Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Phemex against Aevo+0.054%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.054% dearer against Aevo than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo GOOGL-PERP	356.61	0.0104	pay 0.0013% / 1h	36m 15s	$25K	—	10x
Short	Phemex GOOGLUSDT	356.80	0	get 0.0000% / 4h	2h 36m	$2.7M	$67K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$21.84
Price spread: +0.054% → 0.000%: $5.42
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$44.42
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	1.96 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.058%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	+0.009%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.74	+0.037%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.79	+0.051%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.034%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	+0.046%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.52	−0.024%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.92	+0.088%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	356.80	+0.054%	$2.7M	$67K	10x
Nado GOOGL-PERP	0.0000%	1h	356.59	−0.004%	$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	356.47	−0.039%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	+0.037%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.83	+0.063%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.144%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	+0.015%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.49	−0.033%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.85	+0.068%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.70	+0.026%	$98.6M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.48	−0.036%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.69	+0.023%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.47	−0.038%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.79	+0.051%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	+0.019%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.76	+0.044%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	356.69	+0.025%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	+0.004%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0093%	8h	356.79	+0.051%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.70	+0.026%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.52	−0.026%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.38	−0.064%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	−0.007%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.65	+0.012%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERPlong	+0.0104%	1h	356.61	long leg	$25K	—	10x
Bybit GOOGLUSDT	+0.0122%	8h	356.96	+0.099%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.93	+0.091%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.038%	$651K	$234K	20x	as long as short