Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Pacifica against Phemex−0.054%7-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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding pays, the price is against you. Pacifica is 0.054% cheaper against Phemex than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	358.82	0	get 0.0000% / 4h	2h 55m	$2.7M	$98K	10x
Short	Pacifica GOOGL	358.63	0.0100	get 0.0013% / 1h	55m 48s	$42K	$23K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.054%Rate

Funding earned: $21
Price spread: −0.054% → 0.000%: −$5.38
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$4.38
Costs to cover: 0.200%
Break-even: 8.5 days

Slippage unknown: Phemex: live order book, 3 min ago; Pacifica: 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, 3 min ago	1.95 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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	−0.0056%	1h	358.32	−0.139%	$514K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.66	−0.045%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.39	−0.120%	$3.6M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.60	−0.061%	$17.3M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.62	−0.057%	$5.0M	$2.5M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.68	−0.039%	$1K	$3.8M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.76	−0.017%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	358.82	long leg	$2.7M	$98K	10x
Aster GOOGLUSDT	+0.0008%	8h	358.42	−0.110%	$368K	$423K	20x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.42	−0.111%	$424K	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDT	+0.0026%	8h	358.53	−0.081%	$72.7M	$142.2M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.40	−0.116%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.55	−0.075%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.474%	$128K	$45K	30x	as long as short
Bybit GOOGLUSDT	+0.0037%	8h	358.52	−0.084%	$11.5M	$7.4M	100x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	358.61	−0.058%	$23K	$451K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.68	−0.039%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	358.39	−0.120%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.60	−0.061%	$1.3M	$4.1M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.49	−0.092%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.48	−0.095%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.20	−0.173%	$2.3M	$4.0M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0053%	1h	358.39	−0.120%	$98.1M	$21.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.57	−0.070%	$294	$253	5x	as long as short
Nado GOOGL-PERP	+0.0067%	1h	358.46	−0.101%	$551K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.46	−0.100%	$211K	$283K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0085%	1h	358.45	−0.103%	$24K	$150K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0086%	8h	358.21	−0.170%	$3.0M	$185K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.43	−0.109%	$138K	$36K	20x	as long as short
Pacifica GOOGLshort	+0.0100%	1h	358.63	−0.054%	$42K	$23K	10x
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.31	−0.142%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.53	−0.081%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0104%	8h	358.58	−0.067%	$685K	$237K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.49	−0.092%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0192%	1h	358.61	−0.059%	$2.0M	$1.8M	20x	as long as short
edgeX GOOGLUSDC	+0.0272%	4h	358.55	−0.075%	$209K	$1.2M	10x	as long as short