Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.049%

Price spread now: Aftermath Perps against OKX−0.145%7-day average −0.064% · 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−$48as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on OKX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.145%, 7d avg −0.064%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aftermath Perps is 0.080% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	356.71	0.0179	pay 0.0179% / 8h	6h 45m	$13.8M	$12.7M	50x
Short	Aftermath Perps GOOGLUSD	356.19	0.0009	get 0.0001% / 1h	45m 19s	$144K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against OKX. 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 OKXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$35.68
Price spread: −0.145% → −0.064%: −$8.03
Slippage, 4 orders: −$20.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$83.37
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Aftermath Perps: live order book, 24 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 OKX live order book, 3 min ago	0.14 bp	6.3 bp −$6	10.0 bp −$100	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 24 min ago	4.22 bp	9.7 bp −$10	29.8 bp −$298	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	−0.0104%	1h	356.45	−0.073%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.00	−0.199%	$528K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.53	−0.050%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.57	−0.039%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.45	−0.074%	$23K	$443K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.58	−0.036%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.31	−0.112%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.70	−0.003%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.56	−0.042%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	+0.0008%	1h	356.39	−0.089%	$556K	$80K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSDshort	+0.0009%	1h	356.19	−0.145%	$144K	$51K	10x
Variational Omni GOOGL	+0.0020%	8h	356.45	−0.073%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.54	−0.048%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.62	−0.025%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.115%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.46	−0.070%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.27	−0.123%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.56	−0.042%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.47	−0.067%	$98.3M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	−0.104%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.46	−0.070%	$161	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.23	−0.135%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.53	−0.050%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0074%	8h	356.60	−0.032%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0077%	8h	356.74	+0.008%	$11.6M	$7.5M	100x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.36	−0.098%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0095%	8h	356.61	−0.028%	$72.7M	$141.8M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.52	−0.055%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.32	−0.110%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.15	−0.157%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.129%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.43	−0.078%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.46	−0.070%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAPlong	+0.0179%	8h	356.71	long leg	$13.8M	$12.7M	50x
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.067%	$651K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0635%	4h	356.43	−0.078%	$209K	$1.2M	10x	as long as short