Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.030%

Price spread now: Phemex against Variational Omni+0.009%7-day average +0.034% · you sell dearer than you buy

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.174%+$17 · spread now +0.009%, 7d avg +0.034%

Together, before fees+0.142%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.025% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.24	0	get 0.0000% / 8h	2h 03m	$4.6M	$2.6M	—
Short	Phemex GOOGLUSDT	356.27	0	get 0.0000% / 4h	2h 03m	$2.7M	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. 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 Variational OmnibpFee PhemexbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.034%: −$2.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$14.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Phemex: live order book, 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 Variational Omni RFQ quote, just now	2.62 bp	doesn't fit	12.1 bp −$121	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.26 bp	27.7 bp −$28	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
Hotstuff GOOGL-PERP	−0.0048%	1h	356.00	−0.067%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.126%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.10	−0.040%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.28	+0.012%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.12	−0.033%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	356.24	long leg	$4.6M	$2.6M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.17	−0.018%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.24	0.000%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.39	+0.042%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	356.27	+0.009%	$2.7M	$64K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.99	−0.071%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0024%	8h	356.28	+0.012%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	356.24	0.000%	$422K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.006%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.247%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0041%	8h	356.33	+0.026%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.18	−0.017%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.20	−0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.02	−0.061%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.05	−0.053%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.01	−0.064%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.90	−0.095%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0053%	8h	356.13	−0.031%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	356.22	−0.005%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.02	−0.061%	$202K	$270K	10x	as long as short
BloFin GOOGL-USDT	+0.0080%	8h	356.15	−0.025%	$688K	$235K	20x	as long as short
Nado GOOGL-PERP	+0.0089%	1h	355.92	−0.091%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.098%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.126%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.90	−0.095%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.13	−0.031%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.08	−0.046%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.081%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0199%	1h	356.15	−0.025%	$22K	$151K	10x	as long as short
Lighter GOOGL	+0.0200%	1h	356.26	+0.006%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0398%	4h	356.14	−0.026%	$208K	$1.2M	10x	as long as short