Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.046%

Price spread now: Aster against Deribit+0.101%7-day average +0.055% · 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−$45as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.101%, 7d avg +0.055%

Together, before fees−0.165%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.046% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.10	0	get 0.0000% / 1h	4m 59s	$24K	$156K	10x
Short	Aster GOOGLUSDT	357.46	0.0045	get 0.0045% / 8h	2h 04m	$366K	$426K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now +0.101%Rate

Funding earned: $9.35
Price spread: +0.101% → +0.055%: $4.6
Slippage, 4 orders: −$34.25
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$35.3
Costs to cover: 0.492%
Break-even: 33.4 days

Slippage from Deribit: live order book, 43 min ago; Aster: live order book, 42 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 Deribit live order book, 43 min ago	0.14 bp	9.2 bp −$9	11.3 bp −$113	doesn't fit	doesn't fit
Sell Aster live order book, 42 min ago	3.64 bp	8.5 bp −$8	10.7 bp −$107	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
Nado GOOGL-PERP	−0.0023%	1h	357.15	+0.014%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.36	+0.073%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.23	+0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.40	+0.084%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.30	+0.057%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.38	+0.078%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.38	+0.078%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	357.10	long leg	$24K	$156K	10x
HTX GOOGL-USDT	0.0000%	8h	357.41	+0.087%	$115K	$214K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.48	+0.106%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0008%	1h	357.12	+0.006%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.062%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	+0.050%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.32	+0.062%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.006%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.12	+0.006%	$207K	$278K	10x	as long as short
Aster GOOGLUSDTshort	+0.0045%	8h	357.46	+0.101%	$366K	$426K	20x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.40	+0.084%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	+0.039%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.14	+0.011%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.13	+0.008%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.13	+0.008%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.020%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.27	+0.047%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.26	+0.045%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.32	+0.062%	$72.1M	$143.6M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.09	−0.002%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.88	−0.062%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	+0.014%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.22	+0.034%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.32	+0.062%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	+0.031%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0185%	8h	357.36	+0.073%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0196%	8h	357.37	+0.076%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0663%	4h	357.31	+0.060%	$208K	$1.2M	10x	as long as short