Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Phemex−0.081%77s7-day average — · you buy dearer than you sell

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

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.081% cheaper against Phemex than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day). The two prices were read 77 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	Phemex GOOGLUSDT	357.10	0	get 0.0000% / 4h	1h 18m	$2.7M	$88K	10x
Short	ApeX Omni GOOGLUSDT	356.81	0.0100	get 0.0013% / 1h	18m 12s	$22K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.081%Rate

Funding earned: $21
Price spread: −0.081% → 0.000%: −$8.12
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$9.12
Costs to cover: 0.220%
Break-even: 10.0 days

Slippage unknown: Phemex: live order book, 5 min ago; ApeX Omni: no order-book sample. 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 Phemex live order book, 5 min ago	2.24 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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	−0.0024%	1h	356.60	−0.140%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.01	−0.025%	$13.6M	$13.1M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.88	−0.062%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.04	−0.017%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.92	−0.050%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.98	−0.033%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.01	−0.025%	$921	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.85	−0.070%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.11	+0.003%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.10	long leg	$2.7M	$88K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.76	−0.094%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0020%	8h	357.15	+0.013%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0020%	1h	356.81	−0.081%	$549K	$92K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.99	−0.031%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.006%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.97	−0.036%	$1.3M	$4.2M	10x	as long as short
Extended GOOGL-USD	+0.0040%	1h	356.94	−0.044%	$423K	$1.2M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.72	−0.106%	$207K	$278K	10x	as long as short
Binance GOOGLUSDT	+0.0041%	8h	357.03	−0.020%	$72.0M	$143.7M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.10	0.000%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.84	−0.073%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.74	−0.101%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.82	−0.078%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.70	−0.112%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.98	−0.033%	$293	$253	5x	as long as short
edgeX GOOGLUSDC	+0.0062%	4h	356.95	−0.042%	$208K	$1.2M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.81	−0.081%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.89	−0.059%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.81	−0.080%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.143%	$3.0M	$100K	20x	as long as short
ApeX Omni GOOGLUSDTshort	+0.0100%	1h	356.81	−0.081%	$22K	$10K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.87	−0.064%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.85	−0.069%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.00	−0.028%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0141%	8h	357.05	−0.014%	$11.6M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0162%	8h	356.99	−0.031%	$689K	$236K	20x	as long as short