Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h +0.020%

Price spread now: Aster against Injective−0.075%47s7-day average −0.038% · 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—prices read too far apart to compare

costs, in and out, $10k−$600.604% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.075%, 7d avg −0.038%

Together, before fees+0.107%+ Points / potential airdropAster: Stage 5 · farm board+$11 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: Aster is 0.037% cheaper against Injective than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.038%. The two prices were read 47 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	Injective GOOGL/USDC PERP	357.12	0.0033	pay 0.0004% / 1h	32m 34s	$128K	$45K	30x
Short	Aster GOOGLUSDT	356.85	0.0029	get 0.0029% / 8h	1h 32m	$365K	$424K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$0.89
Price spread: −0.075% → −0.038%: −$3.72
Slippage, 4 orders: −$52.41
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$65.04
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from Injective: live order book, 11 min ago; Aster: live order book, 10 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 Injective live order book, 11 min ago	9.94 bp	10.0 bp −$10	10.0 bp −$100	57277.1 bp −$5.73M	326384.8 bp −$163.19M
Sell Aster live order book, 10 min ago	13.99 bp	18.3 bp −$18	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	356.60	−0.146%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.67	−0.126%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.63	−0.137%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.80	−0.090%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.61	−0.142%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.77	−0.098%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.74	−0.106%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.48	−0.179%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.82	−0.084%	$114K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	−0.112%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0022%	1h	356.60	−0.147%	$144K	$46K	10x	as long as short
Aster GOOGLUSDTshort	+0.0029%	8h	356.85	−0.075%	$365K	$424K	20x
Lighter RH GOOGL	+0.0032%	1h	356.71	−0.115%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
QFEX GOOGL-USD	+0.0038%	1h	356.71	−0.115%	$1.2M	$4.2M	10x	as long as short
Nado GOOGL-PERP	+0.0040%	1h	356.59	−0.150%	$548K	$92K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.45	−0.188%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.81	−0.087%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.66	−0.129%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.58	−0.151%	$98.0M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.56	−0.157%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.53	−0.165%	$157	$46K	10x	as long as short
Binance GOOGLUSDT	+0.0050%	8h	356.76	−0.101%	$71.9M	$143.9M	50x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.32	−0.224%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.72	−0.113%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.58	−0.151%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.50	−0.174%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.58	−0.151%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.148%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.49	−0.176%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.57	−0.154%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.55	−0.160%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0144%	1h	356.73	−0.109%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0164%	8h	356.75	−0.104%	$11.6M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0171%	8h	356.76	−0.101%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0221%	4h	356.65	−0.131%	$208K	$1.2M	10x	as long as short