Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.040%

Price spread now: Aftermath Perps against Bybit0.000%7-day average −0.072% · 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−$36as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now 0.000%, 7d avg −0.072%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aftermath Perps is 0.072% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.072%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.06	0.0114	pay 0.0114% / 8h	55m 45s	$11.5M	$7.9M	100x
Short	Aftermath Perps GOOGLUSD	357.06	0.0020	get 0.0002% / 1h	55m 45s	$144K	$45K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$19.75
Price spread: 0.000% → −0.072%: $7.17
Slippage, 4 orders: −$23.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$56.16
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Aftermath Perps: live order book, 48 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 Bybit live order book, 2 min ago	0.84 bp	9.1 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 48 min ago	3.14 bp	8.5 bp −$9	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	356.60	−0.129%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0008%	1h	356.92	−0.039%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.08	+0.006%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.95	−0.031%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.13	+0.020%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.03	−0.009%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.21	+0.041%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.08	+0.006%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.92	−0.039%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.24	+0.050%	$115K	$211K	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	357.19	+0.036%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0010%	8h	357.24	+0.051%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0020%	1h	357.06	0.000%	$144K	$45K	10x
Binance GOOGLUSDT	+0.0031%	8h	357.05	−0.003%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.99	−0.020%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	356.95	−0.031%	$423K	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.017%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.03	−0.008%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.90	−0.045%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.19	+0.036%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.87	−0.053%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	−0.067%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.92	−0.039%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.95	−0.031%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.03	−0.009%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.01	−0.014%	$33K	—	20x	as long as short
KuCoin GOOGLUSDTM	+0.0073%	8h	356.72	−0.095%	$3.0M	$101K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.13	+0.020%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.87	−0.053%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.04	−0.006%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.98	−0.022%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.95	−0.031%	$25K	—	10x	as long as short
Bybit GOOGLUSDTlong	+0.0114%	8h	357.06	long leg	$11.5M	$7.9M	100x
Lighter GOOGL	+0.0120%	1h	357.05	−0.003%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0127%	8h	357.16	+0.028%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0128%	4h	357.21	+0.043%	$208K	$1.2M	10x	as long as short