Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.049%

Price spread now: Deribit against Aster−0.069%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.069%, 7d avg −0.057%

Together, before fees+0.111%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, 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	Aster GOOGLUSDT	357.15	0.0017	pay 0.0017% / 8h	1h 15m	$365K	$424K	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.90	0	get 0.0000% / 1h	15m 33s	$24K	$156K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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 AsterbpFee DeribitbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$3.65
Price spread: −0.069% → −0.057%: −$1.27
Slippage, 4 orders: −$40.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.94
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from Aster: live order book, 27 min ago; Deribit: live order book, 28 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 Aster live order book, 27 min ago	13.99 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 28 min ago	0.14 bp	3.6 bp −$4	4.7 bp −$47	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	−0.0024%	1h	356.60	−0.153%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.04	−0.030%	$13.6M	$13.1M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.89	−0.072%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.05	−0.027%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.99	−0.043%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.98	−0.048%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.05	−0.027%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.90	−0.069%	$24K	$156K	10x
HTX GOOGL-USDT	0.0000%	8h	357.15	+0.001%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.09	−0.016%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0016%	1h	356.88	−0.074%	$549K	$92K	20x	as long as short
Aster GOOGLUSDTlong	+0.0017%	8h	357.15	long leg	$365K	$424K	20x
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.86	−0.080%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.99	−0.044%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.008%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.96	−0.052%	$1.3M	$4.2M	10x	as long as short
Binance GOOGLUSDT	+0.0039%	8h	357.03	−0.033%	$72.0M	$143.7M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	356.92	−0.064%	$423K	$1.2M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.76	−0.108%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.15	+0.001%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.84	−0.086%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.75	−0.111%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.86	−0.080%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.67	−0.134%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.00	−0.042%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.87	−0.078%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.88	−0.075%	$137K	$36K	20x	as long as short
KuCoin GOOGLUSDTM	+0.0096%	8h	356.59	−0.156%	$3.0M	$100K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.82	−0.090%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.85	−0.083%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.88	−0.075%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.91	−0.065%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.02	−0.036%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0137%	8h	357.09	−0.016%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0160%	8h	357.04	−0.030%	$687K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0593%	4h	356.99	−0.043%	$208K	$1.2M	10x	as long as short