Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0081%/8h= +8.8% APRpaid last 24h −0.012%

Price spread now: Phoenix against Aster−0.052%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.052%, 7d avg −0.067%

Together, before fees+0.064%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.20	0.0009	pay 0.0009% / 8h	55m 07s	$365K	$424K	20x
Short	Phoenix GOOGL	357.02	0.0090	get 0.0011% / 1h	55m 07s	$137K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.052%Rate

Funding earned: $16.91
Price spread: −0.052% → −0.067%: $1.57
Slippage, 4 orders: −$42.28
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$38.8
Costs to cover: 0.573%
Break-even: 23.1 days

Slippage from Aster: live order book, 47 min ago; Phoenix: live order book, 41 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, 47 min ago	13.99 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 41 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	356.60	−0.169%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0013%	1h	356.91	−0.082%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.05	−0.043%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.93	−0.077%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.13	−0.021%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.03	−0.049%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.14	−0.017%	$24K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.04	−0.046%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.84	−0.102%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.12	−0.024%	$115K	$211K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.19	−0.004%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDTlong	+0.0009%	8h	357.20	long leg	$365K	$424K	20x
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.01	−0.055%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0031%	8h	357.05	−0.043%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.96	−0.069%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	356.92	−0.081%	$423K	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.024%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.00	−0.057%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.87	−0.094%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.13	−0.021%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.87	−0.094%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.80	−0.113%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.86	−0.097%	$138	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.95	−0.071%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	356.97	−0.066%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0071%	8h	356.74	−0.130%	$3.0M	$101K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.01	−0.055%	$33K	—	20x	as long as short
Phoenix GOOGLshort	+0.0090%	1h	357.02	−0.052%	$137K	$36K	20x
Pacifica GOOGL	+0.0100%	1h	356.83	−0.104%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.92	−0.080%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.92	−0.080%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.90	−0.086%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0112%	8h	357.05	−0.043%	$11.5M	$7.9M	100x	as long as short
Lighter GOOGL	+0.0120%	1h	357.01	−0.055%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0123%	8h	357.16	−0.013%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0771%	4h	357.05	−0.044%	$208K	$1.2M	10x	as long as short