Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.016%

Price spread now: Aftermath Perps against Binance−0.168%52s7-day average −0.050% · 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−$360.364% of the position

Long on Binance Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.393%+$39 · spread now −0.168%, 7d avg −0.050%

Together, before fees+0.317%+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aftermath Perps is 0.118% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.050%. The two prices were read 52 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	Binance GOOGLUSDT	358.68	0.0024	pay 0.0024% / 8h	7h 02m	$72.8M	$142.6M	50x
Short	Aftermath Perps GOOGLUSD	358.07	0.0027	get 0.0003% / 1h	2m 37s	$145K	$43K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now −0.168%Rate

Funding earned: $0.72
Price spread: −0.168% → −0.050%: −$11.81
Slippage, 4 orders: −$17.41
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$47.5
Costs to cover: 0.364%
Break-even: 467.1 days

Slippage from Binance: live order book, 11 min ago; Aftermath Perps: live order book, 32 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 Binance live order book, 11 min ago	0.14 bp	5.9 bp −$6	8.2 bp −$82	24.2 bp −$2,421	doesn't fit
Sell Aftermath Perps live order book, 32 min ago	5.30 bp	13.0 bp −$13	27.8 bp −$278	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	−0.0080%	1h	357.26	−0.395%	$513K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.67	−0.002%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.53	−0.041%	$3.7M	$7.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.74	+0.017%	$17.4M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.63	−0.015%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.65	−0.008%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.43	−0.069%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.78	+0.028%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.73	+0.015%	$2.7M	$93K	10x	as long as short
Aster GOOGLUSDT	+0.0007%	8h	358.49	−0.052%	$368K	$423K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDTlong	+0.0024%	8h	358.68	long leg	$72.8M	$142.6M	50x
Extended GOOGL-USD	+0.0024%	1h	358.55	−0.036%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0027%	1h	358.07	−0.168%	$145K	$43K	10x
Lighter RH GOOGL	+0.0032%	1h	358.63	−0.013%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.434%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	358.56	−0.033%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	358.47	−0.058%	$211K	$283K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.82	+0.040%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.47	−0.058%	$98.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.44	−0.066%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.46	−0.061%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.91	−0.214%	$2.3M	$4.0M	15x	as long as short
GRVT GOOGL_USDT_Perp	+0.0055%	8h	358.67	−0.001%	$24K	$449K	10x	as long as short
Nado GOOGL-PERP	+0.0055%	1h	358.61	−0.019%	$551K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0065%	8h	358.69	+0.003%	$11.5M	$7.4M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	358.62	−0.017%	$294	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0079%	8h	358.32	−0.100%	$3.0M	$176K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.42	−0.072%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0094%	8h	358.64	−0.011%	$686K	$237K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.63	−0.014%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.34	−0.094%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.58	−0.027%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.46	−0.061%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	358.47	−0.058%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0184%	1h	358.67	−0.002%	$2.0M	$1.5M	20x	as long as short
edgeX GOOGLUSDC	+0.0699%	4h	358.59	−0.025%	$209K	$1.2M	10x	as long as short