Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.150%

Price spread now: edgeX against Aftermath Perps+0.060%68s7-day average +0.041% · 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—prices read too far apart to compare

costs, in and out, $10k−$420.418% of the position

Long on Aftermath Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.496%+$50 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.060%, 7d avg +0.041%

Together, before fees+0.436%+ Points / potential airdropedgeX: Active · farm board+$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	356.22	0.0016	pay 0.0002% / 1h	16m 12s	$144K	$54K	10x
Short	edgeX GOOGLUSDC	356.43	0.0224	get 0.0112% / 4h	1h 16m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $43.76
Price spread: +0.060% → +0.041%: $1.9
Slippage, 4 orders: −$23.83
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $3.83
Costs to cover: 0.418%
Break-even: 6.4 days

Slippage from Aftermath Perps: live order book, 3 min ago; edgeX: 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, 3 min ago	3.39 bp	17.7 bp −$18	29.8 bp −$298	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.37 bp	8.1 bp −$8	11.3 bp −$113	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.19	−0.008%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.47	+0.071%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.60	+0.107%	$2K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.70	+0.135%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.58	+0.102%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0016%	1h	356.22	long leg	$144K	$54K	10x
Variational Omni GOOGL	+0.0021%	8h	356.43	+0.060%	$4.6M	$2.5M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.63	+0.116%	$1.4M	$2.5M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	356.40	+0.052%	$23K	$481K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.253%	$128K	$45K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOOGL-USD	+0.0045%	1h	356.49	+0.076%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.56	+0.096%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.34	+0.034%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.35	+0.037%	$98.0M	$24.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.33	+0.031%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.37	+0.043%	$183	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.09	−0.036%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0059%	8h	356.63	+0.116%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	356.65	+0.121%	$362K	$455K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.51	+0.081%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0089%	8h	356.62	+0.113%	$16.9M	$9.2M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.49	+0.076%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.13	−0.025%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	−0.005%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.47	+0.071%	$10K	$10K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0101%	8h	356.63	+0.116%	$13.8M	$12.8M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.54	+0.090%	$421K	$1.6M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.44	+0.063%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0106%	8h	356.61	+0.109%	$73.0M	$142.1M	50x	as long as short
Nado GOOGL-PERP	+0.0131%	1h	356.27	+0.016%	$558K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.38	+0.045%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.35	+0.037%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDCshort	+0.0224%	4h	356.43	+0.060%	$208K	$1.2M	10x
BloFin GOOGL-USDT	+0.0225%	8h	356.62	+0.113%	$689K	$235K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0255%	1h	356.42	+0.057%	$22K	$151K	10x	as long as short
Lighter GOOGL	+0.0272%	1h	356.61	+0.110%	$2.0M	$1.0M	20x	as long as short