Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.017%

Price spread now: Aftermath Perps against Phemex−0.020%7-day average −0.076% · 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−$77as in the Price arb table

costs, in and out, $10k−$820.823% of the position

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.020%, 7d avg −0.076%

Together, before fees−0.094%−$9 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 Aftermath Perps is 0.057% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.71	0	get 0.0000% / 4h	9m 22s	$2.7M	$88K	10x
Short	Aftermath Perps GOOGLUSD	357.64	0.0022	get 0.0003% / 1h	9m 22s	$144K	$44K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now −0.020%Rate

Funding earned: $4.65
Price spread: −0.020% → −0.076%: $5.66
Slippage, 4 orders: −$61.26
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$71.95
Costs to cover: 0.823%
Break-even: 115.3 days

Slippage from Phemex: live order book, 4 min ago; Aftermath Perps: live order book, 30 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 Phemex live order book, 4 min ago	0.98 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 30 min ago	8.66 bp	14.5 bp −$14	21.5 bp −$215	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.173%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.50	−0.060%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.67	−0.011%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	−0.034%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.78	+0.020%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	−0.006%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.007%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.68	−0.008%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.48	−0.064%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.82	+0.031%	$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 GOOGLUSDTlong	0.0000%	4h	357.71	long leg	$2.7M	$88K	10x
Aster GOOGLUSDT	+0.0003%	8h	357.80	+0.025%	$367K	$422K	20x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0022%	1h	357.64	−0.020%	$144K	$44K	10x
Extended GOOGL-USD	+0.0024%	1h	357.60	−0.032%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.68	−0.008%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	−0.034%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.165%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.58	−0.036%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.48	−0.064%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0041%	8h	357.16	−0.154%	$3.0M	$108K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.79	+0.022%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.48	−0.064%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.49	−0.062%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.42	−0.081%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.48	−0.064%	$136	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.087%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.63	−0.023%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0078%	8h	357.70	−0.003%	$11.5M	$7.8M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	−0.079%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	−0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	−0.062%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0103%	8h	357.61	−0.028%	$687K	$236K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.54	−0.047%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.68	−0.008%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.59	−0.034%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.69	−0.005%	$209K	$1.2M	10x	as long as short