Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.049%

Price spread now: OKX against Aftermath Perps+0.092%7-day average +0.065% · 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−$34as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Aftermath Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.092%, 7d avg +0.065%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.027% dearer against Aftermath Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	357.59	0.0005	pay 0.0001% / 1h	8m 11s	$144K	$49K	10x
Short	OKX GOOGL-USDT-SWAP	357.92	0.0105	get 0.0105% / 8h	5h 08m	$13.8M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $21
Price spread: +0.092% → +0.065%: $2.72
Slippage, 4 orders: −$18.04
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$13.32
Costs to cover: 0.370%
Break-even: 11.4 days

Slippage from Aftermath Perps: live order book, 56 min ago; OKX: live order book, 5 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, 56 min ago	4.28 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.14 bp	6.0 bp −$6	10.3 bp −$103	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
Hotstuff GOOGL-PERP	−0.0064%	1h	357.69	+0.028%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.037%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0024%	1h	357.64	+0.015%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.83	+0.067%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.88	+0.079%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.95	+0.100%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.96	+0.103%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.00	+0.114%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.06	+0.131%	$2.7M	$80K	10x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0005%	1h	357.59	long leg	$144K	$49K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0020%	8h	357.70	+0.030%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.88	+0.081%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.91	+0.089%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.132%	$128K	$45K	30x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.86	+0.076%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0040%	8h	357.93	+0.095%	$73.0M	$141.3M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.64	+0.014%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.88	+0.081%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.70	+0.030%	$99.1M	$21.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	+0.025%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.72	+0.036%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.57	−0.006%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.84	+0.069%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0063%	8h	357.98	+0.109%	$17.5M	$9.6M	100x	as long as short
Bybit GOOGLUSDT	+0.0076%	8h	358.05	+0.128%	$11.9M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.89	+0.084%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.025%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.59	0.000%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.66	+0.019%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.78	+0.053%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAPshort	+0.0105%	8h	357.92	+0.092%	$13.8M	$12.4M	50x
Phoenix GOOGL	+0.0112%	1h	357.80	+0.058%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0160%	8h	358.01	+0.117%	$696K	$234K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	357.94	+0.098%	$2.1M	$1.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0309%	1h	357.80	+0.058%	$24K	$154K	10x	as long as short
edgeX GOOGLUSDC	+0.0539%	4h	357.87	+0.079%	$209K	$1.2M	10x	as long as short