Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Phemex−0.053%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.053%, 7d avg −0.038%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.53	0	get 0.0000% / 4h	1h 58m	$2.7M	$74K	10x
Short	Gate GOOGL_USDT	357.34	0	get 0.0000% / 8h	5h 58m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.038%: −$1.52
Slippage, 4 orders: −$56.02
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$84.54
Costs to cover: 0.830%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Gate: 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	2.80 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.82 bp	14.3 bp −$14	21.2 bp −$212	doesn't fit	doesn't fit

GOOGL on 35 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
Deribit GOOGL_USDC-PERPETUAL	−0.0198%	1h	357.11	−0.117%	$23K	$154K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.00	−0.148%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0048%	1h	357.32	−0.059%	$557K	$80K	20x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	357.34	−0.053%	$3.6M	$7.5M	100x
Variational Omni GOOGL	0.0000%	8h	357.29	−0.066%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.19	−0.095%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.45	−0.022%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.61	+0.022%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.53	long leg	$2.7M	$74K	10x
Aftermath Perps GOOGLUSD	+0.0007%	1h	357.06	−0.132%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDT	+0.0025%	8h	357.47	−0.017%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.49	−0.011%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.115%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.35	−0.050%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.12	−0.115%	$202K	$272K	10x	as long as short
Aster GOOGLUSDT	+0.0042%	8h	357.36	−0.048%	$365K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0045%	8h	357.45	−0.022%	$11.6M	$7.4M	100x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.51	−0.006%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.27	−0.073%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.27	−0.073%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.14	−0.109%	$685K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.25	−0.078%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.89	−0.179%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.45	−0.023%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0063%	8h	357.46	−0.019%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.37	−0.044%	$421K	$1.8M	20x	as long as short
Lighter GOOGL	+0.0080%	1h	357.50	−0.008%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.09	−0.123%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.20	−0.091%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.02	−0.143%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.25	−0.078%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.29	−0.067%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.26	−0.075%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0145%	8h	357.42	−0.031%	$13.8M	$12.5M	50x	as long as short
edgeX GOOGLUSDC	+0.0846%	4h	357.17	−0.099%	$208K	$1.2M	10x	as long as short