Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.066%

Price spread now: Phemex against OKX+0.020%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$970.974% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.020%, 7d avg +0.013%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	357.63	0	get 0.0000% / 8h	4m 17s	$13.6M	$12.8M	50x
Short	Phemex GOOGLUSDT	357.70	0	get 0.0000% / 4h	4m 17s	$2.7M	$88K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.013%: $0.61
Slippage, 4 orders: −$75.39
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$96.77
Costs to cover: 0.974%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Phemex: live order book, 4 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 OKX live order book, 4 min ago	0.14 bp	6.3 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.38 bp	47.6 bp −$48	doesn't fit	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	357.09	−0.151%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0009%	1h	357.36	−0.076%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAPlong	0.0000%	8h	357.63	long leg	$13.6M	$12.8M	50x
Gate GOOGL_USDT	0.0000%	8h	357.50	−0.036%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.73	+0.028%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	−0.015%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.58	−0.014%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	−0.006%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.35	−0.078%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.75	+0.034%	$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 GOOGLUSDTshort	0.0000%	4h	357.70	+0.020%	$2.7M	$88K	10x
Aster GOOGLUSDT	+0.0003%	8h	357.72	+0.024%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.66	+0.008%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.51	−0.033%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.60	−0.007%	$72.1M	$143.2M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.44	−0.053%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.143%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.54	−0.025%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.39	−0.067%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.19	−0.123%	$3.0M	$114K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.69	+0.017%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.42	−0.059%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.34	−0.081%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.33	−0.084%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.38	−0.070%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.33	−0.084%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	357.49	−0.040%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0075%	8h	357.61	−0.006%	$11.5M	$7.8M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.30	−0.091%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.32	−0.087%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.35	−0.078%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0102%	8h	357.60	−0.008%	$688K	$236K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.45	−0.050%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.39	−0.067%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.52	−0.031%	$2.0M	$1.4M	20x	as long as short
edgeX GOOGLUSDC	+0.0623%	4h	357.57	−0.017%	$209K	$1.2M	10x	as long as short