Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h +0.038%

Price spread now: Aster against Coinbase International+0.026%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.026%, 7d avg +0.139%

Together, before fees+0.045%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.112% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.139%). If the spread goes back, that is −$11 on $10k: about 5.6 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.063% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOOGL-PERP-INTX	357.67	0.0016	pay 0.0002% / 1h	17m 11s	$522K	$1.1M	10x
Short	Aster GOOGLUSDT	357.76	0.0083	get 0.0083% / 8h	3h 17m	$366K	$426K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.026%Rate

Funding earned: $14.15
Price spread: +0.026% → +0.139%: −$11.24
Slippage, 4 orders: −$32.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$47.59
Costs to cover: 0.505%
Break-even: 30.5 days

Slippage from Coinbase International: live order book, 1 min ago; Aster: live order book, 35 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 Coinbase International live order book, 1 min ago	2.38 bp	8.3 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Aster live order book, 35 min ago	3.08 bp	9.5 bp −$10	11.7 bp −$117	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	357.92	+0.070%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.08	+0.115%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.04	+0.103%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.99	+0.089%	$115K	$217K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.12	+0.126%	$2.7M	$85K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.80	+0.036%	$24K	$156K	10x	as long as short
Coinbase International GOOGL-PERP-INTXlong	+0.0016%	1h	357.67	long leg	$522K	$1.1M	10x
Nado GOOGL-PERP	+0.0018%	1h	357.75	+0.023%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.81	+0.038%	$145K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0027%	8h	357.98	+0.086%	$24K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0028%	8h	358.00	+0.093%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.04	+0.103%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.154%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.73	+0.017%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.98	+0.087%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.79	+0.034%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.78	+0.031%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.80	+0.036%	$148	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.63	−0.011%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.79	+0.034%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.95	+0.078%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	357.92	+0.070%	$293	$253	5x	as long as short
Aster GOOGLUSDTshort	+0.0083%	8h	357.76	+0.026%	$366K	$426K	20x
OKX GOOGL-USDT-SWAP	+0.0084%	8h	357.99	+0.089%	$13.8M	$12.5M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.98	+0.086%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.57	−0.028%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.71	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.87	+0.056%	$10K	$11K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.96	+0.081%	$419K	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.92	+0.071%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	358.05	+0.105%	$72.5M	$142.6M	50x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.75	+0.022%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	358.04	+0.103%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	358.01	+0.095%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	358.12	+0.126%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0716%	4h	357.99	+0.089%	$209K	$1.2M	10x	as long as short