GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h +0.012%

Price spread now: Phoenix against Deribit−0.053%7-day average −0.015% · 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−$35as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.059%−$6 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now −0.053%, 7d avg −0.015%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.038% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	356.14	0.0171	pay 0.0021% / 1h	5m 00s	$22K	$151K	10x
Short	Phoenix GOOGL	355.95	0.0112	get 0.0014% / 1h	5m 00s	$137K	$48K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$12.37
Price spread: −0.053% → −0.015%: −$3.82
Slippage, 4 orders: −$17.29
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$47.49
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Deribit: live order book, 18 min ago; Phoenix: live order book, 11 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, 18 min ago	0.14 bp	10.3 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell Phoenix live order book, 11 min ago	2.81 bp	8.7 bp −$9	18.2 bp −$182	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	−0.0032%	1h	355.79	−0.098%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	355.98	−0.045%	$33K	—	20x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.08	−0.018%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.24	+0.028%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.09	−0.014%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	+0.028%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.17	+0.010%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.23	+0.025%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.29	+0.042%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.27	+0.037%	$2.7M	$64K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0016%	1h	356.21	+0.020%	$422K	$1.6M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.98	−0.044%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0020%	8h	356.24	+0.028%	$72.9M	$141.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.25	+0.031%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.275%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0038%	8h	356.22	+0.022%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.11	−0.008%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.18	+0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.99	−0.042%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.04	−0.028%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.99	−0.042%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.80	−0.095%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0051%	8h	356.13	−0.003%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.17	+0.007%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.00	−0.039%	$202K	$303K	10x	as long as short
BloFin GOOGL-USDT	+0.0080%	8h	356.15	+0.003%	$688K	$235K	20x	as long as short
Nado GOOGL-PERP	+0.0087%	1h	355.92	−0.062%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.071%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.098%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.90	−0.067%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.10	−0.011%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.04	−0.027%	$25K	—	10x	as long as short
Phoenix GOOGLshort	+0.0112%	1h	355.95	−0.053%	$137K	$48K	20x
Deribit GOOGL_USDC-PERPETUALlong	+0.0171%	1h	356.14	long leg	$22K	$151K	10x
Lighter GOOGL	+0.0200%	1h	356.25	+0.031%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0398%	4h	356.14	+0.001%	$208K	$1.2M	10x	as long as short