Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.036%

Price spread now: Aster against QFEX+0.061%7-day average +0.018% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.061%, 7d avg +0.018%

Together, before fees+0.007%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.043% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOOGL-USD	357.40	0.0064	pay 0.0008% / 1h	42m 33s	$1.3M	$4.2M	10x
Short	Aster GOOGLUSDT	357.62	0.0088	get 0.0088% / 8h	3h 42m	$366K	$426K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now +0.061%Rate

Funding earned: $5.21
Price spread: +0.061% → +0.018%: $4.33
Slippage, 4 orders: −$30.22
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.68
Costs to cover: 0.482%
Break-even: 58.9 days

Slippage from QFEX: live order book, 11 min ago; Aster: live order book, 10 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 QFEX live order book, 11 min ago	1.68 bp	6.7 bp −$7	7.1 bp −$71	13.5 bp −$1,353	doesn't fit
Sell Aster live order book, 10 min ago	3.08 bp	9.5 bp −$10	11.7 bp −$117	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_USDT	0.0000%	8h	357.41	+0.003%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.64	+0.067%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.50	+0.028%	$797	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.21	−0.053%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.52	+0.034%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.52	+0.034%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.132%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	357.14	−0.072%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	−0.002%	$4.8M	$2.4M	—	as long as short
Nado GOOGL-PERP	+0.0030%	1h	357.35	−0.013%	$557K	$80K	20x	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	357.55	+0.042%	$1.3M	$2.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.44	+0.011%	$23K	$436K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.078%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.16	−0.067%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.62	+0.062%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.42	+0.006%	$99.2M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.34	−0.017%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.31	−0.025%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.07	−0.092%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USDlong	+0.0064%	1h	357.40	long leg	$1.3M	$4.2M	10x
Aster GOOGLUSDTshort	+0.0088%	8h	357.62	+0.061%	$366K	$426K	20x
Pacifica GOOGL	+0.0100%	1h	357.43	+0.008%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.070%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.24	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.34	−0.017%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.34	−0.017%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0105%	8h	357.59	+0.053%	$13.8M	$12.4M	50x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	357.55	+0.042%	$72.5M	$141.4M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0111%	8h	357.50	+0.029%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.45	+0.014%	$422K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0128%	1h	357.32	−0.022%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	−0.020%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	357.49	+0.025%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0245%	8h	357.66	+0.073%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0248%	1h	357.53	+0.036%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0629%	4h	357.18	−0.063%	$208K	$1.2M	10x	as long as short