Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h −0.036%

Price spread now: QFEX against Aster−0.059%53s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$530.528% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.059%, 7d avg −0.018%

Together, before fees−0.030%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.018%). If the spread goes back, that is −$4 on $10k: about 5.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.054%, so the current rate has only just turned in your favour. 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	Aster GOOGLUSDT	357.24	0.0010	pay 0.0010% / 8h	56m 47s	$365K	$424K	20x
Short	QFEX GOOGL-USD	357.03	0.0035	get 0.0004% / 1h	56m 47s	$1.3M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $5.31
Price spread: −0.059% → −0.018%: −$4.04
Slippage, 4 orders: −$34.76
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$51.49
Costs to cover: 0.528%
Break-even: 74.9 days

Slippage from Aster: live order book, 46 min ago; QFEX: live order book, 7 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, 46 min ago	13.99 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.12 bp	6.1 bp −$6	6.1 bp −$61	11.8 bp −$1,180	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	356.60	−0.179%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0006%	1h	356.92	−0.088%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.08	−0.045%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.02	−0.062%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.16	−0.022%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.18	−0.016%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.21	−0.009%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.09	−0.042%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.94	−0.084%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.21	−0.008%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.20	−0.011%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDTlong	+0.0010%	8h	357.24	long leg	$365K	$424K	20x
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.06	−0.050%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0031%	8h	357.10	−0.039%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.03	−0.059%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	356.99	−0.069%	$424K	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.034%	$128K	$45K	30x	as long as short
QFEX GOOGL-USDshort	+0.0035%	1h	357.03	−0.059%	$1.3M	$4.2M	10x
Arcus GOOGL-USD	+0.0040%	1h	356.90	−0.095%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.23	−0.003%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.91	−0.092%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	−0.118%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.95	−0.081%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.95	−0.081%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.03	−0.060%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.01	−0.064%	$33K	—	20x	as long as short
KuCoin GOOGLUSDTM	+0.0073%	8h	356.70	−0.151%	$3.0M	$101K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.13	−0.031%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.87	−0.103%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.04	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.99	−0.070%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.94	−0.083%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0114%	8h	357.09	−0.042%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0127%	8h	357.16	−0.022%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0128%	1h	357.07	−0.048%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0128%	4h	357.21	−0.007%	$208K	$1.2M	10x	as long as short