Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Phemex against SoDEX+0.118%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Phemex

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—needs both histories

The price spread pays, funding is against you. Phemex is 0.118% dearer against SoDEX than usual: you sell high and buy low (spread +0.118% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX GOOGL-USD	356.64	0.0050	pay 0.0006% / 1h	41m 49s	$153	$46K	10x
Short	Phemex GOOGLUSDT	357.06	0	get 0.0000% / 4h	1h 41m	$2.7M	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. 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 SoDEXbpFee PhemexbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$10.5
Price spread: +0.118% → 0.000%: $11.78
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$18.72
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 2 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 SoDEX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	1.68 bp	29.5 bp −$30	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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 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	−0.0024%	1h	356.60	−0.011%	$511K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	356.68	+0.011%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.85	+0.059%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.77	+0.036%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.00	+0.101%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.94	+0.085%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.01	+0.104%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.92	+0.079%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.65	+0.003%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.06	+0.118%	$115K	$212K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDTshort	0.0000%	4h	357.06	+0.118%	$2.7M	$87K	10x
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.68	+0.011%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.81	+0.048%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.135%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0034%	1h	356.65	+0.002%	$549K	$90K	20x	as long as short
Aster GOOGLUSDT	+0.0034%	8h	357.09	+0.125%	$365K	$424K	20x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.82	+0.050%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.65	+0.003%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.91	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.63	−0.003%	$98.0M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.66	+0.006%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USDlong	+0.0050%	1h	356.64	long leg	$153	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.39	−0.070%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.79	+0.041%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0055%	8h	356.81	+0.048%	$72.0M	$143.7M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.82	+0.051%	$423K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.69	+0.014%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.68	+0.011%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.014%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.76	+0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.70	+0.017%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.77	+0.037%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0144%	1h	356.86	+0.062%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0174%	8h	356.92	+0.079%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0175%	8h	356.89	+0.070%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0400%	4h	356.88	+0.067%	$208K	$1.2M	10x	as long as short