Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.040%

Price spread now: Bybit against Aftermath Perps+0.051%53s7-day average +0.072% · 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−$430.432% of the position

Long on Aftermath Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.051%, 7d avg +0.072%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.022% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.072%). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). The two prices were read 53 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	357.63	0.0012	pay 0.0001% / 1h	39m 38s	$144K	$49K	10x
Short	Bybit GOOGLUSDT	357.81	0.0177	get 0.0177% / 8h	4h 39m	$12.0M	$7.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.051%Rate

Funding earned: $34.68
Price spread: +0.051% → +0.072%: −$2.17
Slippage, 4 orders: −$23.2
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.69
Costs to cover: 0.432%
Break-even: 9.2 days

Slippage from Aftermath Perps: live order book, 19 min ago; Bybit: live order book, 4 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, 19 min ago	2.63 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.28 bp	8.0 bp −$8	13.8 bp −$138	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	357.54	−0.025%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	+0.003%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	+0.022%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	+0.051%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.77	+0.039%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.90	+0.076%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.84	+0.059%	$2.7M	$86K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.54	−0.025%	$24K	$155K	10x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0012%	1h	357.63	long leg	$144K	$49K	10x
Bitget GOOGLUSDT	+0.0015%	8h	357.82	+0.053%	$17.5M	$9.6M	100x	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	357.74	+0.031%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.142%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.52	−0.030%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.028%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.009%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.51	−0.033%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	−0.030%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.061%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0054%	8h	357.89	+0.074%	$366K	$457K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0056%	1h	357.51	−0.033%	$99.0M	$20.5M	20x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.65	+0.006%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0074%	8h	357.72	+0.026%	$73.1M	$141.3M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.47	−0.044%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.30	−0.092%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.50	−0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.60	−0.008%	$10K	$10K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.51	−0.033%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.63	−0.001%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0107%	1h	357.46	−0.047%	$558K	$80K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0108%	8h	357.65	+0.005%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.51	−0.033%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0115%	8h	357.72	+0.025%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDTshort	+0.0177%	8h	357.81	+0.051%	$12.0M	$7.6M	100x
BloFin GOOGL-USDT	+0.0193%	8h	357.77	+0.039%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0304%	1h	357.75	+0.034%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0546%	4h	357.75	+0.033%	$209K	$1.2M	10x	as long as short