Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.037%

Price spread now: Binance against Aftermath Perps+0.046%7-day average +0.050% · 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−$39as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Aftermath Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.046%, 7d avg +0.050%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	356.60	0.0022	pay 0.0003% / 1h	32m 24s	$144K	$46K	10x
Short	Binance GOOGLUSDT	356.76	0.0050	get 0.0050% / 8h	1h 32m	$71.9M	$143.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath Perps. 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now +0.046%Rate

Funding earned: $5.89
Price spread: +0.046% → +0.050%: −$0.36
Slippage, 4 orders: −$19.55
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.02
Costs to cover: 0.386%
Break-even: 46.2 days

Slippage from Aftermath Perps: live order book, 12 min ago; Binance: live order book, 11 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 Aftermath Perps live order book, 12 min ago	3.14 bp	18.2 bp −$18	27.9 bp −$279	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.14 bp	5.6 bp −$6	7.3 bp −$73	21.6 bp −$2,164	doesn't fit

GOOGL on 36 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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	+0.001%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.67	+0.021%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.62	+0.007%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.80	+0.057%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.61	+0.005%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.77	+0.049%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.74	+0.041%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.48	−0.032%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.82	+0.063%	$114K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.035%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSDlong	+0.0022%	1h	356.60	long leg	$144K	$46K	10x
Aster GOOGLUSDT	+0.0029%	8h	356.87	+0.076%	$365K	$424K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.71	+0.032%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.147%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.71	+0.032%	$1.2M	$4.2M	10x	as long as short
Nado GOOGL-PERP	+0.0040%	1h	356.59	−0.003%	$548K	$92K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.45	−0.041%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.83	+0.066%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.66	+0.018%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.58	−0.004%	$98.0M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.58	−0.004%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.53	−0.018%	$157	$46K	10x	as long as short
Binance GOOGLUSDTshort	+0.0050%	8h	356.76	+0.046%	$71.9M	$143.9M	50x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.32	−0.077%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.72	+0.034%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.58	−0.004%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.50	−0.027%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.58	−0.004%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.001%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.49	−0.029%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.59	−0.001%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.60	+0.002%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0144%	1h	356.73	+0.038%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0164%	8h	356.74	+0.041%	$11.6M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0171%	8h	356.76	+0.046%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0221%	4h	356.65	+0.016%	$208K	$1.2M	10x	as long as short