Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.016%

Price spread now: Phoenix against Paradex−0.102%46s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Phoenix

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

Funding pays, the price is against you. Phoenix is 0.102% cheaper against Paradex than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 5.5 days of funding at the current rate (+$2 a day). The two prices were read 46 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	Paradex GOOGL-USD-PERP	357.68	0.0051	pay 0.0051% / 8h	14m 01s	$293	$253	5x
Short	Phoenix GOOGL	357.32	0.0112	get 0.0014% / 1h	14m 01s	$137K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.102%Rate

Funding earned: $12.9
Price spread: −0.102% → 0.000%: −$10.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$8.25
Costs to cover: 0.110%
Break-even: 11.5 days

Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 17 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 Phoenix live order book, 17 min ago	2.52 bp	8.4 bp −$8	17.2 bp −$172	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.166%	$512K	$1.1M	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.44	−0.068%	$24K	$157K	10x	as long as short
Nado GOOGL-PERP	−0.0009%	1h	357.56	−0.033%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.63	−0.015%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	−0.026%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.80	+0.033%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	−0.018%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.56	−0.034%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.74	+0.016%	$2K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.89	+0.058%	$115K	$209K	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	357.69	+0.002%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0005%	8h	357.88	+0.055%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.45	−0.066%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.66	−0.005%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0027%	8h	357.75	+0.019%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.65	−0.009%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.157%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.60	−0.023%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.39	−0.082%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.83	+0.041%	—	$5K	25x	as long as short
KuCoin GOOGLUSDTM	+0.0048%	8h	357.22	−0.130%	$3.0M	$107K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.040%	$98.3M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.44	−0.068%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	−0.046%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	−0.102%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0051%	8h	357.68	long leg	$293	$253	5x
Bybit GOOGLUSDT	+0.0081%	8h	357.73	+0.013%	$11.5M	$7.9M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	357.50	−0.051%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.057%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	−0.090%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.55	−0.037%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	−0.028%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0112%	8h	357.62	−0.018%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.73	+0.013%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGLshort	+0.0112%	1h	357.32	−0.102%	$137K	$36K	20x
edgeX GOOGLUSDC	+0.0377%	4h	357.55	−0.037%	$208K	$1.2M	10x	as long as short