Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0693%/8h= −75.9% APRpaid last 24h −0.158%

Price spread now: Aster against edgeX−0.021%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now −0.021%, 7d avg +0.022%

Together, before fees−0.198%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Aster is 0.044% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment. 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	edgeX GOOGLUSDC	358.59	0.0699	pay 0.0349% / 4h	3h 03m	$209K	$1.2M	10x
Short	Aster GOOGLUSDT	358.51	0.0006	get 0.0006% / 8h	7h 03m	$368K	$423K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$145.5
Price spread: −0.021% → +0.022%: −$4.38
Slippage, 4 orders: −$34.43
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$201.31
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Aster: live order book, 29 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, 1 min ago	3.49 bp	8.2 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit
Sell Aster live order book, 29 min ago	3.78 bp	8.1 bp −$8	11.1 bp −$111	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	−0.0080%	1h	357.26	−0.371%	$513K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.61	+0.006%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.51	−0.022%	$3.7M	$7.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.69	+0.028%	$17.4M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.63	+0.010%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.65	+0.017%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.43	−0.044%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.78	+0.053%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.73	+0.039%	$2.7M	$93K	10x	as long as short
Aster GOOGLUSDTshort	+0.0006%	8h	358.51	−0.021%	$368K	$423K	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDT	+0.0024%	8h	358.69	+0.028%	$72.8M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.57	−0.006%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.07	−0.143%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.62	+0.009%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.410%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	358.60	+0.003%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	358.48	−0.030%	$211K	$283K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.82	+0.064%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.45	−0.039%	$98.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.44	−0.042%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.46	−0.036%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.91	−0.189%	$2.3M	$4.0M	15x	as long as short
GRVT GOOGL_USDT_Perp	+0.0055%	8h	358.67	+0.024%	$24K	$449K	10x	as long as short
Nado GOOGL-PERP	+0.0055%	1h	358.61	+0.005%	$551K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	358.71	+0.033%	$294	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0068%	8h	358.68	+0.025%	$11.5M	$7.4M	100x	as long as short
KuCoin GOOGLUSDTM	+0.0079%	8h	358.33	−0.072%	$3.0M	$175K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.42	−0.047%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0094%	8h	358.64	+0.014%	$686K	$237K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.70	+0.030%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.34	−0.070%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.58	−0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.46	−0.036%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	358.55	−0.011%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0184%	1h	358.65	+0.017%	$2.0M	$1.5M	20x	as long as short
edgeX GOOGLUSDClong	+0.0699%	4h	358.59	long leg	$209K	$1.2M	10x