Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.017%

Price spread now: Phemex against Aftermath Perps+0.087%7-day average +0.077% · 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−$87as in the Price arb table

costs, in and out, $10k−$880.881% of the position

Long on Aftermath Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.087%, 7d avg +0.077%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.077%, so right now this pair is about funding alone: $0 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	356.13	0.0015	pay 0.0002% / 1h	30m 05s	$144K	$52K	10x
Short	Phemex GOOGLUSDT	356.44	0	get 0.0000% / 4h	3h 30m	$2.7M	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$3.09
Price spread: +0.087% → +0.077%: $1.02
Slippage, 4 orders: −$67.08
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$90.16
Costs to cover: 0.881%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 44 min ago; Phemex: 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, 44 min ago	3.88 bp	14.7 bp −$15	21.6 bp −$216	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	1.96 bp	29.4 bp −$29	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	356.32	+0.054%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.39	+0.074%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.43	+0.084%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.20	+0.020%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.46	+0.093%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	356.44	+0.087%	$2.7M	$66K	10x
Aftermath Perps GOOGLUSDlong	+0.0015%	1h	356.13	long leg	$144K	$52K	10x
Hotstuff GOOGL-PERP	+0.0024%	1h	356.22	+0.025%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0032%	1h	356.34	+0.059%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.40	+0.076%	$1.4M	$2.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.078%	$528K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.278%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0041%	1h	356.18	+0.016%	$558K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.43	+0.084%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.31	+0.051%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.22	+0.025%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.22	+0.025%	$172	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.10	−0.008%	$2.2M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0053%	8h	356.39	+0.073%	$4.8M	$2.3M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.37	+0.068%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0080%	8h	356.37	+0.066%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0086%	8h	356.47	+0.096%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0097%	8h	356.53	+0.113%	$364K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.19	+0.016%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.97	−0.045%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	+0.020%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.21	+0.023%	$10K	$10K	20x	as long as short
Bybit GOOGLUSDT	+0.0101%	8h	356.50	+0.104%	$11.5M	$7.7M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.27	+0.040%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0118%	8h	356.54	+0.115%	$72.9M	$142.2M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.47	+0.094%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.21	+0.023%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0193%	8h	356.53	+0.112%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0239%	8h	356.47	+0.096%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.19	+0.017%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0581%	4h	356.41	+0.079%	$209K	$1.2M	10x	as long as short