Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.017%

Price spread now: SunX against Aftermath Perps+0.071%7-day average +0.059% · 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−$127as in the Price arb table

costs, in and out, $10k−$1281.284% of the position

Long on Aftermath Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.071%, 7d avg +0.059%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	357.79	0.0022	pay 0.0003% / 1h	13m 59s	$144K	$48K	10x
Short	SunX GOOGL-USDT	358.04	0	get 0.0000% / 8h	3h 13m	$2K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$4.66
Price spread: +0.071% → +0.059%: $1.16
Slippage, 4 orders: −$111.45
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$131.94
Costs to cover: 1.284%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 40 min ago; SunX: 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, 40 min ago	4.00 bp	11.2 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	44.83 bp	49.3 bp −$49	doesn't fit	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
Gate GOOGL_USDT	0.0000%	8h	357.82	+0.010%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.97	+0.051%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	358.04	+0.071%	$2K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	358.00	+0.060%	$115K	$217K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.00	+0.060%	$2.7M	$86K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.032%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0017%	1h	357.70	−0.024%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0022%	1h	357.79	long leg	$144K	$48K	10x
Deribit GOOGL_USDC-PERPETUAL	+0.0030%	1h	357.66	−0.035%	$24K	$156K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.90	+0.032%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0033%	8h	358.02	+0.065%	$24K	$444K	10x	as long as short
Variational Omni GOOGL	+0.0033%	8h	357.99	+0.058%	$4.8M	$2.4M	—	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.186%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.73	−0.016%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.92	+0.038%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.67	−0.032%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.70	−0.024%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.71	−0.021%	$148	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.64	−0.041%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.89	+0.029%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	357.87	+0.023%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0082%	8h	357.90	+0.032%	$13.8M	$12.5M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	357.81	+0.007%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0090%	8h	357.71	−0.020%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.95	+0.046%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.48	−0.085%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.70	−0.024%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.82	+0.010%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.83	+0.013%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	357.91	+0.035%	$72.6M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.82	+0.009%	$419K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.75	−0.010%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	357.89	+0.029%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	358.03	+0.068%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0247%	8h	358.02	+0.065%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0533%	4h	357.99	+0.057%	$209K	$1.2M	10x	as long as short