Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0056%/8h= −6.2% APRpaid last 24h −0.034%

Price spread now: Aftermath Perps against Aster−0.003%7-day average −0.063% · 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−$55as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Aster Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.003%, 7d avg −0.063%

Together, before fees−0.116%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aftermath Perps is 0.060% dearer against Aster than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.063%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	356.72	0.0065	pay 0.0065% / 8h	6h 25m	$365K	$458K	20x
Short	Aftermath Perps GOOGLUSD	356.71	0.0009	get 0.0001% / 1h	25m 28s	$144K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Aster. 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 AsterbpFee Aftermath PerpsbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$11.84
Price spread: −0.003% → −0.063%: $5.96
Slippage, 4 orders: −$43.56
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$66.43
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from Aster: live order book, 42 min ago; Aftermath Perps: live order book, 44 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 Aster live order book, 42 min ago	3.09 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 44 min ago	4.22 bp	9.7 bp −$10	29.8 bp −$298	doesn't fit	doesn't fit

GOOGL on 35 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	356.53	−0.054%	$533K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0006%	1h	356.65	−0.019%	$556K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.76	+0.011%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.86	+0.040%	$23K	$438K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.82	+0.027%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.61	−0.031%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.92	+0.055%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.00	+0.078%	$2.7M	$70K	10x	as long as short
Bitget GOOGLUSDT	+0.0001%	8h	356.85	+0.036%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGL	+0.0008%	8h	356.78	+0.015%	$4.8M	$2.4M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSDshort	+0.0009%	1h	356.71	−0.003%	$144K	$51K	10x
Lighter RH GOOGL	+0.0032%	1h	356.86	+0.039%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.112%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.72	−0.001%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.66	−0.017%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.87	+0.041%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.70	−0.006%	$98.7M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.54	−0.051%	$684K	$434K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.67	−0.015%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.48	−0.068%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	356.78	+0.015%	$293	$253	5x	as long as short
Aster GOOGLUSDTlong	+0.0065%	8h	356.72	long leg	$365K	$458K	20x
Hotstuff GOOGL-PERP	+0.0072%	1h	356.70	−0.006%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0080%	1h	356.84	+0.033%	$2.0M	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0085%	8h	356.81	+0.025%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.72	0.000%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.90	+0.050%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.58	−0.039%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.42	−0.085%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.80	+0.022%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.69	−0.009%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.71	−0.004%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0136%	8h	356.93	+0.058%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0181%	8h	356.86	+0.039%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0681%	4h	356.84	+0.033%	$208K	$1.2M	10x	as long as short