GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0667%/8h= −73.0% APRnext payment −$0.83 per $10,000 · paid last 24h −0.006%

Price spread now: Deribit against tradeXYZ−0.084%7-day average +0.035% · 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−$44as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on tradeXYZ Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.388%+$39 · spread now −0.084%, 7d avg +0.035%

Together, before fees+0.463%+ Points / potential airdroptradeXYZ: Active · farm board+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Deribit is 0.119% cheaper against tradeXYZ than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.076%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.076% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.54	0.0050	pay 0.0006% / 1h	46m 56s	$99.0M	$22.5M	20x
Short	Deribit GOOGL_USDC-PERPETUAL	357.24	−0.0617	pay 0.0077% / 1h	46m 56s	$23K	$154K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against tradeXYZ. 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 tradeXYZbpFee DeribitbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$140.07
Price spread: −0.084% → +0.035%: −$11.92
Slippage, 4 orders: −$6.66
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$183.64
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Deribit: live order book, 16 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 tradeXYZ live order book, 3 min ago	0.14 bp	9.6 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 16 min ago	0.14 bp	3.6 bp −$4	4.4 bp −$44	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
Deribit GOOGL_USDC-PERPETUALshort	−0.0617%	1h	357.24	−0.084%	$23K	$154K	10x
Nado GOOGL-PERP	−0.0066%	1h	357.60	+0.016%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.070%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	+0.028%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.021%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	+0.030%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.71	+0.048%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.095%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.75	+0.059%	$2.7M	$75K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.43	−0.031%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0022%	8h	357.80	+0.073%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	+0.022%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.059%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.117%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0035%	8h	357.64	+0.027%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.031%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	+0.084%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.54	long leg	$99.0M	$22.5M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.40	−0.039%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	0.000%	$144	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.38	−0.045%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.73	+0.052%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0055%	8h	357.73	+0.053%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.63	+0.025%	$421K	$1.8M	20x	as long as short
Bitget GOOGLUSDT	+0.0056%	8h	357.74	+0.056%	$17.0M	$9.3M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.54	0.000%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.067%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.017%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.34	−0.056%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.57	+0.008%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	+0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	+0.006%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	0.000%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0133%	8h	357.72	+0.050%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0175%	8h	357.69	+0.042%	—	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0789%	4h	357.68	+0.038%	$209K	$1.2M	10x	as long as short