Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.036%

Price spread now: QFEX against Aster−0.074%53s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$490.492% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.074%, 7d avg −0.018%

Together, before fees−0.010%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.056% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 53 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	357.42	0.0073	pay 0.0073% / 8h	2h 44m	$366K	$426K	20x
Short	QFEX GOOGL-USD	357.16	0.0047	get 0.0006% / 1h	44m 43s	$1.3M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$5.39
Price spread: −0.074% → −0.018%: −$5.62
Slippage, 4 orders: −$31.22
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$60.23
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; QFEX: live order book, 4 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, 3 min ago	3.64 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.40 bp	6.4 bp −$6	7.3 bp −$73	13.1 bp −$1,308	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	357.18	−0.068%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.30	−0.035%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.23	−0.054%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.93	−0.138%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.35	−0.021%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.40	−0.007%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0010%	8h	357.26	−0.046%	$23K	$448K	10x	as long as short
Variational Omni GOOGL	+0.0015%	8h	357.17	−0.071%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	−0.066%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.16	−0.075%	$144K	$47K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.26	−0.046%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.085%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	356.99	−0.121%	$557K	$86K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.00	−0.119%	$207K	$278K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0045%	8h	357.15	−0.077%	$13.7M	$12.6M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.24	−0.052%	—	$5K	25x	as long as short
QFEX GOOGL-USDshort	+0.0047%	1h	357.16	−0.074%	$1.3M	$4.3M	10x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.04	−0.108%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.04	−0.108%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.110%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.93	−0.138%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	357.16	−0.074%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.04	−0.108%	$33K	—	20x	as long as short
Aster GOOGLUSDTlong	+0.0073%	8h	357.42	long leg	$366K	$426K	20x
Binance GOOGLUSDT	+0.0093%	8h	357.27	−0.043%	$72.3M	$143.1M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.18	−0.067%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.02	−0.115%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.06	−0.102%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	−0.116%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.13	−0.082%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.09	−0.093%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.02	−0.113%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	357.25	−0.049%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0213%	8h	357.29	−0.038%	$692K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0229%	8h	357.35	−0.021%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0830%	4h	357.24	−0.053%	$208K	$1.2M	10x	as long as short