Spread before costs (cost unknown: a leg has no order-book sample)−0.092%
7d average—if it closes, per $10,000$9funding while held, a day+$1.85
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex GOOGL-USD-PERP | 355.47 | 0.0051 | pay 0.0051% / 8h | 5h 17m | $291 | $253 | 5x |
| Short | Phoenix GOOGL | 355.14 | 0.0112 | get 0.0014% / 1h | 17m 14s | $137K | $47K | 20x |
Paradex GOOGL-USD-PERP
Phoenix GOOGLPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$9.16
- Funding while held
- $1.85
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$18.31
- Spread needed to break even
- 0.110%
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0062%
- Per $10,000 a day
- +$1.85
- Average in range /8h
- —
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 Phoenix live order book, 6 min ago | 2.82 bp | 8.7 bp −$9 | 18.5 bp −$185 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Nado355.12cheapestAftermath Perps355.14+0.004%
NadoPhoenix355.14+0.005%
Variational Omni355.19+0.018%ApeX Omni355.19+0.019%Pacifica355.20+0.023%KuCoin355.22+0.027%edgeX355.22+0.028%Ondo Perps355.30+0.050%SoDEX355.33+0.058%Coinbase International355.37+0.070%tradeXYZ355.38+0.072%Hotstuff355.39+0.075%Polymarket Perps355.39+0.075%Arcus355.43+0.086%Gate355.43+0.086%Deribit355.43+0.086%Aevo355.46+0.095%
Variational Omni
ApeX Omni
Pacifica
KuCoin
Ondo Perps
SoDEX
Coinbase International
tradeXYZ
Hotstuff
Polymarket Perps
Arcus
Gate
Deribit
AevoParadex355.47+0.096%
Bybit355.50+0.106%OKX355.50+0.106%QFEX355.50+0.106%Orderly355.50+0.106%Extended355.53+0.114%SunX355.53+0.115%Binance355.54+0.117%Aster355.54+0.118%Vest355.55+0.120%BloFin355.55+0.120%Phemex355.56+0.123%Bitget355.57+0.126%Lighter RH355.58+0.129%Lighter355.60+0.134%HTX355.60+0.134%Injective357.12+0.562%
Bybit
OKX
QFEX
Orderly
Extended
SunX
Binance
Aster
Vest
BloFin
Phemex
Bitget
Lighter RH
Lighter
HTX
InjectiveGOOGL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado GOOGL-PERP | −0.096% | +0.0081% | 1h | $554K | $77K | 20x | as long as short |
| Aftermath Perps GOOGLUSD | −0.092% | +0.0141% | 1h | $143K | $55K | 10x | as long as short |
| Phoenix GOOGLshort | −0.092% | +0.0112% | 1h | $137K | $47K | 20x | |
| Variational Omni GOOGL | −0.078% | 0.0000% | 8h | $4.3M | $2.4M | — | as long as short |
| ApeX Omni GOOGLUSDT | −0.077% | +0.0100% | 1h | $21K | $9K | 50x | as long as short |
| Pacifica GOOGL | −0.074% | +0.0100% | 1h | $44K | $42K | 10x | as long as short |
| KuCoin GOOGLUSDTM | −0.069% | +0.0100% | 8h | $3.0M | $65K | 20x | as long as short |
| edgeX GOOGLUSDC | −0.068% | +0.0052% | 4h | $207K | $1.1M | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | −0.047% | +0.0050% | 1h | $2.3M | $4.4M | 15x | as long as short |
| SoDEX GOOGL-USD | −0.038% | +0.0050% | 1h | $210 | $37K | 10x | as long as short |