Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Gate+0.059%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.104%+$10 · spread now +0.059%, 7d avg +0.038%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	357.85	0	get 0.0000% / 8h	5h 10m	$3.6M	$7.5M	100x
Short	Phemex GOOGLUSDT	358.06	0	get 0.0000% / 4h	1h 10m	$2.7M	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.038%: $2.06
Slippage, 4 orders: −$55.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$79.99
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Phemex: 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 Gate live order book, 3 min ago	1.40 bp	13.4 bp −$13	23.5 bp −$235	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.96 bp	32.5 bp −$33	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
Hotstuff GOOGL-PERP	−0.0072%	1h	357.75	−0.028%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.109%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0029%	1h	357.71	−0.040%	$558K	$80K	20x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.85	long leg	$3.6M	$7.5M	100x
Variational Omni GOOGL	0.0000%	8h	357.88	+0.007%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.85	+0.001%	$23K	$433K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.99	+0.039%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.01	+0.045%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	358.06	+0.059%	$2.7M	$80K	10x
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.63	−0.062%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0019%	8h	357.76	−0.024%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.89	+0.011%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.97	+0.034%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.204%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0039%	8h	358.00	+0.042%	$72.9M	$141.1M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.90	+0.013%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.60	−0.070%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.92	+0.020%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.73	−0.034%	$99.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	−0.048%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.75	−0.028%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.57	−0.078%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.87	+0.006%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0062%	8h	357.98	+0.036%	$17.5M	$9.6M	100x	as long as short
Bybit GOOGLUSDT	+0.0066%	8h	358.10	+0.070%	$11.9M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.90	+0.014%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.098%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.59	−0.073%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.85	0.000%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.83	−0.005%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0105%	8h	357.95	+0.028%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.70	−0.042%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	358.00	+0.042%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0152%	8h	357.99	+0.039%	$700K	$234K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0169%	1h	357.82	−0.008%	$24K	$154K	10x	as long as short
edgeX GOOGLUSDC	+0.0417%	4h	357.85	0.000%	$209K	$1.2M	10x	as long as short