Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.066%

Price spread now: OKX against Phemex−0.031%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.031%, 7d avg −0.013%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.48	0	get 0.0000% / 4h	2h 05m	$2.7M	$87K	10x
Short	OKX GOOGL-USDT-SWAP	357.37	0	get 0.0000% / 8h	2h 05m	$13.7M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.013%: −$1.73
Slippage, 4 orders: −$49.01
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.75
Costs to cover: 0.710%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; OKX: live order book, 3 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	2.38 bp	21.0 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.14 bp	7.5 bp −$8	12.8 bp −$128	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
Nado GOOGL-PERP	−0.0023%	1h	357.15	−0.092%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	357.37	−0.031%	$13.7M	$12.8M	50x
Gate GOOGL_USDT	0.0000%	8h	357.24	−0.067%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.40	−0.022%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.30	−0.050%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.38	−0.028%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.37	−0.031%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.13	−0.098%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.50	+0.006%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.48	long leg	$2.7M	$87K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0008%	1h	357.12	−0.101%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.168%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	−0.056%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.32	−0.045%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.101%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.12	−0.101%	$207K	$278K	10x	as long as short
Aster GOOGLUSDT	+0.0045%	8h	357.48	−0.001%	$366K	$426K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.40	−0.022%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	−0.067%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.12	−0.101%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.13	−0.098%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.14	−0.095%	$163	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.126%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.27	−0.060%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.24	−0.066%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.35	−0.036%	$72.1M	$143.6M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.09	−0.108%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.88	−0.168%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	−0.090%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.19	−0.081%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.22	−0.072%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.32	−0.045%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	−0.076%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0186%	8h	357.40	−0.022%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0196%	8h	357.40	−0.022%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0663%	4h	357.31	−0.047%	$208K	$1.2M	10x	as long as short