Funding arb · Price arb / RWA

GOOGL

RWAAll GOOGL markets →

LONGReya▾Reya −0.1392%Backpack −0.0231%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%AZverse +0.0008%Lighter +0.0032%Lighter RH +0.0032%Injective +0.0033%Aftermath Perps +0.0034%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%tradeXYZ +0.0050%BingX +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%Paradex +0.0063%Polymarket Perps +0.0067%edgeX +0.0072%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%RISEx +0.0339%Nado +0.0421%Kraken Futures +0.0980%

⇄⇅

SHORTPhemex▾Kraken Futures +0.0980%Nado +0.0421%RISEx +0.0339%BloFin +0.0120%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%edgeX +0.0072%Polymarket Perps +0.0067%Paradex +0.0063%Ondo Perps +0.0050%tradeXYZ +0.0050%BingX +0.0050%SoDEX +0.0050%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Aftermath Perps +0.0034%Injective +0.0033%Lighter +0.0032%Lighter RH +0.0032%AZverse +0.0008%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%Deribit 0.0000%HTX 0.0000%Phemex 0.0000%Backpack −0.0231%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ReyaGOOGLRUSDPERP	281.17	−0.1392	get 0.0174% / 1h	55m 14s	$86K	$86K	15x	Long Reya
SHORT	PhemexGOOGLUSDT	282.11	0	0.0000% / 4h	3h 55m	$2.4M	$84K	10x	Short Phemex

Price gap+0.334%

Funding gap+0.1392% /8h

Both sides work: funding pays +$42 a day on $10k, and the gap is 0.075% above its 7d average: +$7 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.441% in total, about +0.0210%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.334%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ReyaPhemex

GOOGL on 43 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for Reya: its slippage is not counted.
• i
  Note: Margin at max leverage$667 + $1,000

  Reya 15x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 4h

  Payments land at different times. Close right after the slower leg pays.

  Long Reya · 1h+$41.76

  Short Phemex · 4h$0.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$41.76Long Reya: 24 payments, +$41.76; short Phemex: 6 payments, $0.00.
• ✓
  OK: Entry gap works for you+0.334% vs +0.259%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$86K vs $2.4M OI

  Reya sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legReya points

  Volume here counts toward the points program.
• !
  Watch: KYCReya No · Phemex Yes

  KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0210%/8h × 21 periods+$44.11

Price spread+0.334% → +0.259% (7d avg)+$7.47

Slippage, 4 ordersno data for Reya—

Fee Reya bp × 2 orders−$6.00

Fee Phemex bp × 2 orders−$12.00

Net, fees only · 7 days · $10k+$33.58

Costs to cover0.180%Break-even1.7 days

Slippage: Reya: no order-book sample; Phemex: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGReya—————

SELL · SHORTPhemex1.4232.4 bp−$32107.8 bp−$1,078doesn’t fitdoesn’t fit

Closing costs about the same again.
Reya: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

GOOGL news

posts that mention GOOGL or Alphabet, from every exchangeSearch all news →

10-30 10:31	Markets by Kinetiq	Other	BREAKING: Big Tech stocks are getting crushed, with Wall Street bracing for a brutal Friday. $INTC: -25% $GOOGL: -10% $AMZN: -7% Nasdaq futures are plunging more than 2.5%. @Markets_xyz on X ↗
10-29 14:30	Kalshi	Other	JUST IN: Alphabet stock falls 13% and erases $500 billion in value after earnings miss @Kalshi on X ↗
10-29 13:32	Vest Markets	Other	Trade $GOOGL post-earnings volatility with a Vest Capital funded account. Access up to $50k in trading capital at: @VestExchange on X ↗
10-29 13:32	Vest Markets	Other	$GOOGL missed Q3 revenue and EPS estimates after yesterday's close, with free cash flow at -$9.07B. → Revenue: $127.6B vs. $127.91B expected, up 25% YoY → EPS: $2.12 vs. $3.01 expected, or $2.67 excluding a $0.55 equity securities loss → Google Cloud: $30.7B, up 103% YoY, beating estimates At the open, $GOOGL is down around 12%, with Search & other at $63.35B below the $64.9B expected, despite query growth at a five-year high. Quarterly capex more than doubled to $51.4B, with the 2026 plan held at $195B to $205B and 2027 spending guided significantly higher. @VestExchange on X ↗
10-29 10:10	Reya	Other	$GOOGL moved -10% overnight. With the US market closed, anyone with a view has no way to act on it until 9:30 ET. RWAs 24/7 on Reya. As the price moves, not when the exchange opens. @reya_xyz on X ↗
10-29 09:00	MEXC	Other	🤖 Same AI bet, opposite market reactions. 🟢 $MSFT: +4% | Cloud revenue +30% 🔴 $GOOGL: -8% | Free cash flow -$9.07B Tech companies spend big on AI, but investors reward returns. Who's winning the AI race? 👇 @MEXC on X ↗