Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Phemex+0.042%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.042% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

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 17m	$2.7M	$73K	10x
Short	Vest GOOGL-USD-PERP	357.31	0.0046	get 0.0006% / 1h	17m 36s	—	$5K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.042%Rate

Funding earned: $9.59
Price spread: +0.042% → 0.000%: $4.2
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$0.21
Costs to cover: 0.140%
Break-even: 7.2 days

Slippage unknown: Phemex: live order book, 6 min ago; Vest: 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	4.48 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 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	356.90	−0.073%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0020%	1h	357.08	−0.023%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.10	−0.017%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.89	−0.076%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.12	−0.011%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.95	−0.059%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.34	+0.050%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.16	long leg	$2.7M	$73K	10x
Variational Omni GOOGL	+0.0002%	8h	356.95	−0.059%	$4.8M	$2.4M	—	as long as short
Bitget GOOGLUSDT	+0.0006%	8h	357.18	+0.006%	$17.0M	$9.3M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0007%	1h	356.78	−0.107%	$144K	$51K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.26	+0.028%	$1.3M	$2.3M	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	356.86	−0.084%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERPshort	+0.0046%	1h	357.31	+0.042%	—	$5K	25x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.05	−0.031%	$98.8M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.86	−0.084%	$684K	$434K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.99	−0.048%	$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	+0.0056%	8h	357.10	−0.017%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.21	+0.014%	$293	$253	5x	as long as short
Lighter GOOGL	+0.0072%	1h	357.26	+0.028%	$2.1M	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0076%	8h	357.22	+0.017%	$72.8M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.13	−0.010%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.83	−0.092%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0094%	8h	357.24	+0.022%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	−0.055%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.71	−0.126%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.89	−0.076%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.06	−0.028%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.02	−0.038%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.04	−0.034%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0169%	8h	357.17	+0.003%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0829%	4h	356.95	−0.060%	$208K	$1.2M	10x	as long as short