Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.029%

Price spread now: Aster against Deribit+0.163%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.163%, 7d avg +0.056%

Together, before fees−0.226%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.107% dearer against Deribit than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of +0.056%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.04	0.0086	pay 0.0011% / 1h	9m 47s	$29K	$144K	10x
Short	Aster GOOGLUSDT	357.62	0.0033	get 0.0033% / 8h	4h 09m	$367K	$41K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$11.25
Price spread: +0.163% → +0.056%: $10.71
Slippage, 4 orders: −$36.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$51.75
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from Deribit: live order book, 32 min ago; Aster: live order book, 31 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 Deribit live order book, 32 min ago	0.14 bp	11.1 bp −$11	11.5 bp −$115	doesn't fit	doesn't fit
Sell Aster live order book, 31 min ago	3.50 bp	7.8 bp −$8	10.3 bp −$103	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	−0.0016%	1h	356.94	−0.028%	$531K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.31	+0.076%	$11.7M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.40	+0.101%	$13.4M	$13.3M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.30	+0.073%	$3.7M	$6.3M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.29	+0.069%	$5.0M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.42	+0.106%	$12K	$451K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.36	+0.090%	$1K	$3.4M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.51	+0.132%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.44	+0.112%	$2.7M	$116K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.39	+0.098%	$1.4M	$1.9M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0033%	1h	357.16	+0.034%	$144K	$40K	10x	as long as short
Aster GOOGLUSDTshort	+0.0033%	8h	357.62	+0.163%	$367K	$41K	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.022%	$128K	$45K	30x	as long as short
Bitget GOOGLUSDT	+0.0039%	8h	357.38	+0.095%	$18.1M	$9.6M	100x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.26	+0.062%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.35	+0.086%	$423K	$2.9M	20x	as long as short
Binance GOOGLUSDT	+0.0048%	8h	357.50	+0.128%	$73.0M	$141.8M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.27	+0.064%	$98.0M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.12	+0.022%	$719K	$512K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.09	+0.014%	$94	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.88	−0.045%	$2.3M	$3.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.30	+0.073%	$293	—	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.27	+0.064%	$1.3M	$4.0M	10x	as long as short
Nado GOOGL-PERP	+0.0078%	1h	357.05	+0.003%	$549K	$85K	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	+0.0086%	1h	357.04	long leg	$29K	$144K	10x
Pacifica GOOGL	+0.0100%	1h	357.08	+0.011%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.99	−0.014%	$3.0M	$363K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.11	+0.020%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.23	+0.053%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.15	+0.032%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.33	+0.081%	$2.0M	$2.2M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0136%	1h	357.08	+0.011%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0167%	8h	357.30	+0.073%	$688K	$226K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.23	+0.053%	$137K	$60K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.12	+0.022%	$212K	$204K	10x	as long as short
edgeX GOOGLUSDC	+0.0972%	4h	357.32	+0.078%	$207K	$1.2M	10x	as long as short