Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.017%

Price spread now: Aftermath Perps against Phemex−0.087%7-day average −0.077% · 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−$89as in the Price arb table

costs, in and out, $10k−$880.881% of the position

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.087%, 7d avg −0.077%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	356.44	0	get 0.0000% / 4h	3h 30m	$2.7M	$66K	10x
Short	Aftermath Perps GOOGLUSD	356.13	0.0015	get 0.0002% / 1h	30m 00s	$144K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now −0.087%Rate

Funding earned: $3.09
Price spread: −0.087% → −0.077%: −$1.01
Slippage, 4 orders: −$67.08
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$86
Costs to cover: 0.881%
Break-even: 201.5 days

Slippage from Phemex: live order book, 4 min ago; Aftermath Perps: 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 Phemex live order book, 4 min ago	1.96 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 44 min ago	3.88 bp	14.7 bp −$15	doesn't fit	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
Gate GOOGL_USDT	0.0000%	8h	356.32	−0.034%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.39	−0.014%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.43	−0.003%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.20	−0.067%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.46	+0.006%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	356.44	long leg	$2.7M	$66K	10x
Aftermath Perps GOOGLUSDshort	+0.0015%	1h	356.13	−0.087%	$144K	$52K	10x
Hotstuff GOOGL-PERP	+0.0024%	1h	356.22	−0.062%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0032%	1h	356.34	−0.028%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.40	−0.011%	$1.4M	$2.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.166%	$528K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.191%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0041%	1h	356.18	−0.072%	$558K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.43	−0.003%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.31	−0.036%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.22	−0.062%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.22	−0.062%	$172	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.10	−0.095%	$2.2M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0053%	8h	356.39	−0.014%	$4.8M	$2.3M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.37	−0.020%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0080%	8h	356.37	−0.021%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0086%	8h	356.47	+0.008%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0097%	8h	356.53	+0.026%	$364K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.19	−0.071%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.97	−0.132%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	−0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.21	−0.065%	$10K	$10K	20x	as long as short
Bybit GOOGLUSDT	+0.0101%	8h	356.50	+0.017%	$11.5M	$7.7M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.27	−0.047%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0118%	8h	356.54	+0.028%	$72.9M	$142.2M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.47	+0.007%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.21	−0.065%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0193%	8h	356.53	+0.025%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0239%	8h	356.47	+0.008%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.19	−0.070%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0581%	4h	356.41	−0.008%	$209K	$1.2M	10x	as long as short