Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.012%

Price spread now: Injective against Aster+0.354%107s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as 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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)−0.221%−$22 · spread now +0.354%, 7d avg +0.044%

Together, before fees−0.235%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.310% dearer against Aster than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.044%. The two prices were read 107 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	Aster GOOGLUSDT	355.86	0	get 0.0000% / 8h	2h 21m	$361K	$455K	20x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	21m 31s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.354%Rate

Funding earned: $7
Price spread: +0.354% → +0.044%: $30.96
Slippage, 4 orders: −$43.35
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$13.41
Costs to cover: 0.514%
Break-even: 20.4 days

Slippage from Aster: live order book, 66 min ago; Injective: live order book, 2 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, 66 min ago	2.95 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 2 min ago	9.40 bp	10.8 bp −$11	10.8 bp −$108	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-INTX	−0.0032%	1h	355.76	−0.029%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDTlong	0.0000%	8h	355.86	long leg	$361K	$455K	20x
Extended GOOGL-USD	0.0000%	1h	356.09	+0.065%	$422K	$1.6M	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.16	+0.084%	$11.5M	$7.7M	100x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	355.89	+0.008%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.08	+0.061%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	355.97	+0.031%	$4.3M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.01	+0.043%	$23K	$511K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.03	+0.047%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	355.88	+0.005%	$23K	$150K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	356.10	+0.067%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.07	+0.059%	$2.7M	$63K	10x	as long as short
Binance GOOGLUSDT	0.0000%	8h	356.15	+0.082%	$72.6M	$141.3M	50x	as long as short
BloFin GOOGL-USDT	+0.0002%	8h	355.98	+0.033%	$688K	$235K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0014%	8h	356.23	+0.104%	$13.8M	$12.9M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	355.96	+0.028%	$144K	$55K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.08	+0.061%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	+0.354%	$128K	$45K	30x
Bitget GOOGLUSDT	+0.0041%	8h	356.26	+0.112%	$17.0M	$9.1M	100x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.00	+0.039%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.11	+0.070%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.96	+0.028%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	355.94	+0.022%	$682K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.90	+0.011%	$192	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.91	+0.014%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	356.05	+0.053%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0063%	1h	355.86	−0.002%	$556K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	355.93	+0.019%	$202K	$303K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.83	−0.009%	$43K	$42K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.64	−0.062%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.85	−0.003%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	355.92	+0.016%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	355.86	−0.001%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.87	+0.002%	$137K	$48K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	356.09	+0.064%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0226%	4h	356.01	+0.042%	$207K	$1.2M	10x	as long as short