Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.030%

Price spread now: Phemex against OKX+0.059%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.059%, 7d avg +0.014%

Together, before fees−0.117%−$12 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 0.045% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	357.15	0	get 0.0000% / 8h	4h 46m	$13.4M	$13.9M	50x
Short	Phemex GOOGLUSDT	357.36	0	get 0.0000% / 4h	46m 44s	$2.7M	$116K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.014%: $4.49
Slippage, 4 orders: −$50.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$68.12
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago	0.14 bp	6.1 bp −$6	9.9 bp −$99	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.24 bp	25.8 bp −$26	doesn't fit	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	357.34	+0.053%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.07	−0.022%	$529K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.17	+0.006%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAPlong	0.0000%	8h	357.15	long leg	$13.4M	$13.9M	50x
Gate GOOGL_USDT	0.0000%	8h	357.04	−0.031%	$3.7M	$6.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.18	+0.008%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.44	+0.081%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	+0.009%	$12K	$463K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.21	+0.017%	$2K	$3.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.01	−0.039%	$29K	$150K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.36	+0.059%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	357.36	+0.059%	$2.7M	$116K	10x
Aster GOOGLUSDT	+0.0027%	8h	357.21	+0.016%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.13	−0.006%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.11	−0.013%	$144K	$42K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.008%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0044%	1h	357.08	−0.020%	$549K	$86K	20x	as long as short
Binance GOOGLUSDT	+0.0045%	8h	357.13	−0.005%	$72.9M	$146.0M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.28	+0.036%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.00	−0.042%	$423K	$2.9M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.98	−0.048%	$97.9M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.12	−0.008%	$719K	$523K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.95	−0.056%	$103	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.011%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.14	−0.004%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.17	+0.006%	$1.3M	$4.0M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.92	−0.064%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.94	−0.059%	$3.0M	$323K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.03	−0.034%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	0.000%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.01	−0.038%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.09	−0.017%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.22	+0.020%	$694K	$230K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	356.93	−0.062%	$137K	$60K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.04	−0.031%	$212K	$217K	10x	as long as short
edgeX GOOGLUSDC	+0.0315%	4h	357.18	+0.009%	$208K	$1.2M	10x	as long as short