Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0311%/8h= −34.1% APRpaid last 24h −0.175%

Price spread now: Aftermath Perps against edgeX−0.035%68s7-day average −0.040% · 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−$450.454% of the position

Long on edgeX Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.604%−$60 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.035%, 7d avg −0.040%

Together, before fees−0.573%+ Points / potential airdropedgeX: Active · farm board−$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 68 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	edgeX GOOGLUSDC	356.96	0.0333	pay 0.0166% / 4h	2h 25m	$208K	$1.2M	10x
Short	Aftermath Perps GOOGLUSD	356.83	0.0021	get 0.0003% / 1h	25m 46s	$144K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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 edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$65.36
Price spread: −0.035% → −0.040%: $0.51
Slippage, 4 orders: −$27.44
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$110.3
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Aftermath Perps: live order book, 23 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 edgeX live order book, 3 min ago	3.22 bp	7.9 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 23 min ago	7.90 bp	15.2 bp −$15	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
Nado GOOGL-PERP	−0.0003%	1h	357.10	+0.039%	$557K	$86K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.11	+0.042%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.33	+0.103%	$17.3M	$9.9M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.06	+0.028%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.29	+0.092%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.06	+0.028%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.35	+0.109%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.15	+0.053%	$2.7M	$87K	10x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.24	+0.077%	$4.8M	$2.4M	—	as long as short
OKX GOOGL-USDT-SWAP	+0.0013%	8h	357.28	+0.089%	$13.7M	$12.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.109%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0021%	1h	356.83	−0.035%	$144K	$47K	10x
Lighter RH GOOGL	+0.0032%	1h	357.30	+0.095%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.045%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.82	−0.039%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.33	+0.103%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.13	+0.047%	$1.3M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.09	+0.036%	$98.2M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.03	+0.019%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.98	+0.005%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.034%	$2.3M	$4.8M	15x	as long as short
Aster GOOGLUSDT	+0.0058%	8h	357.43	+0.131%	$366K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.22	+0.072%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.03	+0.019%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0078%	8h	357.31	+0.098%	$72.1M	$143.8M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.19	+0.065%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.16	+0.056%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.14	+0.050%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.85	−0.031%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.14	+0.050%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.31	+0.098%	$2.0M	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.14	+0.051%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.90	−0.017%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0200%	8h	357.28	+0.089%	$690K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0211%	8h	357.39	+0.120%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDClong	+0.0333%	4h	356.96	long leg	$208K	$1.2M	10x