Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.036%

Price spread now: Coinbase International against Aster−0.049%54s7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.460% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.049%, 7d avg −0.139%

Together, before fees+0.124%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.090% dearer against Aster than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.139%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.062% in total) that is about 10 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.64	0.0028	pay 0.0028% / 8h	5h 03m	$366K	$457K	20x
Short	Coinbase International GOOGL-PERP-INTX	357.46	−0.0064	pay 0.0008% / 1h	3m 28s	$524K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$19.29
Price spread: −0.049% → −0.139%: $9
Slippage, 4 orders: −$28.01
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$56.3
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from Aster: live order book, 59 min ago; Coinbase International: live order book, 5 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 Aster live order book, 59 min ago	2.80 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.98 bp	6.8 bp −$7	10.2 bp −$102	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-INTXshort	−0.0064%	1h	357.46	−0.049%	$524K	$1.1M	10x
Hotstuff GOOGL-PERP	−0.0024%	1h	357.65	+0.004%	$33K	—	20x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.63	−0.002%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.80	+0.046%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.92	+0.078%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.92	+0.079%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.98	+0.096%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.99	+0.099%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.99	+0.099%	$2.7M	$81K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	357.62	−0.003%	$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
Aster GOOGLUSDTlong	+0.0028%	8h	357.64	long leg	$366K	$457K	20x
QFEX GOOGL-USD	+0.0028%	1h	357.80	+0.046%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.90	+0.074%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.144%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.64	+0.001%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.85	+0.060%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.81	+0.049%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0048%	8h	357.94	+0.085%	$73.1M	$141.4M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.70	+0.018%	$99.1M	$21.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.67	+0.010%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.66	+0.007%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.61	−0.007%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0061%	8h	357.92	+0.079%	$17.5M	$9.6M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0074%	8h	357.82	+0.052%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.84	+0.057%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.47	−0.046%	$3.0M	$70K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.60	−0.010%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.64	+0.001%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.79	+0.042%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0105%	8h	358.06	+0.119%	$12.0M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0107%	8h	357.89	+0.071%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.78	+0.040%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.99	+0.099%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.94	+0.085%	$2.1M	$1.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0169%	1h	357.75	+0.032%	$24K	$155K	10x	as long as short
edgeX GOOGLUSDC	+0.0510%	4h	357.91	+0.078%	$209K	$1.2M	10x	as long as short