GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.021%

Price spread now: Phoenix against tradeXYZ−0.006%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on tradeXYZ Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.006%, 7d avg +0.020%

Together, before fees−0.002%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.026% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.020%). If the spread goes back, that is −$3 on $10k: about 33 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.28	0.0050	pay 0.0006% / 1h	31m 12s	$98.2M	$21.4M	20x
Short	Phoenix GOOGL	357.26	0.0112	get 0.0014% / 1h	31m 12s	$137K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against tradeXYZ. 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 tradeXYZbpFee PhoenixbpOrdersPrice spread, now −0.006%Rate

Funding earned: $13.03
Price spread: −0.006% → +0.020%: −$2.58
Slippage, 4 orders: −$11.58
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$26.14
Costs to cover: 0.366%
Break-even: 21.0 days

Slippage from tradeXYZ: live order book, 8 min ago; Phoenix: live order book, 64 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 tradeXYZ live order book, 8 min ago	0.56 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 64 min ago	2.52 bp	8.4 bp −$8	17.2 bp −$172	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	−0.0048%	1h	357.09	−0.053%	$512K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.46	+0.050%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.35	+0.020%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.57	+0.081%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.35	+0.018%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.40	+0.034%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.49	+0.059%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.24	−0.011%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.64	+0.101%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.50	+0.062%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0002%	1h	357.24	−0.010%	$549K	$91K	20x	as long as short
Aster GOOGLUSDT	+0.0012%	8h	357.41	+0.036%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.30	+0.006%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.35	+0.020%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.38	+0.029%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.045%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0033%	8h	357.48	+0.056%	$72.1M	$143.4M	50x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.36	+0.022%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.20	−0.022%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.55	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.28	long leg	$98.2M	$21.4M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.25	−0.008%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.28	0.000%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.13	−0.042%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.35	+0.020%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0061%	8h	356.98	−0.084%	$3.0M	$102K	20x	as long as short
Bybit GOOGLUSDT	+0.0100%	8h	357.48	+0.056%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.19	−0.024%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.29	+0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.26	−0.006%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.29	+0.002%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.27	−0.003%	$33K	—	20x	as long as short
Phoenix GOOGLshort	+0.0112%	1h	357.26	−0.006%	$137K	$36K	20x
Lighter GOOGL	+0.0128%	1h	357.41	+0.036%	$2.0M	$1.4M	20x	as long as short
BloFin GOOGL-USDT	+0.0134%	8h	357.45	+0.048%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0708%	4h	357.40	+0.034%	$208K	$1.2M	10x	as long as short