Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.021%

Price spread now: Phemex against Paradex+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.040% dearer against Paradex than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GOOGL-USD-PERP	357.58	0.0058	pay 0.0058% / 8h	7h 34m	$293	$253	5x
Short	Phemex GOOGLUSDT	357.72	0	get 0.0000% / 4h	3h 34m	$2.7M	$91K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Paradex. 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 ParadexbpFee PhemexbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$12.14
Price spread: +0.040% → 0.000%: $4
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$24.13
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	1.26 bp	35.1 bp −$35	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0080%	1h	357.28	−0.083%	$517K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.82	+0.067%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.71	+0.037%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	+0.015%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.80	+0.062%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.63	+0.014%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	−0.002%	$23K	$431K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.70	+0.034%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.49	−0.024%	$24K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.060%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDTshort	0.0000%	4h	357.72	+0.040%	$2.7M	$91K	10x
Binance GOOGLUSDT	+0.0022%	8h	357.74	+0.046%	$72.3M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.63	+0.015%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.48	−0.027%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	+0.004%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.128%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.57	−0.002%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.30	−0.077%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	−0.044%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.72	+0.040%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.49	−0.024%	$98.4M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	−0.061%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	−0.030%	$118	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	−0.111%	$2.3M	$4.1M	15x	as long as short
Nado GOOGL-PERP	+0.0054%	1h	357.45	−0.035%	$550K	$88K	20x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0058%	8h	357.58	long leg	$293	$253	5x
KuCoin GOOGLUSDTM	+0.0058%	8h	357.24	−0.094%	$3.0M	$143K	20x	as long as short
Bybit GOOGLUSDT	+0.0072%	8h	357.71	+0.037%	$11.5M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0087%	8h	357.67	+0.026%	$686K	$234K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.36	−0.061%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.37	−0.057%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.37	−0.058%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.53	−0.013%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.49	−0.025%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0208%	1h	357.63	+0.015%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0385%	4h	357.49	−0.023%	$209K	$1.2M	10x	as long as short