Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.018%

Price spread now: Aster against Injective+0.083%107s7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.547% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.083%, 7d avg −0.039%

Together, before fees−0.084%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.122% dearer against Injective than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.039%. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GOOGL/USDC PERP	357.12	0.0033	pay 0.0004% / 1h	47m 35s	$128K	$45K	30x
Short	Aster GOOGLUSDT	357.42	0.0072	get 0.0072% / 8h	2h 47m	$366K	$426K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now +0.083%Rate

Funding earned: $8.16
Price spread: +0.083% → −0.039%: $12.22
Slippage, 4 orders: −$46.73
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.37
Costs to cover: 0.547%
Break-even: 36.5 days

Slippage from Injective: live order book, 1 min ago; Aster: live order book, 65 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 Injective live order book, 1 min ago	9.93 bp	9.9 bp −$10	9.9 bp −$99	57280.1 bp −$5.73M	326400.1 bp −$163.20M
Sell Aster live order book, 65 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	357.18	+0.017%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.33	+0.059%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.30	+0.050%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.02	−0.028%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.38	+0.073%	$115K	$216K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.40	+0.078%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0008%	8h	357.35	+0.064%	$24K	$447K	10x	as long as short
Variational Omni GOOGL	+0.0014%	8h	357.33	+0.059%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	+0.020%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.26	+0.038%	$144K	$47K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0030%	1h	357.01	−0.032%	$557K	$86K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.20	+0.022%	$1.3M	$2.1M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	357.07	−0.014%	$33K	—	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Arcus GOOGL-USD	+0.0040%	1h	357.05	−0.020%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.23	+0.031%	—	$5K	25x	as long as short
OKX GOOGL-USDT-SWAP	+0.0047%	8h	357.27	+0.042%	$13.7M	$12.6M	50x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.16	+0.011%	$1.3M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.07	−0.014%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.08	−0.011%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.04	−0.022%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.96	−0.045%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	357.19	+0.019%	$293	$253	5x	as long as short
Aster GOOGLUSDTshort	+0.0072%	8h	357.42	+0.083%	$366K	$426K	20x
Extended GOOGL-USD	+0.0088%	1h	357.20	+0.023%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0092%	8h	357.27	+0.042%	$72.2M	$143.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.04	−0.022%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.05	−0.020%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.17	+0.014%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.15	+0.009%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	+0.025%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.21	+0.025%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0211%	8h	357.28	+0.045%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0228%	8h	357.37	+0.070%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0457%	4h	357.23	+0.031%	$208K	$1.2M	10x	as long as short