Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.028%

Price spread now: Aster against Phemex−0.089%52s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.944% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.165%−$17 · spread now −0.089%, 7d avg −0.013%

Together, before fees−0.058%+ Points / potential airdropAster: Stage 5 · farm board−$6 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: Aster is 0.077% cheaper against Phemex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 52 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	358.65	0	get 0.0000% / 4h	3h 00m	$2.7M	$94K	10x
Short	Aster GOOGLUSDT	358.33	0.0007	get 0.0007% / 8h	7h 00m	$368K	$423K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.089%Rate

Funding earned: $1.47
Price spread: −0.089% → −0.013%: −$7.65
Slippage, 4 orders: −$74.37
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$100.56
Costs to cover: 0.944%
Break-even: 487.2 days

Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 32 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, 3 min ago	2.79 bp	29.3 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 32 min ago	3.78 bp	8.1 bp −$8	11.1 bp −$111	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
Coinbase International GOOGL-PERP-INTX	−0.0080%	1h	357.26	−0.388%	$513K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0040%	1h	358.27	−0.106%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.59	−0.017%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.38	−0.075%	$3.6M	$7.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.58	−0.020%	$17.3M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.44	−0.059%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.68	+0.008%	$2K	$3.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.28	−0.103%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.68	+0.008%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	358.65	long leg	$2.7M	$94K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDTshort	+0.0007%	8h	358.33	−0.089%	$368K	$423K	20x
Extended GOOGL-USD	+0.0024%	1h	358.37	−0.079%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0025%	8h	358.51	−0.038%	$72.7M	$142.7M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.38	−0.075%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.43	−0.061%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.427%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	358.42	−0.064%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	358.31	−0.095%	$211K	$283K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.58	−0.020%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.28	−0.103%	$98.0M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.31	−0.095%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.36	−0.081%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.31	−0.095%	$2.3M	$4.0M	15x	as long as short
Nado GOOGL-PERP	+0.0053%	1h	358.28	−0.103%	$551K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0054%	8h	358.49	−0.045%	$11.5M	$7.4M	100x	as long as short
GRVT GOOGL_USDT_Perp	+0.0055%	8h	358.67	+0.007%	$24K	$449K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.39	−0.073%	$294	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0081%	8h	358.14	−0.142%	$3.0M	$178K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.48	−0.047%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0097%	8h	358.54	−0.031%	$682K	$237K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.46	−0.054%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.34	−0.086%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.40	−0.070%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.39	−0.074%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0184%	1h	358.47	−0.050%	$2.0M	$1.6M	20x	as long as short
edgeX GOOGLUSDC	+0.0699%	4h	358.59	−0.017%	$209K	$1.2M	10x	as long as short