GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.016%

Price spread now: Deribit against Phoenix−0.036%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.036%, 7d avg +0.013%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.049% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.054%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOOGL	356.62	0.0090	pay 0.0011% / 1h	36m 37s	$137K	$36K	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.49	0	get 0.0000% / 1h	36m 37s	$23K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$18.86
Price spread: −0.036% → +0.013%: −$4.95
Slippage, 4 orders: −$19.22
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$57.03
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Phoenix: live order book, 24 min ago; Deribit: live order book, 32 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, 24 min ago	2.53 bp	8.4 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell Deribit live order book, 32 min ago	0.14 bp	3.6 bp −$4	3.7 bp −$37	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	−0.0024%	1h	356.40	−0.062%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	+0.006%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.68	+0.017%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.036%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.031%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.73	+0.031%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.49	−0.036%	$23K	$153K	10x
HTX GOOGL-USDT	0.0000%	8h	356.83	+0.059%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.028%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	+0.0002%	1h	356.60	−0.005%	$556K	$80K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.44	−0.050%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0022%	8h	356.66	+0.011%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.77	+0.042%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.140%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	+0.011%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.49	−0.036%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.81	+0.053%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.66	+0.011%	$98.6M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.42	−0.056%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.64	+0.006%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.47	−0.042%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.75	+0.036%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	+0.015%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.76	+0.041%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	356.63	+0.003%	$365K	$458K	20x	as long as short
Phoenix GOOGLlong	+0.0090%	1h	356.62	long leg	$137K	$36K	20x
Binance GOOGLUSDT	+0.0093%	8h	356.74	+0.034%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.67	+0.015%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.52	−0.029%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.34	−0.079%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.60	−0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.57	−0.014%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0122%	8h	356.92	+0.084%	$11.6M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.86	+0.067%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.042%	$651K	$234K	20x	as long as short