Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.016%

Price spread now: Aftermath Perps against GRVT−0.060%67s7-day average −0.053% · 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−$420.418% of the position

Long on GRVT Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.060%, 7d avg −0.053%

Together, before fees+0.044%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	356.44	0.0012	pay 0.0012% / 8h	1h 25m	$23K	$484K	10x
Short	Aftermath Perps GOOGLUSD	356.23	0.0015	get 0.0002% / 1h	25m 37s	$144K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GRVT. 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 GRVTbpFee Aftermath PerpsbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0.65
Price spread: −0.060% → −0.053%: −$0.72
Slippage, 4 orders: −$23.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$41.86
Costs to cover: 0.418%
Break-even: 455.1 days

Slippage from GRVT: live order book, 57 min ago; Aftermath Perps: live order book, 58 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 GRVT live order book, 57 min ago	1.12 bp	9.8 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 58 min ago	6.67 bp	11.2 bp −$11	21.1 bp −$211	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	−0.0024%	1h	356.19	−0.070%	$530K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	356.31	−0.037%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.39	−0.014%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.38	−0.017%	$4.6M	$2.5M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.56	+0.033%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.63	+0.053%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.031%	$2.7M	$64K	10x	as long as short
GRVT GOOGL_USDT_Perplong	+0.0012%	8h	356.44	long leg	$23K	$484K	10x
Aftermath Perps GOOGLUSDshort	+0.0015%	1h	356.23	−0.060%	$144K	$54K	10x
Lighter RH GOOGL	+0.0032%	1h	356.50	+0.016%	$1.4M	$2.5M	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	+0.190%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.41	−0.009%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.38	−0.017%	—	$5K	25x	as long as short
Bybit GOOGLUSDT	+0.0048%	8h	356.53	+0.025%	$11.5M	$7.7M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.26	−0.051%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.31	−0.037%	$190	$46K	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.27	−0.048%	$98.1M	$25.1M	20x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.076%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0069%	8h	356.59	+0.041%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0083%	8h	356.54	+0.028%	$16.9M	$9.3M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0084%	8h	356.43	−0.002%	$292	$253	5x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.46	+0.007%	$422K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0088%	8h	356.52	+0.022%	$13.8M	$12.8M	50x	as long as short
Binance GOOGLUSDT	+0.0096%	8h	356.52	+0.022%	$73.0M	$142.3M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.40	−0.012%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.05	−0.110%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.08	−0.101%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.36	−0.023%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.35	−0.026%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0130%	1h	356.19	−0.071%	$558K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.37	−0.020%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.30	−0.040%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0209%	8h	356.55	+0.031%	$688K	$235K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.50	+0.016%	$2.0M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0452%	1h	356.36	−0.023%	$22K	$151K	10x	as long as short
edgeX GOOGLUSDC	+0.0803%	4h	356.45	+0.002%	$208K	$1.2M	10x	as long as short