GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.012%

Price spread now: Deribit against Phoenix+0.056%70s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.313% of the position

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now +0.056%, 7d avg +0.015%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.041% dearer against Phoenix than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOOGL	355.95	0.0112	pay 0.0014% / 1h	3m 29s	$137K	$48K	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.15	0.0199	get 0.0025% / 1h	3m 29s	$22K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. 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 PhoenixbpFee DeribitbpOrdersPrice spread, now +0.056%Rate

Funding earned: $18.27
Price spread: +0.056% → +0.015%: $4.11
Slippage, 4 orders: −$17.29
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$8.92
Costs to cover: 0.313%
Break-even: 10.4 days

Slippage from Phoenix: live order book, 12 min ago; Deribit: live order book, 20 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 Phoenix live order book, 12 min ago	2.81 bp	8.7 bp −$9	18.2 bp −$182	doesn't fit	doesn't fit
Sell Deribit live order book, 20 min ago	0.14 bp	3.6 bp −$4	7.0 bp −$70	doesn't fit	doesn't fit

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
Hotstuff GOOGL-PERP	−0.0056%	1h	356.02	+0.020%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.045%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.10	+0.042%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.28	+0.093%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.12	+0.048%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	+0.081%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.19	+0.067%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.24	+0.081%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.39	+0.124%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.27	+0.090%	$2.7M	$64K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.99	+0.010%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0024%	8h	356.28	+0.093%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	356.24	+0.082%	$422K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.087%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.329%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.17	+0.062%	$1.3M	$4.7M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0043%	8h	356.32	+0.104%	$13.8M	$12.9M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.18	+0.065%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.02	+0.020%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.06	+0.031%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.01	+0.017%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.90	−0.014%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0053%	8h	356.13	+0.051%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	356.22	+0.076%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.02	+0.020%	$202K	$270K	10x	as long as short
BloFin GOOGL-USDT	+0.0080%	8h	356.15	+0.056%	$688K	$235K	20x	as long as short
Nado GOOGL-PERP	+0.0091%	1h	355.91	−0.010%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.017%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.045%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.020%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.13	+0.051%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.08	+0.035%	$25K	—	10x	as long as short
Phoenix GOOGLlong	+0.0112%	1h	355.95	long leg	$137K	$48K	20x
Deribit GOOGL_USDC-PERPETUALshort	+0.0199%	1h	356.15	+0.056%	$22K	$151K	10x
Lighter GOOGL	+0.0200%	1h	356.26	+0.087%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0630%	4h	356.23	+0.078%	$208K	$1.2M	10x	as long as short