Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.017%

Price spread now: SunX against Aftermath Perps−0.023%7-day average +0.059% · 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−$131as in the Price arb table

costs, in and out, $10k−$1231.231% of the position

Long on Aftermath Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.023%, 7d avg +0.059%

Together, before fees+0.198%+$20 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 SunX is 0.082% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	356.90	0.0031	pay 0.0004% / 1h	25m 49s	$144K	$44K	10x
Short	SunX GOOGL-USDT	356.82	0	get 0.0000% / 8h	7h 25m	$1K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$6.46
Price spread: −0.023% → +0.059%: −$8.23
Slippage, 4 orders: −$106.13
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$137.82
Costs to cover: 1.231%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 8 min ago; SunX: live order book, 3 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, 8 min ago	5.30 bp	11.8 bp −$12	28.2 bp −$282	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	44.69 bp	49.2 bp −$49	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
Coinbase International GOOGL-PERP-INTX	−0.0080%	1h	357.11	+0.058%	$518K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.98	+0.023%	$366K	$423K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.71	−0.054%	$11.5M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.66	−0.068%	$13.5M	$13.2M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.57	−0.093%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.78	−0.034%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.29	+0.108%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.38	+0.134%	$23K	$435K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	356.82	−0.023%	$1K	$3.9M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.67	−0.065%	$24K	$149K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	356.98	+0.022%	$114K	$209K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.93	+0.008%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0012%	8h	356.80	−0.028%	$72.3M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0016%	1h	356.70	−0.057%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0031%	1h	356.90	long leg	$144K	$44K	10x
Lighter RH GOOGL	+0.0032%	1h	356.69	−0.059%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.061%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.78	−0.034%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.60	−0.085%	$209K	$280K	10x	as long as short
Nado GOOGL-PERP	+0.0042%	1h	356.64	−0.073%	$549K	$88K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.92	+0.005%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.46	−0.124%	$98.0M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.62	−0.079%	$684K	$414K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.57	−0.093%	$122	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.54	−0.101%	$2.2M	$4.1M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	356.75	−0.041%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0058%	8h	356.74	−0.045%	$3.0M	$153K	20x	as long as short
BloFin GOOGL-USDT	+0.0060%	8h	356.87	−0.009%	$687K	$233K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	356.57	−0.093%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.14	+0.067%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.64	−0.075%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.10	+0.055%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.77	−0.037%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.73	−0.049%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0192%	1h	356.80	−0.029%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0403%	4h	357.32	+0.116%	$208K	$1.2M	10x	as long as short