Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.017%

Price spread now: Aftermath Perps against SunX−0.008%7-day average −0.059% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1291.285% of the position

Long on SunX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now −0.008%, 7d avg −0.059%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.052% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	357.43	0	get 0.0000% / 8h	3h 50m	$819	$4.1M	20x
Short	Aftermath Perps GOOGLUSD	357.40	0.0030	get 0.0004% / 1h	50m 10s	$144K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against SunX. 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 SunXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: $6.32
Price spread: −0.008% → −0.059%: $5.15
Slippage, 4 orders: −$111.53
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$117.05
Costs to cover: 1.285%
Break-even: 136.6 days

Slippage from SunX: live order book, 8 min ago; Aftermath Perps: live order book, 4 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 SunX live order book, 8 min ago	44.87 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 4 min ago	4.00 bp	18.6 bp −$19	doesn't fit	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
Gate GOOGL_USDT	0.0000%	8h	357.35	−0.022%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.47	+0.011%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.43	long leg	$819	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	357.58	+0.042%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.58	+0.042%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.36	−0.020%	$524K	$1.1M	10x	as long as short
Variational Omni GOOGL	+0.0029%	8h	357.45	+0.006%	$4.8M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	+0.0030%	8h	357.58	+0.042%	$23K	$432K	10x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0030%	1h	357.40	−0.008%	$144K	$48K	10x
Lighter RH GOOGL	+0.0032%	1h	357.47	+0.011%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.087%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.25	−0.050%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.39	−0.011%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.23	−0.056%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.18	−0.070%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.12	−0.087%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.40	−0.008%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0089%	8h	357.60	+0.047%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0090%	1h	357.17	−0.073%	$557K	$80K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0097%	1h	357.20	−0.064%	$99.1M	$20.5M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.44	+0.002%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.16	−0.076%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.28	−0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.28	−0.042%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.32	−0.030%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.45	+0.006%	$72.6M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.33	−0.027%	$422K	$1.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0114%	1h	357.22	−0.059%	$24K	$155K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0116%	8h	357.47	+0.011%	$13.8M	$12.4M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	357.27	−0.045%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0121%	8h	357.38	−0.014%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.38	−0.014%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0227%	8h	357.52	+0.025%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0248%	8h	357.52	+0.025%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0336%	1h	357.46	+0.008%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0914%	4h	357.53	+0.028%	$208K	$1.2M	10x	as long as short