Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.041%

Price spread now: Coinbase International against Aster−0.212%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.212%, 7d avg −0.139%

Together, before fees+0.097%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.073% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.139%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.36	0.0013	pay 0.0013% / 8h	39m 39s	$365K	$424K	20x
Short	Coinbase International GOOGL-PERP-INTX	356.60	−0.0048	pay 0.0006% / 1h	39m 39s	$511K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.212%Rate

Funding earned: −$12.81
Price spread: −0.212% → −0.139%: −$7.27
Slippage, 4 orders: −$39.04
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$77.11
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Aster: live order book, 63 min ago; Coinbase International: live order book, 4 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, 63 min ago	13.99 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.66 bp	8.3 bp −$8	10.6 bp −$106	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-INTXshort	−0.0048%	1h	356.60	−0.212%	$511K	$1.1M	10x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.38	+0.006%	$13.6M	$12.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.30	−0.016%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.45	+0.026%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.43	+0.019%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.45	+0.025%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.49	+0.037%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.29	−0.019%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.54	+0.051%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.48	+0.034%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0010%	1h	357.25	−0.031%	$549K	$91K	20x	as long as short
Aster GOOGLUSDTlong	+0.0013%	8h	357.36	long leg	$365K	$424K	20x
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.23	−0.035%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.31	−0.013%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.28	−0.022%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.067%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.26	−0.027%	$1.3M	$4.2M	10x	as long as short
Binance GOOGLUSDT	+0.0035%	8h	357.36	+0.001%	$72.1M	$143.4M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.14	−0.061%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.50	+0.040%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.21	−0.041%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.16	−0.055%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.18	−0.050%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.22	−0.039%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.09	−0.075%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.26	−0.027%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0064%	8h	356.89	−0.131%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.08	−0.078%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.17	−0.053%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.30	−0.016%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.34	−0.006%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	357.40	+0.012%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.13	−0.064%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0133%	8h	357.42	+0.017%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.38	+0.006%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.42	+0.017%	$208K	$1.2M	10x	as long as short