Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.003%

Price spread now: Bitget against Aftermath Perps+0.092%46s7-day average +0.054% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.398% of the position

Long on Aftermath Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.092%, 7d avg +0.054%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.038% dearer against Aftermath Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.054%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	356.36	0.0015	pay 0.0002% / 1h	45m 41s	$144K	$54K	10x
Short	Bitget GOOGLUSDT	356.69	0.0111	get 0.0111% / 8h	45m 41s	$16.9M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.092%Rate

Funding earned: $20.09
Price spread: +0.092% → +0.054%: $3.77
Slippage, 4 orders: −$18.84
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.98
Costs to cover: 0.398%
Break-even: 12.6 days

Slippage from Aftermath Perps: live order book, 33 min ago; Bitget: live order book, 3 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, 33 min ago	3.39 bp	17.7 bp −$18	29.8 bp −$298	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.42 bp	7.7 bp −$8	11.5 bp −$115	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
Hotstuff GOOGL-PERP	0.0000%	1h	356.56	+0.055%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.63	+0.075%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.71	+0.097%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.90	+0.150%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.76	+0.111%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.28	−0.023%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0015%	1h	356.36	long leg	$144K	$54K	10x
Lighter RH GOOGL	+0.0032%	1h	356.78	+0.117%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.212%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0045%	8h	356.58	+0.060%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GOOGL-USD-PERP	+0.0046%	1h	356.63	+0.075%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0047%	8h	356.59	+0.064%	$4.7M	$2.6M	—	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.50	+0.038%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.54	+0.049%	$183	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.015%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.62	+0.072%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0061%	1h	356.58	+0.061%	$98.2M	$24.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.54	+0.049%	$23K	$151K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.66	+0.083%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0090%	8h	356.82	+0.128%	$11.5M	$7.7M	100x	as long as short
Nado GOOGL-PERP	+0.0097%	1h	356.44	+0.021%	$560K	$82K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.40	+0.009%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.36	−0.001%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.38	+0.005%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.62	+0.072%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.63	+0.076%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0104%	8h	356.83	+0.131%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDTshort	+0.0111%	8h	356.69	+0.092%	$16.9M	$9.3M	100x
Binance GOOGLUSDT	+0.0125%	8h	356.76	+0.112%	$73.0M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.70	+0.094%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0135%	8h	356.84	+0.134%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	+0.013%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0244%	8h	356.69	+0.092%	$691K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.53	+0.047%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0312%	1h	356.78	+0.117%	$2.1M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0686%	4h	356.57	+0.059%	$208K	$1.2M	10x	as long as short