Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h +0.010%

Price spread now: Injective against Aster+0.105%67s7-day average +0.047% · you sell dearer than you buy

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−$500.500% of the position

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.105%, 7d avg +0.047%

Together, before fees−0.076%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.058% dearer against Aster than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of +0.047%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.018% in total) that is about 23 days. The two prices were read 67 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	356.75	0.0107	pay 0.0107% / 8h	38m 12s	$362K	$455K	20x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	38m 12s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.105%Rate

Funding earned: −$15.5
Price spread: +0.105% → +0.047%: $5.82
Slippage, 4 orders: −$41.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$59.66
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from Aster: live order book, 39 min ago; Injective: live order book, 40 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, 39 min ago	3.22 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 40 min ago	10.24 bp	10.2 bp −$10	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
Gate GOOGL_USDT	0.0000%	8h	356.49	−0.072%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	−0.038%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.75	+0.001%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.76	+0.004%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.097%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.41	−0.093%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.63	−0.033%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	+0.105%	$128K	$45K	30x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.52	−0.063%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0047%	8h	356.59	−0.044%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps GOOG-USD	+0.0050%	1h	356.36	−0.108%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.28	−0.131%	$197	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.24	−0.142%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0054%	8h	356.55	−0.055%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.51	−0.066%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0066%	1h	356.28	−0.131%	$98.8M	$25.2M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0089%	8h	356.53	−0.061%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0097%	8h	356.68	−0.019%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.25	−0.139%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.119%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.39	−0.100%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.53	−0.061%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.53	−0.060%	$25K	—	10x	as long as short
Aster GOOGLUSDTlong	+0.0107%	8h	356.75	long leg	$362K	$455K	20x
Nado GOOGL-PERP	+0.0110%	1h	356.30	−0.125%	$559K	$82K	20x	as long as short
Bitget GOOGLUSDT	+0.0116%	8h	356.63	−0.033%	$16.9M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.55	−0.055%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0129%	8h	356.61	−0.038%	$73.1M	$142.9M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0148%	8h	356.64	−0.030%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.49	−0.072%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0176%	1h	356.31	−0.122%	$33K	—	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0199%	1h	356.42	−0.091%	$23K	$152K	10x	as long as short
BloFin GOOGL-USDT	+0.0248%	8h	356.71	−0.010%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.40	−0.097%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0304%	1h	356.62	−0.035%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0343%	4h	356.59	−0.045%	$208K	$1.2M	10x	as long as short