Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.014%

Price spread now: Aster against Extended+0.082%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$480.475% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.082%, 7d avg +0.037%

Together, before fees−0.013%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.045% dearer against Extended than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.037%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days. At the pace of the last 7 days (−0.007% in total) that is about 45 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GOOGL-USD	357.00	0.0032	pay 0.0004% / 1h	51m 40s	$425K	$2.2M	20x
Short	Aster GOOGLUSDT	357.29	0.0008	get 0.0008% / 8h	51m 40s	$365K	$424K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$5.05
Price spread: +0.082% → +0.037%: $4.46
Slippage, 4 orders: −$34.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.13
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Aster: live order book, 51 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 Extended live order book, 2 min ago	0.14 bp	3.5 bp −$4	12.4 bp −$124	doesn't fit	doesn't fit
Sell Aster live order book, 51 min ago	13.99 bp	18.3 bp −$18	21.1 bp −$211	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	356.60	−0.111%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0005%	1h	356.87	−0.036%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.15	+0.043%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.93	−0.018%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.17	+0.049%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.03	+0.009%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.04	+0.014%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.08	+0.024%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.73	−0.074%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.17	+0.049%	$115K	$210K	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	357.14	+0.041%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDTshort	+0.0008%	8h	357.29	+0.082%	$365K	$424K	20x
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.09	+0.027%	$144K	$45K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.90	−0.027%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0030%	8h	357.17	+0.049%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.08	+0.024%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USDlong	+0.0032%	1h	357.00	long leg	$425K	$2.2M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.035%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.02	+0.007%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.85	−0.041%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.15	+0.043%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.00	+0.001%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	−0.049%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.88	−0.032%	$132	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.68	−0.088%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	356.99	−0.001%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0070%	8h	356.79	−0.058%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.93	−0.018%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.92	−0.021%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.95	−0.013%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.90	−0.026%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0109%	8h	357.08	+0.024%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.99	−0.002%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0121%	8h	357.10	+0.029%	$689K	$236K	20x	as long as short
Lighter GOOGL	+0.0128%	1h	357.16	+0.046%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0771%	4h	357.05	+0.015%	$208K	$1.2M	10x	as long as short