Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.014%

Price spread now: GRVT against Aftermath Perps+0.055%7-day average +0.053% · 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−$42as in the Price arb table

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

Long on Aftermath Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.055%, 7d avg +0.053%

Together, before fees−0.064%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, 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	355.96	0.0017	pay 0.0002% / 1h	9m 14s	$144K	$55K	10x
Short	GRVT GOOGL_USDT_Perp	356.15	0	get 0.0000% / 8h	2h 09m	$23K	$509K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$3.52
Price spread: +0.055% → +0.053%: $0.13
Slippage, 4 orders: −$23.79
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.19
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 15 min ago; GRVT: live order book, 13 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, 15 min ago	6.67 bp	13.6 bp −$14	35.7 bp −$357	doesn't fit	doesn't fit
Sell GRVT live order book, 13 min ago	1.12 bp	7.2 bp −$7	11.7 bp −$117	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	−0.0032%	1h	355.79	−0.048%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.07	+0.031%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.21	+0.070%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.02	+0.017%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.13	+0.047%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perpshort	0.0000%	8h	356.15	+0.055%	$23K	$509K	10x
SunX GOOGL-USDT	0.0000%	8h	356.14	+0.051%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.05	+0.025%	$22K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.20	+0.067%	$114K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.20	+0.067%	$2.7M	$64K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0016%	1h	356.12	+0.045%	$422K	$1.6M	20x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0017%	1h	355.96	long leg	$144K	$55K	10x
Binance GOOGLUSDT	+0.0017%	8h	356.15	+0.053%	$72.8M	$141.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.084%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.326%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0034%	8h	356.15	+0.053%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.05	+0.025%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.26	+0.084%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.98	+0.006%	$97.9M	$25.3M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	356.10	+0.039%	$17.0M	$9.2M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.02	+0.017%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.95	−0.003%	$190	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.77	−0.053%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.12	+0.044%	$292	$253	5x	as long as short
BloFin GOOGL-USDT	+0.0068%	8h	356.15	+0.053%	$689K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	355.95	−0.003%	$202K	$303K	10x	as long as short
Nado GOOGL-PERP	+0.0085%	1h	355.92	−0.010%	$556K	$81K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	355.97	+0.003%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.91	−0.014%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.80	−0.045%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.91	−0.014%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.09	+0.036%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.02	+0.018%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.06	+0.028%	$137K	$48K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	356.23	+0.076%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0193%	4h	356.12	+0.046%	$208K	$1.2M	10x	as long as short