Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.040%

Price spread now: Aftermath Perps against Bybit−0.018%7-day average −0.072% · 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−$39as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.018%, 7d avg −0.072%

Together, before fees−0.199%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aftermath Perps is 0.054% dearer against Bybit than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.072%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.67	0.0078	pay 0.0078% / 8h	9m 53s	$11.5M	$7.8M	100x
Short	Aftermath Perps GOOGLUSD	357.61	0.0022	get 0.0003% / 1h	9m 53s	$144K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$11.76
Price spread: −0.018% → −0.072%: $5.36
Slippage, 4 orders: −$24.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$50.51
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Aftermath Perps: live order book, 29 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 Bybit live order book, 3 min ago	0.28 bp	8.6 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 29 min ago	8.66 bp	14.5 bp −$14	21.5 bp −$215	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	357.09	−0.162%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.52	−0.043%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.68	+0.003%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.60	−0.020%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.034%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	+0.006%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.71	+0.012%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.017%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.51	−0.045%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.045%	$115K	$209K	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	357.77	+0.028%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0003%	8h	357.77	+0.028%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0022%	1h	357.61	−0.018%	$144K	$44K	10x
Extended GOOGL-USD	+0.0024%	1h	357.61	−0.016%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.69	+0.006%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.62	−0.014%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.154%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.64	−0.008%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.48	−0.053%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.16	−0.143%	$3.0M	$108K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.82	+0.042%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.49	−0.050%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.47	−0.056%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.062%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.039%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	−0.098%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.66	−0.004%	$293	$253	5x	as long as short
Bybit GOOGLUSDTlong	+0.0078%	8h	357.67	long leg	$11.5M	$7.8M	100x
Pacifica GOOGL	+0.0100%	1h	357.46	−0.058%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	−0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	−0.034%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0107%	8h	357.60	−0.020%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.69	+0.006%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.59	−0.022%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0365%	4h	357.63	−0.011%	$209K	$1.2M	10x	as long as short