Funding arb · Price arb /

GOOGL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0918%/8h= +100.5% APRpaid last 24h +0.158%

Price spread now: edgeX against Aster−0.006%50s7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.514% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.006%, 7d avg −0.021%

Together, before fees−0.115%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.84	0.0049	pay 0.0049% / 8h	5h 28m	$367K	$420K	20x
Short	edgeX GOOGLUSDC	357.81	0.0967	get 0.0483% / 4h	1h 28m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.006%Rate

Funding earned: $192.83
Price spread: −0.006% → −0.021%: $1.51
Slippage, 4 orders: −$34.38
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $142.96
Costs to cover: 0.514%
Break-even: 1.8 days

Slippage from Aster: live order book, 17 min ago; edgeX: live order book, 3 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, 17 min ago	2.51 bp	27.9 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.35 bp	8.1 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	−0.1600%	1h	353.83	−1.120%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.33	−0.141%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.75	−0.024%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.80	−0.010%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.69	−0.041%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.82	−0.005%	$17.4M	$10.0M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.82	−0.004%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.87	+0.009%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.95	+0.032%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.09	+0.071%	$2.7M	$116K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.64	−0.056%	$144K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.81	−0.007%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.200%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.80	−0.010%	—	$5K	25x	as long as short
Aster GOOGLUSDTlong	+0.0049%	8h	357.84	long leg	$367K	$420K	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.083%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.71	−0.035%	$685K	$426K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.57	−0.074%	$107	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.50	−0.094%	$2.3M	$4.0M	15x	as long as short
GRVT GOOGL_USDT_Perp	+0.0054%	8h	357.91	+0.021%	$12K	$467K	10x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.77	−0.018%	$1.2M	$4.1M	10x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.72	−0.032%	$428K	$2.4M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.83	−0.002%	$73.2M	$146.3M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	357.66	−0.049%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.42	−0.116%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.41	−0.119%	$3.0M	$276K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	−0.083%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.79	−0.013%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.70	−0.037%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0114%	1h	357.57	−0.074%	$552K	$83K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.69	−0.041%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.78	−0.016%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0184%	8h	357.88	+0.012%	$693K	$232K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.55	−0.080%	$212K	$226K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0281%	1h	357.72	−0.032%	$29K	$151K	10x	as long as short
edgeX GOOGLUSDCshort	+0.0967%	4h	357.81	−0.006%	$208K	$1.2M	10x