Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0255%/8h= +28.0% APRpaid last 24h +0.049%

Price spread now: Aster against Deribit+0.080%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.080%, 7d avg +0.056%

Together, before fees−0.111%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aster is 0.023% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.056%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.049% in total (about -3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.32	−0.0253	get 0.0032% / 1h	59m 25s	$24K	$157K	10x
Short	Aster GOOGLUSDT	357.61	0.0002	get 0.0002% / 8h	7h 59m	$366K	$422K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.080%Rate

Funding earned: $53.61
Price spread: +0.080% → +0.056%: $2.35
Slippage, 4 orders: −$28.77
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $12.19
Costs to cover: 0.438%
Break-even: 5.4 days

Slippage from Deribit: live order book, 39 min ago; Aster: live order book, 38 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 Deribit live order book, 39 min ago	0.14 bp	8.9 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell Aster live order book, 38 min ago	2.52 bp	7.6 bp −$8	11.2 bp −$112	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
Deribit GOOGL_USDC-PERPETUALlong	−0.0253%	1h	357.32	long leg	$24K	$157K	10x
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.064%	$512K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.30	−0.006%	$11.5M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.27	−0.014%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.41	+0.025%	$3.6M	$7.0M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.23	−0.025%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.49	+0.047%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.55	+0.064%	$23K	$448K	10x	as long as short
Nado GOOGL-PERP	0.0000%	1h	357.04	−0.079%	$549K	$88K	20x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.55	+0.064%	$1K	$4.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.68	+0.101%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.56	+0.067%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDTshort	+0.0002%	8h	357.61	+0.080%	$366K	$422K	20x
Extended GOOGL-USD	+0.0024%	1h	357.36	+0.010%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0025%	8h	357.35	+0.008%	$72.1M	$143.5M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.33	+0.003%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.39	+0.020%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.056%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.36	+0.011%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.13	−0.053%	$207K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0045%	8h	357.12	−0.056%	$3.0M	$119K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.43	+0.031%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.28	−0.011%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.07	−0.070%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.05	−0.076%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.36	+0.011%	$131	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.081%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.32	−0.001%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.41	+0.024%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.43	+0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.45	+0.035%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0108%	8h	357.51	+0.053%	$687K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.54	+0.062%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	0.000%	$137K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0508%	4h	357.58	+0.072%	$209K	$1.2M	10x	as long as short