Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.013%

Price spread now: KuCoin against Aftermath Perps+0.005%45s7-day average −0.020% · 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−$2342.338% of the position

Long on Aftermath Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.005%, 7d avg −0.020%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.025% dearer against Aftermath Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.020%. The two prices were read 45 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	357.13	0.0030	pay 0.0004% / 1h	45m 29s	$144K	$48K	10x
Short	KuCoin GOOGLUSDTM	357.15	0.0100	get 0.0100% / 8h	3h 45m	$3.0M	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.005%Rate

Funding earned: $14.68
Price spread: +0.005% → −0.020%: $2.47
Slippage, 4 orders: −$212.78
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$216.64
Costs to cover: 2.338%
Break-even: 110.3 days

Slippage from Aftermath Perps: live order book, 9 min ago; KuCoin: live order book, 2 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, 9 min ago	4.00 bp	11.2 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	6.30 bp	88.8 bp −$89	doesn't fit	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	357.32	+0.052%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.47	+0.094%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.41	+0.077%	$797	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.14	+0.002%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.59	+0.128%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.44	+0.086%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.057%	$522K	$1.1M	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	+0.073%	$4.8M	$2.4M	—	as long as short
Aftermath Perps GOOGLUSDlong	+0.0030%	1h	357.13	long leg	$144K	$48K	10x
Lighter RH GOOGL	+0.0032%	1h	357.48	+0.097%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.004%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0036%	8h	357.25	+0.033%	$23K	$435K	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.09	−0.012%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.50	+0.103%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0047%	1h	357.27	+0.037%	$557K	$80K	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.23	+0.027%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.18	+0.013%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.07	−0.018%	$2.3M	$4.8M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0052%	1h	357.27	+0.038%	$99.1M	$20.5M	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.34	+0.058%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0088%	8h	357.56	+0.118%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	+0.083%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	357.15	+0.005%	$3.0M	$91K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.19	+0.016%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.19	+0.016%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.27	+0.037%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.47	+0.094%	$72.5M	$141.4M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0110%	8h	357.45	+0.089%	$13.8M	$12.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.36	+0.063%	$422K	$1.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0115%	8h	357.39	+0.072%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	357.23	+0.027%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.20	+0.019%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	357.22	+0.024%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	357.57	+0.122%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.47	+0.094%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0629%	4h	357.18	+0.012%	$208K	$1.2M	10x	as long as short