Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.5% APRpaid last 24h +0.002%

Price spread now: Phoenix against Variational Omni−0.020%7-day average −0.048% · you buy dearer than you sell

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.020%, 7d avg −0.048%

Together, before fees−0.011%+ Points / potential airdropVariational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.028% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	357.45	0.0029	pay 0.0029% / 8h	3h 49m	$4.8M	$2.3M	—
Short	Phoenix GOOGL	357.38	0.0179	get 0.0022% / 1h	49m 19s	$137K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.020%Rate

Funding earned: $31.59
Price spread: −0.020% → −0.048%: $2.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $27.34
Costs to cover: 0.070%
Break-even: 0.9 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phoenix: live order book, 61 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, 5 min ago	2.62 bp	doesn't fit	10.1 bp −$101	doesn't fit	doesn't fit
Sell Phoenix live order book, 61 min ago	2.52 bp	8.4 bp −$8	17.2 bp −$172	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	357.17	−0.079%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.39	−0.017%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.43	−0.006%	$819	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.58	+0.036%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.58	+0.036%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.36	−0.026%	$524K	$1.1M	10x	as long as short
Variational Omni GOOGLlong	+0.0029%	8h	357.45	long leg	$4.8M	$2.3M	—
GRVT GOOGL_USDT_Perp	+0.0030%	8h	357.58	+0.036%	$23K	$432K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.20	−0.071%	$144K	$48K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.39	−0.017%	$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	−0.093%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.20	−0.071%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.32	−0.037%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.04	−0.115%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.18	−0.076%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.12	−0.093%	$2.3M	$4.8M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.19	−0.073%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.22	−0.065%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0090%	8h	357.53	+0.021%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0090%	1h	357.08	−0.105%	$557K	$80K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0092%	1h	357.02	−0.121%	$99.0M	$20.5M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.37	−0.023%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.13	−0.090%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.28	−0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.18	−0.076%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.32	−0.036%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0110%	8h	357.21	−0.068%	$72.6M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.19	−0.073%	$422K	$1.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0114%	1h	357.22	−0.065%	$24K	$155K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0115%	8h	357.24	−0.059%	$13.8M	$12.4M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0121%	8h	357.29	−0.046%	$293	$253	5x	as long as short
Phoenix GOOGLshort	+0.0179%	1h	357.38	−0.020%	$137K	$36K	20x
BloFin GOOGL-USDT	+0.0227%	8h	357.52	+0.019%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0250%	8h	357.39	−0.017%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0344%	1h	357.36	−0.026%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0914%	4h	357.53	+0.022%	$208K	$1.2M	10x	as long as short