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: SunX against Phemex+0.011%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1541.542% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.011%, 7d avg −0.018%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.029% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.16	0	get 0.0000% / 4h	2h 15m	$2.7M	$73K	10x
Short	SunX GOOGL-USDT	357.20	0	get 0.0000% / 8h	6h 15m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.018%: $2.9
Slippage, 4 orders: −$134.25
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$151.34
Costs to cover: 1.542%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; SunX: live order book, 2 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	2.66 bp	25.1 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	44.65 bp	49.2 bp −$49	doesn't fit	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.92	−0.067%	$523K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0021%	1h	357.02	−0.040%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.14	−0.006%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.15	−0.003%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.05	−0.031%	$23K	$438K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.20	+0.011%	$1K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.98	−0.050%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.20	+0.011%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.16	long leg	$2.7M	$73K	10x
Aftermath Perps GOOGLUSD	+0.0006%	1h	356.84	−0.091%	$144K	$51K	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	+0.0009%	8h	357.25	+0.025%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.28	+0.034%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.011%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.10	−0.017%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.93	−0.064%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.29	+0.036%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.08	−0.022%	$98.9M	$22.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.86	−0.084%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.036%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.120%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0054%	8h	357.14	−0.006%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.22	+0.016%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.17	+0.002%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0075%	8h	357.25	+0.024%	$72.8M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0080%	1h	357.28	+0.034%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.83	−0.092%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0091%	8h	357.26	+0.028%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.98	−0.050%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.77	−0.109%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	−0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.01	−0.042%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.98	−0.051%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.02	−0.039%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0167%	8h	357.18	+0.006%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0399%	4h	357.01	−0.041%	$208K	$1.2M	10x	as long as short