Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Phemex against ApeX Omni+0.070%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.070% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni GOOGLUSDT	356.82	0.0100	pay 0.0013% / 1h	24m 59s	$22K	$10K	50x
Short	Phemex GOOGLUSDT	357.07	0	get 0.0000% / 4h	1h 24m	$2.7M	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against ApeX Omni. 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 ApeX OmnibpFee PhemexbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$21
Price spread: +0.070% → 0.000%: $7.01
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$35.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Phemex: live order book, 4 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	0.98 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit

ApeX Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	356.60	−0.062%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.94	+0.034%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.85	+0.008%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.03	+0.059%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.93	+0.032%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.92	+0.028%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.02	+0.056%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.76	−0.017%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.14	+0.090%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	357.07	+0.070%	$2.7M	$87K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0020%	1h	356.64	−0.050%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0025%	8h	357.07	+0.069%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0029%	1h	356.84	+0.004%	$549K	$92K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.93	+0.031%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.084%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.93	+0.031%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.66	−0.045%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.10	+0.078%	—	$5K	25x	as long as short
Binance GOOGLUSDT	+0.0046%	8h	356.98	+0.045%	$72.0M	$143.8M	50x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.89	+0.021%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.80	−0.006%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.80	−0.006%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.83	+0.003%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.60	−0.062%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.97	+0.041%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	356.83	+0.003%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.86	+0.011%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.94	+0.033%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.064%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDTlong	+0.0100%	1h	356.82	long leg	$22K	$10K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.85	+0.008%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.87	+0.013%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0128%	1h	356.97	+0.042%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0152%	8h	356.98	+0.045%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.00	+0.050%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0929%	4h	356.89	+0.018%	$208K	$1.2M	10x	as long as short