Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: Bitget against Phemex−0.011%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$610.613% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.011%, 7d avg −0.022%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	358.12	0	get 0.0000% / 4h	3h 17m	$2.7M	$85K	10x
Short	Bitget GOOGLUSDT	358.08	0	get 0.0000% / 8h	3h 17m	$17.5M	$9.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.022%: $1.13
Slippage, 4 orders: −$37.28
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.16
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	1.40 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.84 bp	8.1 bp −$8	11.6 bp −$116	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	357.92	−0.056%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	358.08	−0.011%	$17.5M	$9.7M	100x
SunX GOOGL-USDT	0.0000%	8h	358.04	−0.022%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.99	−0.036%	$115K	$217K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	358.12	long leg	$2.7M	$85K	10x
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.80	−0.089%	$24K	$156K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.126%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0018%	1h	357.75	−0.102%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.81	−0.088%	$145K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0027%	8h	357.98	−0.039%	$24K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0028%	8h	358.00	−0.033%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.04	−0.022%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.279%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.73	−0.109%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.98	−0.039%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.79	−0.092%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.78	−0.095%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.80	−0.089%	$148	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.63	−0.137%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.79	−0.092%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.95	−0.047%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	357.92	−0.055%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	357.76	−0.099%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0084%	8h	357.99	−0.036%	$13.8M	$12.5M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.98	−0.040%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.57	−0.154%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.71	−0.114%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.87	−0.070%	$10K	$11K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.96	−0.045%	$419K	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.92	−0.055%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	358.05	−0.021%	$72.5M	$142.6M	50x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.75	−0.103%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	358.04	−0.022%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	358.01	−0.031%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	358.12	0.000%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0716%	4h	357.99	−0.037%	$209K	$1.2M	10x	as long as short