GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.005%

Price spread now: Phoenix against Injective−0.008%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.008%, 7d avg −0.106%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.098% dearer against Injective than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.106%.

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	56m 33s	$128K	$45K	30x
Short	Phoenix GOOGL	357.09	0.0134	get 0.0017% / 1h	56m 33s	$137K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.008%Rate

Funding earned: $21.19
Price spread: −0.008% → −0.106%: $9.8
Slippage, 4 orders: −$31.23
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$7.25
Costs to cover: 0.382%
Break-even: 9.4 days

Slippage from Injective: live order book, 52 min ago; Phoenix: live order book, 44 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, 52 min ago	9.93 bp	9.9 bp −$10	9.9 bp −$99	57280.1 bp −$5.73M	326400.1 bp −$163.20M
Sell Phoenix live order book, 44 min ago	3.08 bp	9.2 bp −$9	19.7 bp −$197	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	356.88	−0.067%	$519K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0001%	1h	356.93	−0.053%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.14	+0.006%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.02	−0.028%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.26	+0.039%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.23	+0.030%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.33	+0.059%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.23	+0.031%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.85	−0.076%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.26	+0.039%	$115K	$213K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.24	+0.034%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.22	+0.028%	$145K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.10	−0.006%	$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	357.09	−0.008%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.28	+0.044%	$365K	$424K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.96	−0.045%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.24	+0.034%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.99	−0.036%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.89	−0.064%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.96	−0.045%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.90	−0.062%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.073%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.05	−0.021%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.15	+0.008%	$72.0M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.06	−0.017%	$422K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.92	−0.057%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.69	−0.120%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.08	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.98	−0.039%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.02	−0.029%	$25K	—	10x	as long as short
Phoenix GOOGLshort	+0.0134%	1h	357.09	−0.008%	$137K	$36K	20x
Lighter GOOGL	+0.0152%	1h	357.12	0.000%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.29	+0.048%	$689K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0186%	8h	357.19	+0.020%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0802%	4h	357.22	+0.029%	$208K	$1.2M	10x	as long as short