Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Phemex−0.101%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 SoDEX

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—needs both histories

Funding pays, the price is against you. SoDEX is 0.101% cheaper against Phemex than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.98	0	get 0.0000% / 4h	1h 45m	$2.7M	$114K	10x
Short	SoDEX GOOGL-USD	357.62	0.0050	get 0.0006% / 1h	45m 52s	$109	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $10.5
Price spread: −0.101% → 0.000%: −$10.06
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.56
Costs to cover: 0.200%
Break-even: 20.0 days

Slippage unknown: Phemex: live order book, 6 min ago; SoDEX: 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, 6 min ago	1.82 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	354.12	−1.078%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.46	−0.145%	$517K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.86	−0.034%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.90	−0.022%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.70	−0.078%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.83	−0.042%	$17.4M	$9.8M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.95	−0.008%	$1K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.67	−0.087%	$29K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.07	+0.025%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.98	long leg	$2.7M	$114K	10x

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0004%	8h	358.09	+0.032%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.85	−0.037%	$144K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.82	−0.045%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.240%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0044%	8h	357.72	−0.074%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.95	−0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.60	−0.106%	$97.9M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.83	−0.042%	$685K	$421K	10x	as long as short
SoDEX GOOGL-USDshort	+0.0050%	1h	357.62	−0.101%	$109	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.51	−0.131%	$2.3M	$4.0M	15x	as long as short
edgeX GOOGLUSDC	+0.0051%	4h	358.14	+0.044%	$209K	$1.2M	10x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.91	−0.020%	$1.3M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0060%	8h	357.80	−0.049%	$73.0M	$145.4M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.78	−0.057%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.63	−0.097%	$426K	$2.4M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0087%	8h	358.09	+0.031%	$12K	$459K	10x	as long as short
Lighter GOOGL	+0.0096%	1h	357.78	−0.056%	$2.0M	$2.1M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.86	−0.033%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.68	−0.084%	$3.0M	$254K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.99	+0.003%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.69	−0.081%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.61	−0.102%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0114%	1h	357.68	−0.084%	$552K	$82K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.97	−0.003%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0188%	8h	357.98	0.000%	$693K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.78	−0.056%	$211K	$210K	10x	as long as short