Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0809%/8h= −88.5% APRpaid last 24h −0.184%

Price spread now: Aftermath Perps against edgeX−0.028%68s7-day average −0.041% · 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—prices read too far apart to compare

costs, in and out, $10k−$460.456% of the position

Long on edgeX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.543%−$54 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.028%, 7d avg −0.041%

Together, before fees−0.532%+ Points / potential airdropedgeX: Active · farm board−$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	356.13	0.0825	pay 0.0412% / 4h	3h 36m	$208K	$1.2M	10x
Short	Aftermath Perps GOOGLUSD	356.03	0.0016	get 0.0002% / 1h	36m 03s	$144K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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 edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$169.79
Price spread: −0.028% → −0.041%: $1.3
Slippage, 4 orders: −$27.58
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$214.07
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Aftermath Perps: live order book, 38 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 edgeX live order book, 3 min ago	3.37 bp	8.1 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 38 min ago	3.88 bp	14.7 bp −$15	doesn't fit	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
Deribit GOOGL_USDC-PERPETUAL	−0.0087%	1h	356.07	−0.017%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0072%	1h	356.18	+0.014%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.35	+0.062%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.22	+0.025%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.41	+0.079%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.55	+0.118%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.39	+0.073%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0016%	1h	356.03	−0.028%	$144K	$52K	10x
Lighter RH GOOGL	+0.0032%	1h	356.41	+0.079%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.078%	$528K	$1.1M	10x	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	+0.278%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.37	+0.068%	$2.1M	$1.1M	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.38	+0.071%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0046%	1h	356.19	+0.018%	$559K	$81K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.25	+0.034%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.18	+0.014%	$683K	$442K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.19	+0.017%	$170	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.02	−0.031%	$2.2M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0057%	8h	356.37	+0.068%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.29	+0.045%	$1.3M	$4.8M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0084%	8h	356.34	+0.058%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0099%	8h	356.42	+0.082%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.33	+0.056%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.91	−0.061%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.99	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.18	+0.014%	$10K	$10K	20x	as long as short
Aster GOOGLUSDT	+0.0100%	8h	356.44	+0.088%	$364K	$457K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.17	+0.012%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0109%	8h	356.45	+0.090%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.33	+0.056%	$425K	$2.0M	20x	as long as short
Binance GOOGLUSDT	+0.0121%	8h	356.47	+0.097%	$72.9M	$143.0M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.09	−0.011%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0195%	8h	356.50	+0.104%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.36	+0.065%	$691K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.05	−0.022%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDClong	+0.0825%	4h	356.13	long leg	$208K	$1.2M	10x