Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex−0.101%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Lighter

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

Funding pays, the price is against you. Lighter is 0.101% cheaper against Phemex than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVGOUSDT	365.19	0	get 0.0000% / 8h	6h 34m	$1.5M	$1.5M	10x
Short	Lighter AVGO	364.82	0.0032	get 0.0004% / 1h	34m 52s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.101%Rate

Funding earned: $6.72
Price spread: −0.101% → 0.000%: −$10.13
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.41
Costs to cover: 0.120%
Break-even: 23.1 days

Slippage unknown: Phemex: live order book, 3 min ago; Lighter: 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 Phemex live order book, 3 min ago	2.60 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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 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	361.62	−0.978%	$4K	$102	12x	as long as short
Aster AVGOUSDT	0.0000%	8h	364.84	−0.096%	$912K	$26K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	364.98	−0.058%	$6.7M	$3.3M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	365.06	−0.036%	$7.8M	$6.7M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	365.23	+0.011%	$8.0M	$4.0M	20x	as long as short
SunX AVGO-USDT	0.0000%	8h	364.83	−0.099%	$803	$5.0M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	365.09	−0.027%	$121K	$79K	20x	as long as short
Phemex AVGOUSDTlong	0.0000%	8h	365.19	long leg	$1.5M	$1.5M	10x
Lighter AVGOshort	+0.0032%	1h	364.82	−0.101%	—	—	10x
Vest AVGO-USD-PERP	+0.0046%	1h	364.81	−0.104%	—	$9K	25x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVGO-USD	+0.0050%	1h	364.83	−0.099%	$496K	$133K	10x	as long as short
Ondo Perps AVGO-USD.P	+0.0050%	1h	364.64	−0.151%	$392K	$320K	10x	as long as short
QFEX AVGO-USD	+0.0061%	1h	364.99	−0.055%	$1.2M	$4.1M	10x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	365.41	+0.060%	$1.1M	$72K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	364.94	−0.068%	$20K	$141K	50x	as long as short
OKX AVGO-USDT-SWAP	+0.0177%	8h	365.25	+0.016%	$10.7M	$15.4M	20x	as long as short
Variational Omni AVGO	+0.0227%	8h	364.95	−0.064%	$419K	$415K	—	as long as short
Extended AVGO-USD	+0.0232%	1h	364.98	−0.057%	$59K	$430K	10x	as long as short
Binance AVGOUSDT	+0.0236%	8h	365.12	−0.020%	$38.3M	$58.0M	20x	as long as short
GRVT AVGO_USDT_Perp	+0.0241%	8h	365.08	−0.029%	$3K	$214K	10x	as long as short
BloFin AVGO-USDT	+0.0370%	8h	365.99	+0.219%	$550K	$277K	20x	as long as short
Nado AVGO-PERP	+0.0422%	1h	364.81	−0.105%	$108K	$20K	10x	as long as short
Phoenix AVGO	+0.0437%	1h	365.16	−0.008%	$31K	$18K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0450%	1h	365.17	−0.005%	$24.7M	$21.3M	10x	as long as short
Paragon para:AVGO	+0.0553%	1h	365.14	−0.014%	$2.5M	$316K	10x	as long as short
edgeX AVGOUSDC	+0.0940%	4h	365.04	−0.042%	$37K	$176K	10x	as long as short