Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Phemex−0.048%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.048%, 7d avg −0.038%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	356.61	0	get 0.0000% / 4h	14m 05s	$2.7M	$66K	10x
Short	Gate GOOGL_USDT	356.44	0	get 0.0000% / 8h	14m 05s	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.038%: −$0.97
Slippage, 4 orders: −$53.8
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.77
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Gate: 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 Phemex live order book, 5 min ago	0.42 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.10 bp	12.6 bp −$13	22.2 bp −$222	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_USDTshort	0.0000%	8h	356.44	−0.048%	$3.6M	$7.5M	100x
SunX GOOGL-USDT	0.0000%	8h	356.57	−0.011%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.69	+0.022%	$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	356.57	−0.011%	$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	356.48	−0.036%	—	$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	356.28	−0.093%	$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%	$178	$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	356.46	−0.042%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.48	−0.037%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.20	−0.114%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.081%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.35	−0.073%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.42	−0.053%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.48	−0.038%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0109%	8h	356.71	+0.029%	$363K	$457K	20x	as long as short
Nado GOOGL-PERP	+0.0111%	1h	356.26	−0.099%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0124%	8h	356.64	+0.008%	$11.5M	$7.8M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.53	−0.022%	$422K	$1.6M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0128%	1h	356.29	−0.090%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0129%	8h	356.60	−0.003%	$73.1M	$143.0M	50x	as long as short
Bitget GOOGLUSDT	+0.0131%	8h	356.57	−0.011%	$16.8M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.32	−0.081%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0179%	8h	356.59	−0.006%	$13.8M	$12.9M	50x	as long as short
edgeX GOOGLUSDC	+0.0206%	4h	356.57	−0.013%	$210K	$1.2M	10x	as long as short
BloFin GOOGL-USDT	+0.0249%	8h	356.63	+0.006%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.32	−0.081%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0264%	1h	356.53	−0.022%	$2.1M	$1.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0368%	1h	356.43	−0.050%	$23K	$152K	10x	as long as short