Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h −0.022%

Price spread now: Phemex against Paradex+0.046%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.046% dearer against Paradex than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GOOGL-USD-PERP	356.36	0.0066	pay 0.0066% / 8h	7h 02m	$292	$253	5x
Short	Phemex GOOGLUSDT	356.52	0	get 0.0000% / 4h	3h 02m	$2.7M	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Paradex. 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 ParadexbpFee PhemexbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$13.92
Price spread: +0.046% → 0.000%: $4.6
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$25.32
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Phemex live order book, 1 min ago	1.96 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit GOOGL_USDC-PERPETUAL	−0.0031%	1h	356.08	−0.077%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	356.22	−0.038%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.38	+0.007%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.47	+0.033%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.40	+0.012%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.60	+0.068%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	356.52	+0.046%	$2.7M	$67K	10x
Aftermath Perps GOOGLUSD	+0.0011%	1h	356.19	−0.045%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0027%	8h	356.44	+0.024%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGL	+0.0030%	8h	356.38	+0.006%	$4.8M	$2.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter GOOGL	+0.0032%	1h	356.34	−0.005%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.42	+0.018%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	−0.038%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0033%	1h	356.22	−0.038%	$556K	$80K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.214%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.46	+0.029%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.25	−0.030%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.18	−0.049%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.24	−0.033%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.18	−0.049%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.32	−0.010%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0066%	8h	356.36	long leg	$292	$253	5x
Aster GOOGLUSDT	+0.0079%	8h	356.53	+0.049%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0079%	8h	356.47	+0.032%	$11.5M	$7.5M	100x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.38	+0.006%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0100%	8h	356.46	+0.028%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.38	+0.007%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.13	−0.063%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.29	−0.019%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.23	−0.035%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.30	−0.015%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.26	−0.027%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0181%	8h	356.44	+0.024%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0220%	8h	356.46	+0.029%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.033%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0679%	4h	356.43	+0.020%	$209K	$1.2M	10x	as long as short