GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0372%/8h= +40.8% APRnext payment +$0.47 per $10,000 · paid last 24h +0.012%

Price spread now: QFEX against Deribit+0.081%7-day average +0.038% · 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−$22as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Deribit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.081%, 7d avg +0.038%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and QFEX is 0.043% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.038%. Mind the row above: over the last 4 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.114% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.29	−0.0337	get 0.0042% / 1h	15m 18s	$24K	$157K	10x
Short	QFEX GOOGL-USD	357.58	0.0035	get 0.0004% / 1h	15m 18s	$1.3M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $78.21
Price spread: +0.081% → +0.038%: $4.31
Slippage, 4 orders: −$9.18
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee QFEX: 5 bp × 2 orders: −$10
Net: $56.34
Costs to cover: 0.262%
Break-even: 2.0 days

Slippage from Deribit: live order book, 23 min ago; QFEX: live order book, 3 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, 23 min ago	0.14 bp	8.9 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.82 bp	6.8 bp −$7	6.9 bp −$69	12.4 bp −$1,237	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
Deribit GOOGL_USDC-PERPETUALlong	−0.0337%	1h	357.29	long leg	$24K	$157K	10x
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.056%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0009%	1h	357.52	+0.064%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.62	+0.092%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.52	+0.064%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.67	+0.106%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.092%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.56	+0.076%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.69	+0.112%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.140%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.69	+0.112%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0005%	8h	357.81	+0.146%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.44	+0.041%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.59	+0.083%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0028%	8h	357.68	+0.110%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.61	+0.090%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.048%	$128K	$45K	30x	as long as short
QFEX GOOGL-USDshort	+0.0035%	1h	357.58	+0.081%	$1.3M	$4.2M	10x
Arcus GOOGL-USD	+0.0040%	1h	357.35	+0.017%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.146%	—	$5K	25x	as long as short
KuCoin GOOGLUSDTM	+0.0049%	8h	357.16	−0.036%	$3.0M	$106K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	+0.059%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.41	+0.034%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.48	+0.053%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.028%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.65	+0.101%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0083%	8h	357.67	+0.106%	$11.5M	$7.9M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	357.50	+0.059%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.45	+0.045%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	+0.020%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	+0.056%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.54	+0.070%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0112%	8h	357.62	+0.092%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.67	+0.106%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	+0.008%	$137K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0377%	4h	357.55	+0.073%	$208K	$1.2M	10x	as long as short