GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.025%

Price spread now: Coinbase International against Phoenix−0.003%72s7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as 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−$310.313% of the position

Long on Phoenix Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.003%, 7d avg −0.071%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.068% dearer against Phoenix than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.071%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.141% in total) that is about 3.4 days. The two prices were read 72 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	Phoenix GOOGL	357.55	0.0112	pay 0.0014% / 1h	5m 37s	$138K	$36K	20x
Short	Coinbase International GOOGL-PERP-INTX	357.54	−0.0048	pay 0.0006% / 1h	5m 37s	$526K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Phoenix. 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 PhoenixbpFee Coinbase InternationalbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$33.56
Price spread: −0.003% → −0.071%: $6.83
Slippage, 4 orders: −$14.29
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$58.02
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Phoenix: live order book, 45 min ago; Coinbase International: live order book, 3 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 Phoenix live order book, 45 min ago	2.52 bp	8.4 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.96 bp	7.0 bp −$7	9.9 bp −$99	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-INTXshort	−0.0048%	1h	357.54	−0.003%	$526K	$1.1M	10x
Gate GOOGL_USDT	0.0000%	8h	357.57	+0.006%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.067%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.69	+0.039%	$769	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.84	+0.081%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.83	+0.078%	$2.7M	$86K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	357.45	−0.028%	$33K	—	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0008%	8h	357.70	+0.041%	$23K	$432K	10x	as long as short
Variational Omni GOOGL	+0.0015%	8h	357.64	+0.026%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.63	+0.023%	$144K	$48K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.67	+0.034%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.120%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	−0.036%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.65	+0.028%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.55	0.000%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.44	−0.031%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.46	−0.025%	$144	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.36	−0.053%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0052%	1h	357.46	−0.025%	$99.1M	$20.5M	20x	as long as short
Aster GOOGLUSDT	+0.0077%	8h	357.82	+0.076%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	357.38	−0.047%	$557K	$80K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.58	+0.008%	$423K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0097%	8h	357.66	+0.031%	$72.7M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.64	+0.026%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.25	−0.084%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.41	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.50	−0.014%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.54	−0.002%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0109%	8h	357.57	+0.005%	$293	$253	5x	as long as short
Phoenix GOOGLlong	+0.0112%	1h	357.55	long leg	$138K	$36K	20x
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.67	+0.034%	$13.8M	$12.4M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0114%	1h	357.45	−0.028%	$24K	$155K	10x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	357.75	+0.056%	$695K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0224%	8h	357.75	+0.056%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.67	+0.034%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0729%	4h	357.70	+0.041%	$209K	$1.2M	10x	as long as short