Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h −0.005%

Price spread now: Variational Omni against Phoenix+0.019%7-day average +0.049% · you sell dearer than you buy

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

Long on Phoenix Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.019%, 7d avg +0.049%

Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.030% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOOGL	356.06	0.0112	pay 0.0014% / 1h	9m 24s	$137K	$48K	20x
Short	Variational Omni GOOGL	356.13	0	get 0.0000% / 8h	2h 09m	$4.6M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: −$23.62
Price spread: +0.019% → +0.049%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.63
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 6 min ago; Variational Omni: RFQ quote, 5 min ago. 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 Phoenix live order book, 6 min ago	2.81 bp	8.7 bp −$9	18.2 bp −$182	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.61 bp	doesn't fit	8.3 bp −$83	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
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.076%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.07	+0.003%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.21	+0.042%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.02	−0.011%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	356.13	+0.019%	$4.6M	$2.6M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.15	+0.027%	$23K	$509K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.14	+0.022%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.05	−0.003%	$22K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.20	+0.039%	$114K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.20	+0.039%	$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
Extended GOOGL-USD	+0.0016%	1h	356.12	+0.017%	$422K	$1.6M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.96	−0.028%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0017%	8h	356.15	+0.025%	$72.8M	$141.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.056%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.298%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0034%	8h	356.15	+0.025%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.05	−0.003%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.26	+0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.98	−0.022%	$97.9M	$25.3M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	356.10	+0.011%	$17.0M	$9.2M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.02	−0.011%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.95	−0.031%	$190	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.77	−0.081%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.12	+0.016%	$292	$253	5x	as long as short
BloFin GOOGL-USDT	+0.0068%	8h	356.15	+0.025%	$689K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	355.95	−0.031%	$202K	$303K	10x	as long as short
Nado GOOGL-PERP	+0.0085%	1h	355.92	−0.038%	$556K	$81K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	355.97	−0.025%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.91	−0.042%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.80	−0.073%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.91	−0.042%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.09	+0.008%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.02	−0.010%	$25K	—	10x	as long as short
Phoenix GOOGLlong	+0.0112%	1h	356.06	long leg	$137K	$48K	20x
Lighter GOOGL	+0.0192%	1h	356.23	+0.048%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0193%	4h	356.12	+0.018%	$208K	$1.2M	10x	as long as short