Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.051%

Price spread now: Phemex against Aster−0.003%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$950.950% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.003%, 7d avg +0.014%

Together, before fees−0.015%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.11	0.0063	pay 0.0063% / 8h	2h 32m	$365K	$426K	20x
Short	Phemex GOOGLUSDT	357.10	0	get 0.0000% / 4h	2h 32m	$2.7M	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$13.27
Price spread: −0.003% → +0.014%: −$1.7
Slippage, 4 orders: −$74.97
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$109.94
Costs to cover: 0.950%
Break-even: never at this rate

Slippage from Aster: live order book, 14 min ago; Phemex: live order book, 6 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, 14 min ago	3.64 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	1.40 bp	30.2 bp −$30	doesn't fit	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
Gate GOOGL_USDT	0.0000%	8h	356.89	−0.062%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.02	−0.025%	$17.3M	$9.9M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.00	−0.031%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.72	−0.109%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.11	0.000%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	357.10	−0.003%	$2.7M	$87K	10x
GRVT GOOGL_USDT_Perp	+0.0002%	8h	357.10	−0.002%	$23K	$445K	10x	as long as short
Nado GOOGL-PERP	+0.0009%	1h	356.83	−0.077%	$557K	$86K	20x	as long as short
Variational Omni GOOGL	+0.0011%	8h	357.01	−0.028%	$4.7M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.151%	$519K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0025%	1h	356.81	−0.084%	$144K	$47K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0025%	8h	356.94	−0.048%	$13.6M	$12.7M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.01	−0.028%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.003%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.75	−0.101%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.07	−0.011%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	356.94	−0.048%	$1.2M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.76	−0.098%	$98.1M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.76	−0.098%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.73	−0.106%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.59	−0.146%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDTlong	+0.0063%	8h	357.11	long leg	$365K	$426K	20x
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.96	−0.043%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0080%	1h	356.92	−0.054%	$417K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0084%	8h	357.02	−0.026%	$72.1M	$143.6M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.83	−0.078%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.88	−0.064%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.81	−0.084%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.81	−0.084%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.84	−0.076%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.01	−0.028%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.91	−0.056%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.76	−0.098%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0204%	8h	357.03	−0.022%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0218%	8h	357.08	−0.008%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0362%	4h	357.00	−0.032%	$208K	$1.2M	10x	as long as short