Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.036%

Price spread now: Binance against Aftermath Perps+0.081%7-day average +0.050% · 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−$32as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Aftermath Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$8 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now +0.081%, 7d avg +0.050%

Together, before fees−0.232%−$23 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 Binance is 0.032% dearer against Aftermath Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	357.62	0.0005	pay 0.0001% / 1h	4m 11s	$144K	$49K	10x
Short	Binance GOOGLUSDT	357.91	0.0047	get 0.0047% / 8h	5h 04m	$73.0M	$141.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath Perps. 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $8.77
Price spread: +0.081% → +0.050%: $3.18
Slippage, 4 orders: −$15.75
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.8
Costs to cover: 0.348%
Break-even: 25.2 days

Slippage from Aftermath Perps: live order book, 60 min ago; Binance: live order book, 9 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 Aftermath Perps live order book, 60 min ago	4.28 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.14 bp	5.3 bp −$5	6.8 bp −$68	21.4 bp −$2,137	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
Hotstuff GOOGL-PERP	−0.0072%	1h	357.70	+0.023%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.045%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0013%	1h	357.65	+0.008%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.76	+0.039%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.92	+0.083%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.95	+0.092%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.98	+0.101%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.99	+0.104%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.99	+0.104%	$2.7M	$81K	10x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0005%	1h	357.62	long leg	$144K	$49K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0026%	8h	357.65	+0.007%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.89	+0.076%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.90	+0.079%	$1.3M	$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
Arcus GOOGL-USD	+0.0040%	1h	357.65	+0.009%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.87	+0.070%	—	$5K	25x	as long as short
Binance GOOGLUSDTshort	+0.0047%	8h	357.91	+0.081%	$73.0M	$141.4M	50x
Extended GOOGL-USD	+0.0048%	1h	357.82	+0.056%	$426K	$1.8M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.64	+0.006%	$99.1M	$21.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	+0.017%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.66	+0.011%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.61	−0.003%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0062%	8h	357.95	+0.093%	$17.5M	$9.6M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0073%	8h	357.86	+0.067%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.84	+0.062%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.47	−0.042%	$3.0M	$69K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.65	+0.009%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.83	+0.059%	$10K	$10K	20x	as long as short
Bybit GOOGLUSDT	+0.0101%	8h	357.99	+0.104%	$12.0M	$7.6M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.79	+0.047%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0107%	8h	357.87	+0.070%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.80	+0.051%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.99	+0.104%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.94	+0.090%	$2.1M	$1.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0169%	1h	357.75	+0.037%	$24K	$155K	10x	as long as short
edgeX GOOGLUSDC	+0.0853%	4h	357.90	+0.077%	$209K	$1.2M	10x	as long as short