Funding you earn now, next payment 03:00 UTC+0.0099%/8h= +10.8% APRnext payment +$0.12 per $10,000 · paid last 24h +0.021%
Price spread now: Phoenix against Aftermath Perps−0.008%7-day average −0.004% · 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−$440.437% of the position
Funding, last 3 days (all we have)+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.008%, 7d avg −0.004%
=The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps GOOGLUSD | 357.63 | 0.0013 | pay 0.0002% / 1h | 37m 04s | $144K | $49K | 10x |
| Short | Phoenix GOOGL | 357.60 | 0.0112 | get 0.0014% / 1h | 37m 04s | $138K | $36K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aftermath Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.74
- Price spread: −0.008% → −0.004%
- −$0.36
- Slippage, 4 orders
- −$27.74
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$23.36
- Costs to cover
- 0.437%
- Break-even
- 14.9 days
Slippage from Aftermath Perps: live order book, 22 min ago; Phoenix: live order book, 14 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 Aftermath Perps live order book, 22 min ago | 2.63 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International GOOGL-PERP-INTX | −0.0048% | 1h | 357.54 | −0.025% | $526K | $1.1M | 10x | as long as short |
| Gate GOOGL_USDT | 0.0000% | 8h | 357.64 | +0.003% | $3.6M | $7.4M | 100x | as long as short |
| Variational Omni GOOGL | 0.0000% | 8h | 357.71 | +0.022% | $4.8M | $2.4M | — | as long as short |
| GRVT GOOGL_USDT_Perp | 0.0000% | 8h | 357.81 | +0.051% | $23K | $435K | 10x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 357.77 | +0.039% | $2K | $4.1M | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | 0.0000% | 1h | 357.53 | −0.028% | $24K | $155K | 10x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 357.83 | +0.056% | $115K | $221K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 357.87 | +0.067% | $2.7M | $85K | 10x | as long as short |
| Bitget GOOGLUSDT | +0.0009% | 8h | 357.78 | +0.042% | $17.5M | $9.6M | 100x | as long as short |
| Aftermath Perps GOOGLUSDlong | +0.0013% | 1h | 357.63 | long leg | $144K | $49K | 10x |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH GOOGL | +0.0032% | 1h | 357.77 | +0.039% | $1.3M | $2.1M | 20x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | −0.142% | $128K | $45K | 30x | as long as short |
| Arcus GOOGL-USD | +0.0040% | 1h | 357.43 | −0.056% | $207K | $277K | 10x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.71 | +0.023% | — | $5K | 25x | as long as short |
| QFEX GOOGL-USD | +0.0050% | 1h | 357.66 | +0.009% | $1.3M | $4.2M | 10x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 357.54 | −0.025% | $686K | $429K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 357.52 | −0.030% | $154 | $46K | 10x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 357.52 | −0.030% | $99.0M | $20.5M | 20x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 357.41 | −0.061% | $2.3M | $4.9M | 15x | as long as short |
| Aster GOOGLUSDT | +0.0055% | 8h | 357.86 | +0.066% | $366K | $457K | 20x | as long as short |
| Extended GOOGL-USD | +0.0072% | 1h | 357.67 | +0.011% | $426K | $1.8M | 20x | as long as short |
| Binance GOOGLUSDT | +0.0075% | 8h | 357.75 | +0.033% | $73.1M | $141.3M | 50x | as long as short |
| Nado GOOGL-PERP | +0.0099% | 1h | 357.48 | −0.042% | $558K | $80K | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 357.69 | +0.016% | $42K | $41K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 357.31 | −0.089% | $3.0M | $91K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 357.45 | −0.050% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 357.54 | −0.025% | $10K | $10K | 20x | as long as short |
| Hotstuff GOOGL-PERP | +0.0104% | 1h | 357.50 | −0.036% | $33K | — | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 357.60 | −0.008% | $25K | — | 10x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0106% | 8h | 357.66 | +0.010% | $293 | $253 | 5x | as long as short |
| Phoenix GOOGLshort | +0.0112% | 1h | 357.60 | −0.008% | $138K | $36K | 20x | |
| OKX GOOGL-USDT-SWAP | +0.0114% | 8h | 357.67 | +0.012% | $13.8M | $12.4M | 50x | as long as short |
| Bybit GOOGLUSDT | +0.0181% | 8h | 357.84 | +0.059% | $12.0M | $7.6M | 100x | as long as short |
| BloFin GOOGL-USDT | +0.0195% | 8h | 357.74 | +0.031% | $695K | $234K | 20x | as long as short |
| Lighter GOOGL | +0.0296% | 1h | 357.77 | +0.039% | $2.0M | $1.3M | 20x | as long as short |
| edgeX GOOGLUSDC | +0.0856% | 4h | 357.68 | +0.013% | $209K | $1.2M | 10x | as long as short |
Aftermath Perps GOOGLUSD
Phoenix GOOGL
Coinbase International GOOGL-PERP-INTX
Gate GOOGL_USDT
Variational Omni GOOGL
GRVT GOOGL_USDT_Perp
SunX GOOGL-USDT
Deribit GOOGL_USDC-PERPETUAL
HTX GOOGL-USDT
Phemex GOOGLUSDT
Bitget GOOGLUSDT
Lighter RH GOOGL
Injective GOOGL/USDC PERP
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
tradeXYZ xyz:GOOGL
Aster GOOGLUSDT
Extended GOOGL-USD
Binance GOOGLUSDT
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Paradex GOOGL-USD-PERP
OKX GOOGL-USDT-SWAP
Bybit GOOGLUSDT
BloFin GOOGL-USDT
Lighter GOOGL
edgeX GOOGLUSDC