Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h +0.014%

Price spread now: Variational Omni against Aftermath Perps+0.064%7-day average +0.043% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.064%, 7d avg +0.043%

Together, before fees−0.014%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.022% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.043%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	356.15	0.0015	pay 0.0002% / 1h	29m 31s	$144K	$54K	10x
Short	Variational Omni GOOGL	356.38	0	get 0.0000% / 8h	1h 29m	$4.6M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.064%Rate

Funding earned: −$3.23
Price spread: +0.064% → +0.043%: $2.19
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.04
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: live order book, 55 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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, 55 min ago	6.67 bp	13.6 bp −$14	35.7 bp −$357	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.61 bp	doesn't fit	4.6 bp −$46	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	−0.0024%	1h	356.19	+0.011%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.30	+0.042%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	356.38	+0.064%	$4.6M	$2.5M	—
SunX GOOGL-USDT	0.0000%	8h	356.46	+0.087%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	+0.123%	$114K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.51	+0.101%	$2.7M	$64K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0006%	8h	356.41	+0.073%	$23K	$484K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	356.24	+0.025%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0015%	1h	356.15	long leg	$144K	$54K	10x
Lighter RH GOOGL	+0.0032%	1h	356.48	+0.092%	$1.4M	$2.5M	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	+0.272%	$128K	$45K	30x	as long as short
Bybit GOOGLUSDT	+0.0040%	8h	356.47	+0.090%	$11.5M	$7.7M	100x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.37	+0.061%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.41	+0.073%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.25	+0.028%	$98.0M	$25.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.23	+0.022%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.24	+0.025%	$190	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.05	−0.028%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0059%	8h	356.53	+0.106%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0076%	8h	356.51	+0.101%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0076%	8h	356.34	+0.054%	$292	$253	5x	as long as short
Extended GOOGL-USD	+0.0080%	1h	356.42	+0.076%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0083%	8h	356.50	+0.098%	$73.1M	$142.1M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0083%	8h	356.43	+0.078%	$13.8M	$12.8M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.35	+0.056%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.03	−0.034%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.04	−0.031%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.33	+0.050%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.32	+0.046%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0128%	1h	356.14	−0.003%	$558K	$81K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.29	+0.039%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.25	+0.028%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0199%	8h	356.42	+0.075%	$688K	$235K	20x	as long as short
Lighter GOOGL	+0.0264%	1h	356.47	+0.090%	$2.0M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0368%	1h	356.35	+0.056%	$22K	$151K	10x	as long as short
edgeX GOOGLUSDC	+0.0600%	4h	356.40	+0.069%	$208K	$1.2M	10x	as long as short