GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h +0.006%

Price spread now: Phoenix against Arcus−0.020%49s7-day average +0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.299% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.070%−$7 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.020%, 7d avg +0.004%

Together, before fees−0.066%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.024% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	356.38	0.0250	pay 0.0031% / 1h	24m 20s	$202K	$271K	10x
Short	Phoenix GOOGL	356.31	0.0157	get 0.0020% / 1h	24m 20s	$137K	$48K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Arcus. 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 ArcusbpFee PhoenixbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$19.42
Price spread: −0.020% → +0.004%: −$2.39
Slippage, 4 orders: −$18.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$51.73
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Arcus: live order book, 54 min ago; Phoenix: live order book, 46 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 Arcus live order book, 54 min ago	2.25 bp	5.8 bp −$6	10.7 bp −$107	21.5 bp −$2,154	doesn't fit
Sell Phoenix live order book, 46 min ago	3.09 bp	9.1 bp −$9	19.2 bp −$192	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	356.46	+0.022%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.59	+0.059%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.28	−0.028%	$23K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.64	+0.073%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.66	+0.079%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	+0.006%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.35	−0.007%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.60	+0.062%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.208%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.52	+0.039%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.60	+0.061%	$23K	$472K	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	−0.011%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.33	−0.014%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.14	−0.067%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0052%	1h	356.34	−0.011%	$98.9M	$25.1M	20x	as long as short
Variational Omni GOOGL	+0.0060%	8h	356.59	+0.060%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.52	+0.039%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0091%	8h	356.55	+0.049%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.28	−0.028%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.017%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.32	−0.017%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	+0.022%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.51	+0.035%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0110%	8h	356.73	+0.097%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0115%	1h	356.34	−0.010%	$559K	$82K	20x	as long as short
Bybit GOOGLUSDT	+0.0116%	8h	356.65	+0.076%	$11.5M	$7.8M	100x	as long as short
Bitget GOOGLUSDT	+0.0127%	8h	356.59	+0.059%	$16.8M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.52	+0.039%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0131%	8h	356.59	+0.059%	$73.1M	$142.9M	50x	as long as short
Phoenix GOOGLshort	+0.0157%	1h	356.31	−0.020%	$137K	$48K	20x
Hotstuff GOOGL-PERP	+0.0168%	1h	356.34	−0.011%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0170%	8h	356.65	+0.076%	$13.9M	$12.9M	50x	as long as short
Arcus GOOGL-USDlong	+0.0250%	1h	356.38	long leg	$202K	$271K	10x
BloFin GOOGL-USDT	+0.0252%	8h	356.63	+0.070%	$694K	$236K	20x	as long as short
Lighter GOOGL	+0.0288%	1h	356.57	+0.053%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0842%	4h	356.48	+0.028%	$210K	$1.2M	10x	as long as short