Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.026%

Price spread now: Paradex against Phemex−0.057%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Paradex is 0.057% cheaper against Phemex than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.2 days 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	356.65	0	get 0.0000% / 4h	15m 09s	$2.7M	$66K	10x
Short	Paradex GOOGL-USD-PERP	356.45	0.0085	get 0.0085% / 8h	15m 09s	$292	$253	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.057%Rate

Funding earned: $17.87
Price spread: −0.057% → 0.000%: −$5.7
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.83
Costs to cover: 0.160%
Break-even: 8.5 days

Slippage unknown: Phemex: live order book, 3 min ago; Paradex: 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	0.42 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Gate GOOGL_USDT	0.0000%	8h	356.42	−0.064%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.57	−0.022%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.69	+0.011%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	356.65	long leg	$2.7M	$66K	10x
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.24	−0.115%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.38	−0.074%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.58	−0.020%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.132%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	356.58	−0.021%	$23K	$472K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.48	−0.048%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.29	−0.101%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.28	−0.104%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.28	−0.104%	$181	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.137%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0059%	8h	356.56	−0.024%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.44	−0.059%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERPshort	+0.0085%	8h	356.45	−0.057%	$292	$253	5x
Pacifica GOOGL	+0.0100%	1h	356.19	−0.130%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.093%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.35	−0.084%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.41	−0.067%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.46	−0.052%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0108%	8h	356.70	+0.015%	$363K	$457K	20x	as long as short
Nado GOOGL-PERP	+0.0110%	1h	356.24	−0.115%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0123%	8h	356.63	−0.006%	$11.5M	$7.8M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.50	−0.042%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0129%	8h	356.57	−0.022%	$73.1M	$142.9M	50x	as long as short
Bitget GOOGLUSDT	+0.0130%	8h	356.52	−0.036%	$16.8M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.32	−0.093%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0160%	1h	356.27	−0.107%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.60	−0.014%	$13.8M	$12.9M	50x	as long as short
edgeX GOOGLUSDC	+0.0206%	4h	356.57	−0.024%	$210K	$1.2M	10x	as long as short
BloFin GOOGL-USDT	+0.0249%	8h	356.63	−0.006%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.31	−0.095%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0264%	1h	356.54	−0.031%	$2.1M	$1.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0368%	1h	356.43	−0.062%	$23K	$152K	10x	as long as short