Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.007%

Price spread now: Aster against Extended+0.063%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.063%, 7d avg +0.037%

Together, before fees+0.052%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.026% dearer against Extended than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.037%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.005% in total) that is about 39 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GOOGL-USD	357.50	0.0104	pay 0.0013% / 1h	53m 45s	$423K	$1.8M	20x
Short	Aster GOOGLUSDT	357.73	0.0086	get 0.0086% / 8h	3h 53m	$366K	$426K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$3.76
Price spread: +0.063% → +0.037%: $2.56
Slippage, 4 orders: −$30.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$44.57
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Aster: live order book, 64 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 Extended live order book, 5 min ago	0.14 bp	3.5 bp −$4	10.1 bp −$101	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	2.37 bp	9.3 bp −$9	10.8 bp −$108	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
Gate GOOGL_USDT	0.0000%	8h	357.48	−0.007%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.63	+0.035%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	+0.030%	$468	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.68	+0.049%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.71	+0.057%	$2.7M	$86K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.36	−0.040%	$524K	$1.1M	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0025%	8h	357.65	+0.041%	$23K	$432K	10x	as long as short
Variational Omni GOOGL	+0.0025%	8h	357.62	+0.033%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	357.69	+0.051%	$144K	$48K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.58	+0.021%	$1.3M	$2.1M	20x	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	−0.108%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.36	−0.040%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.35	−0.043%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.50	−0.001%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.35	−0.043%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.34	−0.046%	$144	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.27	−0.066%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.53	+0.007%	$1.3M	$4.2M	10x	as long as short
Nado GOOGL-PERP	+0.0071%	1h	357.27	−0.066%	$557K	$80K	20x	as long as short
Aster GOOGLUSDTshort	+0.0086%	8h	357.73	+0.063%	$366K	$426K	20x
Pacifica GOOGL	+0.0100%	1h	357.58	+0.021%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.19	−0.088%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.38	−0.035%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.45	−0.015%	$10K	$10K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0101%	1h	357.34	−0.046%	$99.1M	$20.5M	20x	as long as short
Extended GOOGL-USDlong	+0.0104%	1h	357.50	long leg	$423K	$1.8M	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.46	−0.011%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0106%	8h	357.59	+0.024%	$72.7M	$141.2M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.49	−0.004%	$138K	$36K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0115%	8h	357.49	−0.004%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0116%	8h	357.58	+0.021%	$13.8M	$12.4M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0170%	1h	357.34	−0.046%	$24K	$155K	10x	as long as short
BloFin GOOGL-USDT	+0.0225%	8h	357.68	+0.049%	$696K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0242%	8h	357.64	+0.038%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0328%	1h	357.57	+0.018%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0716%	4h	357.64	+0.037%	$209K	$1.2M	10x	as long as short