Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Phemex−0.112%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.112% cheaper against Phemex than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.80	0	get 0.0000% / 4h	54m 51s	$2.7M	$116K	10x
Short	Aevo GOOGL-PERP	357.40	0.0104	get 0.0013% / 1h	54m 51s	$25K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.112%Rate

Funding earned: $21.84
Price spread: −0.112% → 0.000%: −$11.17
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$17.33
Costs to cover: 0.280%
Break-even: 12.6 days

Slippage unknown: Phemex: live order book, 2 min ago; Aevo: no order-book sample. Net counts fees only.

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 Phemex live order book, 2 min ago	2.24 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.0088%	1h	357.32	−0.134%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.33	−0.131%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.45	−0.098%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.40	−0.112%	$13.4M	$13.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.38	−0.117%	$3.7M	$6.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.49	−0.087%	$17.4M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.50	−0.084%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.59	−0.059%	$12K	$465K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.66	−0.039%	$1K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.35	−0.126%	$29K	$151K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.84	+0.011%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.80	long leg	$2.7M	$116K	10x
Nado GOOGL-PERP	+0.0002%	1h	357.38	−0.118%	$552K	$84K	20x	as long as short
Aster GOOGLUSDT	+0.0031%	8h	357.53	−0.075%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.62	−0.050%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.53	−0.075%	$144K	$42K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.190%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.61	−0.053%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.37	−0.119%	$427K	$2.8M	20x	as long as short
Binance GOOGLUSDT	+0.0049%	8h	357.53	−0.075%	$73.0M	$146.1M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.28	−0.145%	$98.0M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.095%	$684K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.34	−0.129%	$106	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.25	−0.154%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0059%	8h	357.47	−0.092%	$293	$253	5x	as long as short
edgeX GOOGLUSDC	+0.0059%	4h	357.50	−0.085%	$208K	$1.2M	10x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.50	−0.084%	$1.3M	$4.1M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.28	−0.146%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.21	−0.165%	$3.0M	$314K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.33	−0.131%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.42	−0.106%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERPshort	+0.0104%	1h	357.40	−0.112%	$25K	—	10x
Phoenix GOOGL	+0.0134%	1h	357.43	−0.103%	$137K	$60K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	357.57	−0.064%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0169%	8h	357.51	−0.081%	$695K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.39	−0.115%	$212K	$222K	10x	as long as short