Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Phemex against Aevo+0.098%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 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 0.098% dearer against Aevo than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo GOOGL-PERP	357.41	0.0104	pay 0.0013% / 1h	7m 00s	$25K	—	10x
Short	Phemex GOOGLUSDT	357.76	0	get 0.0000% / 4h	7m 00s	$2.7M	$88K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$21.84
Price spread: +0.098% → 0.000%: $9.82
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.02
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: 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 Aevo no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	2.38 bp	47.6 bp −$48	doesn't fit	doesn't fit	doesn't fit

Aevo: 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	−0.0048%	1h	357.09	−0.089%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.35	−0.016%	$550K	$88K	20x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	357.33	−0.022%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.64	+0.065%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.51	+0.028%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.66	+0.070%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	+0.079%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.092%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.60	+0.053%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.37	−0.011%	$24K	$157K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.73	+0.090%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	357.76	+0.098%	$2.7M	$88K	10x
Aster GOOGLUSDT	+0.0002%	8h	357.67	+0.073%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.63	+0.062%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.49	+0.023%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0025%	8h	357.59	+0.050%	$72.1M	$143.2M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.45	+0.011%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.081%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.48	+0.020%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.45	+0.011%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0041%	8h	357.18	−0.064%	$3.0M	$110K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.67	+0.073%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.32	−0.025%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.33	−0.022%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.37	−0.011%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.003%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.51	+0.027%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0076%	8h	357.57	+0.045%	$11.5M	$7.8M	100x	as long as short
BloFin GOOGL-USDT	+0.0100%	8h	357.61	+0.056%	$687K	$236K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.32	−0.024%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	+0.037%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.35	−0.017%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERPlong	+0.0104%	1h	357.41	long leg	$25K	—	10x
Lighter GOOGL	+0.0112%	1h	357.53	+0.034%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.55	+0.039%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.69	+0.079%	$209K	$1.2M	10x	as long as short