Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.034%

Price spread now: Extended against Phemex−0.048%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now −0.048%, 7d avg −0.048%

Together, before fees−0.117%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$1 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	357.79	0	get 0.0000% / 4h	3h 43m	$2.7M	$90K	10x
Short	Extended GOOGL-USD	357.62	0.0024	get 0.0003% / 1h	43m 10s	$424K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: $5.04
Price spread: −0.048% → −0.048%: −$0.01
Slippage, 4 orders: −$58.22
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$70.19
Costs to cover: 0.752%
Break-even: 104.5 days

Slippage from Phemex: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	2.10 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.14 bp	3.5 bp −$4	12.1 bp −$121	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	357.34	−0.126%	$518K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	357.64	−0.042%	$33K	—	20x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.95	+0.044%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.68	−0.031%	$13.5M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.042%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.80	+0.003%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.80	+0.002%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.70	−0.025%	$2K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.56	−0.064%	$24K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.81	+0.006%	$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 GOOGLUSDTlong	0.0000%	4h	357.79	long leg	$2.7M	$90K	10x
Binance GOOGLUSDT	+0.0023%	8h	357.73	−0.017%	$72.2M	$141.4M	50x	as long as short
Extended GOOGL-USDshort	+0.0024%	1h	357.62	−0.048%	$424K	$2.5M	20x
Aftermath Perps GOOGLUSD	+0.0029%	1h	357.59	−0.055%	$145K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.66	−0.036%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.187%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0038%	8h	357.74	−0.015%	$23K	$442K	10x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.66	−0.036%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.52	−0.075%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.82	+0.008%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.092%	$686K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	−0.075%	$121	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.56	−0.064%	$2.3M	$4.3M	15x	as long as short
KuCoin GOOGLUSDTM	+0.0055%	8h	357.33	−0.129%	$3.0M	$135K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.65	−0.040%	$293	$253	5x	as long as short
tradeXYZ xyz:GOOGL	+0.0068%	1h	357.52	−0.075%	$98.4M	$21.3M	20x	as long as short
Nado GOOGL-PERP	+0.0076%	1h	357.56	−0.065%	$550K	$88K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.65	−0.039%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0092%	8h	357.74	−0.014%	$687K	$234K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.44	−0.097%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.63	−0.045%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.57	−0.063%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0190%	8h	357.71	−0.022%	$11.5M	$7.7M	100x	as long as short
Lighter GOOGL	+0.0240%	1h	357.68	−0.031%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0770%	4h	357.83	+0.011%	$209K	$1.2M	10x	as long as short