Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0373%/8h= −40.9% APRpaid last 24h −0.125%

Price spread now: Aster against edgeX+0.008%80s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.457% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.008%, 7d avg +0.021%

Together, before fees+0.277%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	356.73	0.0480	pay 0.0240% / 4h	40m 08s	$208K	$1.2M	10x
Short	Aster GOOGLUSDT	356.76	0.0107	get 0.0107% / 8h	40m 08s	$362K	$455K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$78.4
Price spread: +0.008% → +0.021%: −$1.34
Slippage, 4 orders: −$28.67
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$125.41
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Aster: live order book, 37 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, 4 min ago	3.36 bp	8.1 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell Aster live order book, 37 min ago	3.22 bp	8.6 bp −$9	12.3 bp −$123	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
Gate GOOGL_USDT	0.0000%	8h	356.54	−0.054%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.70	−0.009%	$2K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.78	+0.014%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	+0.019%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.093%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.38	−0.097%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.65	−0.023%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.109%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.58	−0.042%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.72	−0.004%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps GOOG-USD	+0.0050%	1h	356.43	−0.084%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.43	−0.084%	$195	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.36	−0.104%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0054%	8h	356.55	−0.051%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.63	−0.028%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0071%	1h	356.41	−0.090%	$98.9M	$25.3M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	356.45	−0.079%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.55	−0.052%	$292	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.43	−0.084%	$22K	$152K	10x	as long as short
Bybit GOOGLUSDT	+0.0095%	8h	356.63	−0.028%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.34	−0.110%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.31	−0.118%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.50	−0.065%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.53	−0.056%	$10K	$10K	20x	as long as short
Nado GOOGL-PERP	+0.0103%	1h	356.37	−0.102%	$559K	$82K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.57	−0.044%	$25K	—	10x	as long as short
Aster GOOGLUSDTshort	+0.0107%	8h	356.76	+0.008%	$362K	$455K	20x
Bitget GOOGLUSDT	+0.0114%	8h	356.71	−0.006%	$16.9M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0127%	8h	356.67	−0.016%	$73.0M	$142.8M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.59	−0.039%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0144%	8h	356.76	+0.008%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.59	−0.040%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0248%	8h	356.59	−0.040%	$689K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.45	−0.079%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0296%	1h	356.66	−0.020%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDClong	+0.0480%	4h	356.73	long leg	$208K	$1.2M	10x