Funding you earn now, next payment 01:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.14 per $10,000 · paid last 24h +0.022%
Price spread now: Phoenix against Coinbase International+0.062%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.062%, 7d avg +0.071%
=The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International GOOGL-PERP-INTX | 356.40 | −0.0024 | get 0.0003% / 1h | 36m 27s | $529K | $1.1M | 10x |
| Short | Phoenix GOOGL | 356.62 | 0.0090 | get 0.0011% / 1h | 36m 27s | $137K | $36K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.9
- Price spread: +0.062% → +0.071%
- −$0.95
- Slippage, 4 orders
- −$14.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$8.16
- Costs to cover
- 0.311%
- Break-even
- 9.4 days
Slippage from Coinbase International: live order book, 2 min ago; Phoenix: live order book, 24 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, 2 min ago | 1.82 bp | 7.4 bp −$7 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 24 min ago | 2.53 bp | 8.4 bp −$8 | 17.3 bp −$173 | 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-INTXlong | −0.0024% | 1h | 356.40 | long leg | $529K | $1.1M | 10x | |
| Hotstuff GOOGL-PERP | 0.0000% | 1h | 356.64 | +0.067% | $33K | — | 20x | as long as short |
| Gate GOOGL_USDT | 0.0000% | 8h | 356.68 | +0.079% | $3.6M | $7.5M | 100x | as long as short |
| Bitget GOOGLUSDT | 0.0000% | 8h | 356.75 | +0.098% | $16.9M | $9.3M | 100x | as long as short |
| GRVT GOOGL_USDT_Perp | 0.0000% | 8h | 356.73 | +0.092% | $23K | $436K | 10x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 356.73 | +0.093% | $1K | $4.1M | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | 0.0000% | 1h | 356.49 | +0.025% | $23K | $153K | 10x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 356.83 | +0.121% | $114K | $227K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 356.72 | +0.090% | $2.7M | $67K | 10x | as long as short |
| Nado GOOGL-PERP | 0.0000% | 1h | 356.59 | +0.054% | $556K | $80K | 20x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps GOOGLUSD | +0.0008% | 1h | 356.47 | +0.019% | $144K | $51K | 10x | as long as short |
| Variational Omni GOOGL | +0.0022% | 8h | 356.66 | +0.073% | $4.7M | $2.4M | — | as long as short |
| Lighter RH GOOGL | +0.0032% | 1h | 356.77 | +0.104% | $1.4M | $2.3M | 20x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | +0.202% | $128K | $45K | 30x | as long as short |
| QFEX GOOGL-USD | +0.0039% | 1h | 356.66 | +0.073% | $1.3M | $4.5M | 10x | as long as short |
| Arcus GOOGL-USD | +0.0040% | 1h | 356.49 | +0.025% | $202K | $272K | 10x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 356.85 | +0.126% | — | $5K | 25x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 356.70 | +0.084% | $98.6M | $22.3M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 356.48 | +0.022% | $683K | $433K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 356.64 | +0.067% | $158 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 356.47 | +0.020% | $2.3M | $4.9M | 15x | as long as short |
| Lighter GOOGL | +0.0056% | 1h | 356.75 | +0.098% | $2.1M | $1.2M | 20x | as long as short |
| edgeX GOOGLUSDC | +0.0061% | 4h | 356.68 | +0.077% | $209K | $1.2M | 10x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0063% | 8h | 356.76 | +0.102% | $293 | $253 | 5x | as long as short |
| Aster GOOGLUSDT | +0.0072% | 8h | 356.63 | +0.065% | $365K | $458K | 20x | as long as short |
| Phoenix GOOGLshort | +0.0090% | 1h | 356.62 | +0.062% | $137K | $36K | 20x | |
| Binance GOOGLUSDT | +0.0093% | 8h | 356.78 | +0.107% | $72.7M | $141.5M | 50x | as long as short |
| Extended GOOGL-USD | +0.0096% | 1h | 356.67 | +0.077% | $421K | $1.8M | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 356.52 | +0.032% | $42K | $43K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 356.38 | −0.006% | $3.0M | $65K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 356.58 | +0.051% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 356.60 | +0.056% | $10K | $10K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 356.57 | +0.047% | $25K | — | 10x | as long as short |
| Bybit GOOGLUSDT | +0.0122% | 8h | 356.94 | +0.152% | $11.6M | $7.4M | 100x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.0182% | 8h | 356.86 | +0.129% | $13.8M | $12.8M | 50x | as long as short |
| BloFin GOOGL-USDT | +0.0215% | 8h | 356.47 | +0.020% | $651K | $234K | 20x | as long as short |
Coinbase International GOOGL-PERP-INTX
Phoenix GOOGL
Gate GOOGL_USDT
Bitget GOOGLUSDT
GRVT GOOGL_USDT_Perp
SunX GOOGL-USDT
Deribit GOOGL_USDC-PERPETUAL
HTX GOOGL-USDT
Phemex GOOGLUSDT
Aftermath Perps GOOGLUSD
Variational Omni GOOGL
Lighter RH GOOGL
Injective GOOGL/USDC PERP
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Lighter GOOGL
edgeX GOOGLUSDC
Paradex GOOGL-USD-PERP
Aster GOOGLUSDT
Binance GOOGLUSDT
Extended GOOGL-USD
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Bybit GOOGLUSDT
OKX GOOGL-USDT-SWAP
BloFin GOOGL-USDT