Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.019%

Price spread now: Variational Omni against Aftermath Perps+0.048%7-day average +0.043% · you sell dearer than you buy

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

Long on Aftermath Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.048%, 7d avg +0.043%

Together, before fees+0.021%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, 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	356.21	0.0011	pay 0.0001% / 1h	2m 41s	$144K	$52K	10x
Short	Variational Omni GOOGL	356.38	0.0030	get 0.0030% / 8h	7h 02m	$4.8M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.048%Rate

Funding earned: $3.98
Price spread: +0.048% → +0.043%: $0.53
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.49
Costs to cover: 0.090%
Break-even: 14.9 days

Slippage unknown: Aftermath Perps: live order book, 6 min ago; Variational Omni: RFQ quote, 1 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 Aftermath Perps live order book, 6 min ago	4.22 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	9.5 bp −$95	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
Deribit GOOGL_USDC-PERPETUAL	−0.0227%	1h	356.01	−0.056%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.36	+0.043%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.47	+0.075%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.48	+0.076%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.49	+0.079%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.57	+0.102%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0011%	1h	356.21	long leg	$144K	$52K	10x
Bitget GOOGLUSDT	+0.0027%	8h	356.44	+0.065%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGLshort	+0.0030%	8h	356.38	+0.048%	$4.8M	$2.3M	—
Lighter GOOGL	+0.0032%	1h	356.34	+0.037%	$2.1M	$1.1M	20x	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	356.42	+0.059%	$1.4M	$2.3M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	356.29	+0.023%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	+0.003%	$528K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.256%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0034%	1h	356.29	+0.023%	$556K	$81K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.48	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.22	+0.003%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.18	−0.008%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.26	+0.015%	$165	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.18	−0.008%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.40	+0.054%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.36	+0.042%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0079%	8h	356.54	+0.092%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0079%	8h	356.47	+0.074%	$11.5M	$7.5M	100x	as long as short
Binance GOOGLUSDT	+0.0100%	8h	356.42	+0.059%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.38	+0.048%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.13	−0.022%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.29	+0.023%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.25	+0.012%	$10K	$10K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.34	+0.037%	$421K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.28	+0.021%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.26	+0.015%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0181%	8h	356.44	+0.065%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0220%	8h	356.46	+0.071%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	+0.009%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0679%	4h	356.43	+0.061%	$209K	$1.2M	10x	as long as short