Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.040%

Price spread now: Binance against Phemex0.000%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 2 days (all we have)−0.026%−$3 · spread now 0.000%, 7d avg −0.022%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.022% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	356.61	0	get 0.0000% / 4h	12m 45s	$2.7M	$66K	10x
Short	Binance GOOGLUSDT	356.61	0.0130	get 0.0130% / 8h	12m 45s	$73.1M	$143.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $27.2
Price spread: 0.000% → −0.022%: $2.19
Slippage, 4 orders: −$45.29
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.9
Costs to cover: 0.673%
Break-even: 16.8 days

Slippage from Phemex: live order book, 6 min ago; Binance: live order book, 15 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 Phemex live order book, 6 min ago	0.42 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.14 bp	5.6 bp −$6	7.3 bp −$73	20.4 bp −$2,041	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	356.45	−0.045%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	0.000%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.70	+0.025%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	356.61	long leg	$2.7M	$66K	10x
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.24	−0.104%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.38	−0.063%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.58	−0.008%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.143%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	356.58	−0.010%	$23K	$472K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.46	−0.042%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.30	−0.087%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.30	−0.087%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.29	−0.090%	$180	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.126%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0059%	8h	356.56	−0.013%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.49	−0.034%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0088%	8h	356.49	−0.034%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.20	−0.116%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.29	−0.090%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.34	−0.076%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.44	−0.048%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.49	−0.035%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0109%	8h	356.74	+0.038%	$363K	$457K	20x	as long as short
Nado GOOGL-PERP	+0.0112%	1h	356.24	−0.103%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0127%	8h	356.66	+0.014%	$11.5M	$7.8M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.55	−0.016%	$422K	$1.6M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0128%	1h	356.27	−0.095%	$33K	—	20x	as long as short
Binance GOOGLUSDTshort	+0.0130%	8h	356.61	0.000%	$73.1M	$143.0M	50x
Bitget GOOGLUSDT	+0.0132%	8h	356.56	−0.014%	$16.8M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.29	−0.090%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0180%	8h	356.60	−0.003%	$13.8M	$12.9M	50x	as long as short
edgeX GOOGLUSDC	+0.0208%	4h	356.53	−0.023%	$210K	$1.2M	10x	as long as short
BloFin GOOGL-USDT	+0.0249%	8h	356.57	−0.011%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.34	−0.076%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0264%	1h	356.54	−0.020%	$2.1M	$1.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0452%	1h	356.47	−0.039%	$23K	$152K	10x	as long as short