Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h −0.014%

Price spread now: Deribit against Aster−0.069%7-day average −0.054% · 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−$46as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.071%+$7 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.069%, 7d avg −0.054%

Together, before fees+0.154%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.071% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	356.76	0.0103	pay 0.0103% / 8h	47m 37s	$362K	$455K	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.51	0.0367	get 0.0046% / 1h	47m 37s	$22K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.069%Rate

Funding earned: $55.44
Price spread: −0.069% → −0.054%: −$1.56
Slippage, 4 orders: −$28.98
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $9.9
Costs to cover: 0.440%
Break-even: 5.8 days

Slippage from Aster: live order book, 30 min ago; Deribit: live order book, 31 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, 30 min ago	3.22 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 31 min ago	0.14 bp	10.9 bp −$11	13.5 bp −$135	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
Hotstuff GOOGL-PERP	−0.0008%	1h	356.43	−0.092%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.54	−0.061%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	−0.041%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.023%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.69	−0.019%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.28	−0.134%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.43	−0.091%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.71	−0.013%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.102%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0045%	8h	356.59	−0.047%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GOOGL-USD-PERP	+0.0046%	1h	356.58	−0.050%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0047%	8h	356.59	−0.047%	$4.7M	$2.6M	—	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.51	−0.069%	$98.2M	$24.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.45	−0.086%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.44	−0.089%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.125%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.58	−0.050%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.62	−0.039%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0087%	8h	356.73	−0.008%	$11.5M	$7.7M	100x	as long as short
Nado GOOGL-PERP	+0.0095%	1h	356.31	−0.124%	$559K	$82K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.32	−0.123%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.29	−0.131%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.38	−0.106%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.52	−0.066%	$10K	$10K	20x	as long as short
Aster GOOGLUSDTlong	+0.0103%	8h	356.76	long leg	$362K	$455K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.53	−0.063%	$25K	—	10x	as long as short
Bitget GOOGLUSDT	+0.0109%	8h	356.69	−0.019%	$16.9M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.63	−0.035%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0124%	8h	356.69	−0.019%	$73.0M	$142.6M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0132%	8h	356.77	+0.004%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	−0.097%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0243%	8h	356.61	−0.041%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.48	−0.078%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0319%	4h	356.59	−0.047%	$208K	$1.2M	10x	as long as short
Lighter GOOGL	+0.0320%	1h	356.75	−0.002%	$2.1M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	+0.0367%	1h	356.51	−0.069%	$22K	$151K	10x