Funding arb · Price arb /

AVGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: Ondo Perps against Phemex−0.359%7-day average −0.129% · you buy dearer than you sell

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

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.359%, 7d avg −0.129%

Together, before fees+0.314%+ Points / potential airdropOndo Perps: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.231% cheaper against Phemex than usual: you would sell low and buy high (spread −0.359% now, against its 7-day average of −0.129%). If the spread goes back, that is −$23 on $10k: about 15 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVGOUSDT	364.42	0	get 0.0000% / 8h	6h 00m	$1.5M	$1.6M	10x
Short	Ondo Perps AVGO-USD.P	363.11	0.0050	get 0.0006% / 1h	0m 04s	$277K	$318K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.359%Rate

Funding earned: $10.58
Price spread: −0.359% → −0.129%: −$23.09
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$29.51
Costs to cover: 0.170%
Break-even: 26.5 days

Slippage unknown: Phemex: live order book, 1 min ago; Ondo Perps: 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, 1 min ago	5.49 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 exchanges

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
Aster AVGOUSDT	0.0000%	8h	364.10	−0.087%	$914K	$16K	20x	as long as short
Bybit AVGOUSDT	0.0000%	8h	364.39	−0.008%	$6.6M	$3.2M	50x	as long as short
Gate AVGO_USDT	0.0000%	8h	364.37	−0.014%	$6.7M	$6.8M	50x	as long as short
Bitget AVGOUSDT	0.0000%	8h	364.53	+0.030%	$7.9M	$4.2M	20x	as long as short
SunX AVGO-USDT	0.0000%	8h	364.12	−0.082%	$626	$3.7M	10x	as long as short
HTX AVGO-USDT	0.0000%	8h	364.50	+0.022%	$99K	$104K	20x	as long as short
Phemex AVGOUSDTlong	0.0000%	8h	364.42	long leg	$1.5M	$1.6M	10x
QFEX AVGO-USD	+0.0031%	1h	364.26	−0.044%	$1.2M	$4.0M	10x	as long as short
Lighter AVGO	+0.0032%	1h	364.06	−0.099%	—	—	10x	as long as short
Vest AVGO-USD-PERP	+0.0046%	1h	363.98	−0.121%	—	$9K	25x	as long as short

Show all 26 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AVGO	+0.0049%	8h	364.14	−0.075%	$428K	$290K	—	as long as short
Polymarket Perps AVGO-USD	+0.0050%	1h	364.25	−0.047%	$496K	$131K	10x	as long as short
Ondo Perps AVGO-USD.Pshort	+0.0050%	1h	363.11	−0.359%	$277K	$318K	10x
Binance AVGOUSDT	+0.0069%	8h	364.46	+0.011%	$34.3M	$65.0M	20x	as long as short
BloFin AVGO-USDT	+0.0070%	8h	364.07	−0.096%	$550K	$325K	20x	as long as short
Extended AVGO-USD	+0.0072%	1h	364.37	−0.014%	$60K	$465K	10x	as long as short
OKX AVGO-USDT-SWAP	+0.0094%	8h	364.46	+0.011%	$10.6M	$15.5M	20x	as long as short
KuCoin AVGOUSDTM	+0.0100%	8h	364.14	−0.077%	$1.1M	$190K	20x	as long as short
ApeX Omni AVGOUSDT	+0.0100%	1h	363.87	−0.151%	$20K	$139K	50x	as long as short
Injective AVGO/USDC PERP	+0.0220%	1h	361.32	−0.851%	$2K	$2K	12x	as long as short
Paragon para:AVGO	+0.0279%	1h	364.00	−0.115%	$2.5M	$295K	10x	as long as short
tradeXYZ xyz:AVGO	+0.0328%	1h	364.24	−0.049%	$24.4M	$13.9M	10x	as long as short
Phoenix AVGO	+0.0353%	1h	364.16	−0.071%	$31K	$18K	10x	as long as short
Nado AVGO-PERP	+0.0406%	1h	364.12	−0.084%	$110K	$25K	10x	as long as short
GRVT AVGO_USDT_Perp	+0.0493%	8h	363.56	−0.235%	$4K	$214K	10x	as long as short
edgeX AVGOUSDC	+0.0935%	4h	363.95	−0.128%	$37K	$177K	10x	as long as short