Funding you earn now, next payment 07:00 UTC−0.0137%/8h= −15.0% APRnext payment −$0.17 per $10,000 · paid last 24h +0.029%
Price spread now: Injective against Deribit+0.022%7-day average +0.094% · 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−$42as in the Price arb table
costs, in and out, $10k−$340.344% of the position
Funding, last 5 days (all we have)−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.022%, 7d avg +0.094%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 0.072% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit GOOGL_USDC-PERPETUAL | 357.04 | 0.0170 | pay 0.0021% / 1h | 3m 03s | $24K | $156K | 10x |
| Short | Injective GOOGL/USDC PERP | 357.12 | 0.0033 | get 0.0004% / 1h | 3m 03s | $128K | $45K | 30x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$28.76
- Price spread: +0.022% → +0.094%
- −$7.18
- Slippage, 4 orders
- −$27.39
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$70.35
- Costs to cover
- 0.344%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 40 min ago; Injective: live order book, 41 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, 40 min ago | 0.14 bp | 10.9 bp −$11 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Injective live order book, 41 min ago | 9.94 bp | 10.0 bp −$10 | 10.0 bp −$100 | 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 | 356.60 | −0.123% | $511K | $1.1M | 10x | as long as short |
| OKX GOOGL-USDT-SWAP | 0.0000% | 8h | 357.12 | +0.022% | $13.6M | $12.9M | 50x | as long as short |
| Gate GOOGL_USDT | 0.0000% | 8h | 356.98 | −0.017% | $3.6M | $7.5M | 100x | as long as short |
| Bitget GOOGLUSDT | 0.0000% | 8h | 357.20 | +0.045% | $17.3M | $9.8M | 100x | as long as short |
| Variational Omni GOOGL | 0.0000% | 8h | 357.04 | +0.001% | $4.8M | $2.4M | — | as long as short |
| GRVT GOOGL_USDT_Perp | 0.0000% | 8h | 357.10 | +0.017% | $23K | $444K | 10x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 357.11 | +0.020% | $1K | $4.0M | 20x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 357.21 | +0.048% | $115K | $211K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 357.17 | +0.036% | $2.7M | $88K | 10x | as long as short |
| Nado GOOGL-PERP | +0.0012% | 1h | 356.93 | −0.030% | $549K | $92K | 20x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GOOGLUSDT | +0.0012% | 8h | 357.20 | +0.046% | $365K | $424K | 20x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0019% | 1h | 356.99 | −0.014% | $144K | $45K | 10x | as long as short |
| Lighter RH GOOGL | +0.0032% | 1h | 357.08 | +0.011% | $1.3M | $2.1M | 20x | as long as short |
| Extended GOOGL-USD | +0.0032% | 1h | 357.03 | −0.002% | $425K | $1.5M | 20x | as long as short |
| Hotstuff GOOGL-PERP | +0.0032% | 1h | 356.95 | −0.025% | $33K | — | 20x | as long as short |
| Injective GOOGL/USDC PERPshort | +0.0033% | 1h | 357.12 | +0.022% | $128K | $45K | 30x | |
| Binance GOOGLUSDT | +0.0034% | 8h | 357.14 | +0.028% | $72.0M | $143.7M | 50x | as long as short |
| QFEX GOOGL-USD | +0.0038% | 1h | 357.03 | −0.003% | $1.3M | $4.2M | 10x | as long as short |
| Arcus GOOGL-USD | +0.0040% | 1h | 356.82 | −0.062% | $207K | $279K | 10x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.21 | +0.048% | — | $5K | 25x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 356.96 | −0.022% | $98.1M | $21.4M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 356.83 | −0.059% | $684K | $430K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 356.95 | −0.025% | $141 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 356.81 | −0.064% | $2.3M | $4.8M | 15x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0052% | 8h | 357.06 | +0.006% | $293 | $253 | 5x | as long as short |
| KuCoin GOOGLUSDTM | +0.0081% | 8h | 356.61 | −0.120% | $3.0M | $100K | 20x | as long as short |
| Phoenix GOOGL | +0.0090% | 1h | 356.90 | −0.039% | $137K | $36K | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 356.89 | −0.043% | $42K | $39K | 10x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 356.88 | −0.045% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 356.95 | −0.025% | $10K | $11K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 356.98 | −0.016% | $25K | — | 10x | as long as short |
| Lighter GOOGL | +0.0112% | 1h | 357.08 | +0.011% | $2.0M | $1.3M | 20x | as long as short |
| Bybit GOOGLUSDT | +0.0124% | 8h | 357.10 | +0.017% | $11.5M | $7.9M | 100x | as long as short |
| BloFin GOOGL-USDT | +0.0134% | 8h | 357.15 | +0.031% | $688K | $236K | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUALlong | +0.0170% | 1h | 357.04 | long leg | $24K | $156K | 10x | |
| edgeX GOOGLUSDC | +0.0253% | 4h | 357.06 | +0.005% | $208K | $1.2M | 10x | as long as short |
Deribit GOOGL_USDC-PERPETUAL
Injective GOOGL/USDC PERP
Coinbase International GOOGL-PERP-INTX
OKX GOOGL-USDT-SWAP
Gate GOOGL_USDT
Bitget GOOGLUSDT
Variational Omni GOOGL
GRVT GOOGL_USDT_Perp
SunX GOOGL-USDT
HTX GOOGL-USDT
Phemex GOOGLUSDT
Aster GOOGLUSDT
Aftermath Perps GOOGLUSD
Lighter RH GOOGL
Extended GOOGL-USD
Binance GOOGLUSDT
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Paradex GOOGL-USD-PERP
KuCoin GOOGLUSDTM
Phoenix GOOGL
Pacifica GOOGL
ApeX Omni GOOGLUSDT
Lighter GOOGL
Bybit GOOGLUSDT
BloFin GOOGL-USDT
edgeX GOOGLUSDC