Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.017%

Price spread now: Gate against Aftermath Perps−0.025%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on Aftermath Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.025%, 7d avg +0.039%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.064% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	357.24	0.0027	pay 0.0003% / 1h	54m 01s	$144K	$44K	10x
Short	Gate GOOGL_USDT	357.15	0	get 0.0000% / 8h	7h 54m	$3.6M	$7.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: −$5.74
Price spread: −0.025% → +0.039%: −$6.39
Slippage, 4 orders: −$31.75
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$67.88
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 45 min ago; Gate: live order book, 4 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, 45 min ago	8.66 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.24 bp	14.5 bp −$14	31.9 bp −$319	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	−0.0080%	1h	356.87	−0.103%	$512K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0032%	1h	356.99	−0.070%	$33K	—	20x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.45	+0.059%	$366K	$422K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.35	+0.031%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.23	−0.002%	$13.5M	$12.8M	50x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	357.15	−0.025%	$3.6M	$7.0M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.36	+0.034%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.23	−0.004%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.31	+0.020%	$24K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.20	−0.011%	$2K	$3.9M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.98	−0.072%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.25	+0.003%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.31	+0.020%	$2.7M	$88K	10x	as long as short
Extended GOOGL-USD	+0.0016%	1h	357.24	+0.001%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0019%	8h	357.31	+0.019%	$72.1M	$141.7M	50x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0027%	1h	357.24	long leg	$144K	$44K	10x
Lighter RH GOOGL	+0.0032%	1h	357.16	−0.022%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.033%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.10	−0.039%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.95	−0.081%	$207K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0043%	8h	356.86	−0.106%	$3.0M	$123K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.29	+0.014%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.89	−0.098%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.058%	$128	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.94	−0.084%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.11	−0.037%	$293	$253	5x	as long as short
tradeXYZ xyz:GOOGL	+0.0055%	1h	357.08	−0.044%	$98.3M	$21.2M	20x	as long as short
Nado GOOGL-PERP	+0.0065%	1h	356.99	−0.069%	$549K	$88K	20x	as long as short
BloFin GOOGL-USDT	+0.0082%	8h	357.24	0.000%	$692K	$234K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.89	−0.097%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.08	−0.044%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.11	−0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.12	−0.034%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.19	−0.014%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0216%	1h	357.20	−0.011%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0707%	4h	357.35	+0.030%	$208K	$1.2M	10x	as long as short