Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.039%

Price spread now: Bybit against Aftermath Perps+0.066%7-day average +0.072% · 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−$47as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Aftermath Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.066%, 7d avg +0.072%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: +$6 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	357.51	0.0021	pay 0.0003% / 1h	0m 38s	$144K	$47K	10x
Short	Bybit GOOGLUSDT	357.75	0.0232	get 0.0232% / 8h	3h 00m	$12.0M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $44.15
Price spread: +0.066% → +0.072%: −$0.57
Slippage, 4 orders: −$26.59
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$3.01
Costs to cover: 0.466%
Break-even: 7.5 days

Slippage from Aftermath Perps: live order book, 53 min ago; Bybit: 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 Aftermath Perps live order book, 53 min ago	4.00 bp	11.2 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.42 bp	8.5 bp −$9	10.6 bp −$106	doesn't fit	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
Gate GOOGL_USDT	0.0000%	8h	357.53	+0.005%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.69	+0.049%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.65	+0.038%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.38	−0.037%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.80	+0.080%	$115K	$216K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.68	+0.047%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERP	+0.0003%	1h	357.51	−0.001%	$558K	$86K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	−0.090%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0021%	1h	357.51	long leg	$144K	$47K	10x
GRVT GOOGL_USDT_Perp	+0.0023%	8h	357.66	+0.041%	$24K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0024%	8h	357.59	+0.022%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.62	+0.030%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.110%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.35	−0.046%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.75	+0.066%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.004%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.42	−0.026%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.45	−0.018%	$160	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.27	−0.068%	$2.3M	$4.9M	15x	as long as short
OKX GOOGL-USDT-SWAP	+0.0061%	8h	357.62	+0.030%	$13.7M	$12.5M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	357.68	+0.047%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.52	+0.002%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	357.60	+0.025%	$366K	$426K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.60	+0.023%	$419K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0096%	8h	357.66	+0.041%	$72.4M	$142.9M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.51	−0.002%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.004%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.43	−0.023%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.51	−0.001%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.50	−0.003%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0152%	1h	357.42	−0.026%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.54	+0.008%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0184%	1h	357.66	+0.041%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0219%	8h	357.65	+0.038%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDTshort	+0.0232%	8h	357.75	+0.066%	$12.0M	$7.5M	100x
edgeX GOOGLUSDC	+0.0950%	4h	357.56	+0.012%	$208K	$1.2M	10x	as long as short