Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.048%

Price spread now: Aftermath Perps against Bybit−0.078%7-day average −0.071% · 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−$43as in the Price arb table

costs, in and out, $10k−$420.425% of the position

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now −0.078%, 7d avg −0.071%

Together, before fees−0.095%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.53	0.0055	pay 0.0055% / 8h	1h 20m	$11.5M	$7.7M	100x
Short	Aftermath Perps GOOGLUSD	356.25	0.0016	get 0.0002% / 1h	20m 03s	$144K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$8.15
Price spread: −0.078% → −0.071%: −$0.66
Slippage, 4 orders: −$22.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$51.3
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Aftermath Perps: live order book, 64 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 Bybit live order book, 3 min ago	0.28 bp	8.6 bp −$9	13.4 bp −$134	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 64 min ago	6.67 bp	11.2 bp −$11	21.1 bp −$211	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	−0.0024%	1h	356.19	−0.095%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.35	−0.050%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.47	−0.017%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	+0.017%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.51	−0.006%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0016%	1h	356.25	−0.078%	$144K	$54K	10x
Variational Omni GOOGL	+0.0021%	8h	356.43	−0.028%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	356.47	−0.017%	$23K	$484K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0031%	1h	356.28	−0.070%	$22K	$151K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.56	+0.008%	$1.4M	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.165%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.38	−0.042%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.40	−0.036%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.26	−0.076%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.25	−0.079%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.101%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0051%	1h	356.24	−0.081%	$98.1M	$24.9M	20x	as long as short
Bybit GOOGLUSDTlong	+0.0055%	8h	356.53	long leg	$11.5M	$7.7M	100x
Hotstuff GOOGL-PERP	+0.0064%	1h	356.24	−0.081%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0079%	8h	356.61	+0.022%	$362K	$455K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.42	−0.030%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0088%	8h	356.47	−0.017%	$16.9M	$9.2M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0096%	8h	356.51	−0.006%	$13.8M	$12.8M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.36	−0.048%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.06	−0.132%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.05	−0.135%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.41	−0.034%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0103%	8h	356.46	−0.019%	$73.0M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.40	−0.037%	$421K	$1.6M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.37	−0.045%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0134%	1h	356.22	−0.086%	$557K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.36	−0.048%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.28	−0.070%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	356.54	+0.003%	$691K	$235K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.51	−0.006%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0988%	4h	356.48	−0.014%	$208K	$1.2M	10x	as long as short