Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.036%

Price spread now: QFEX against Aster−0.007%53s7-day average −0.019% · 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—prices read too far apart to compare

costs, in and out, $10k−$470.467% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.007%, 7d avg −0.019%

Together, before fees−0.071%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.12	0.0048	pay 0.0048% / 8h	6h 03m	$365K	$458K	20x
Short	QFEX GOOGL-USD	357.10	0.0039	get 0.0005% / 1h	3m 41s	$1.3M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$1.86
Price spread: −0.007% → −0.019%: $1.18
Slippage, 4 orders: −$28.66
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$47.33
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from Aster: live order book, 64 min ago; QFEX: live order book, 5 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, 64 min ago	3.09 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.82 bp	6.8 bp −$7	8.2 bp −$82	13.3 bp −$1,325	doesn't fit

GOOGL on 35 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
Deribit GOOGL_USDC-PERPETUAL	−0.0142%	1h	356.90	−0.063%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0027%	1h	357.08	−0.013%	$557K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.86	−0.074%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.09	−0.010%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.13	+0.002%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.20	+0.020%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.20	+0.021%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.33	+0.058%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.26	+0.038%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0008%	1h	357.05	−0.021%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDT	+0.0020%	8h	357.14	+0.004%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.21	+0.024%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.001%	$128K	$45K	30x	as long as short
QFEX GOOGL-USDshort	+0.0039%	1h	357.10	−0.007%	$1.3M	$4.4M	10x
Arcus GOOGL-USD	+0.0040%	1h	356.95	−0.049%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.30	+0.049%	—	$5K	25x	as long as short
Aster GOOGLUSDTlong	+0.0048%	8h	357.12	long leg	$365K	$458K	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.02	−0.029%	$98.9M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	−0.060%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.026%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.80	−0.091%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.21	+0.024%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0064%	8h	357.23	+0.030%	$11.6M	$7.4M	100x	as long as short
Binance GOOGLUSDT	+0.0068%	8h	357.18	+0.015%	$72.8M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.12	−0.002%	$421K	$1.8M	20x	as long as short
Lighter GOOGL	+0.0088%	1h	357.21	+0.024%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.02	−0.029%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.97	−0.042%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.81	−0.088%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.00	−0.035%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.08	−0.012%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.06	−0.018%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0154%	8h	357.18	+0.016%	$13.8M	$12.4M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0184%	1h	357.04	−0.024%	$33K	—	20x	as long as short
edgeX GOOGLUSDC	+0.0570%	4h	357.13	0.000%	$208K	$1.2M	10x	as long as short