Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.066%

Price spread now: OKX against Phemex−0.028%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1051.047% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.028%, 7d avg −0.013%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.83	0	get 0.0000% / 4h	7m 15s	$2.7M	$86K	10x
Short	OKX GOOGL-USDT-SWAP	357.73	0.0113	get 0.0113% / 8h	4h 07m	$13.8M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $23.79
Price spread: −0.028% → −0.013%: −$1.45
Slippage, 4 orders: −$82.67
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.33
Costs to cover: 1.047%
Break-even: 31.2 days

Slippage from Phemex: live order book, 1 min ago; OKX: 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	1.82 bp	41.8 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.14 bp	5.6 bp −$6	11.0 bp −$110	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	357.54	−0.081%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	−0.056%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	−0.011%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	−0.028%	$966	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.82	−0.003%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.83	long leg	$2.7M	$86K	10x
GRVT GOOGL_USDT_Perp	+0.0001%	8h	357.72	−0.031%	$23K	$432K	10x	as long as short
Variational Omni GOOGL	+0.0009%	8h	357.68	−0.042%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.63	−0.056%	$144K	$48K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	−0.022%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.198%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	−0.109%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.69	−0.039%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.55	−0.078%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.048%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.47	−0.101%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.51	−0.089%	$143	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.36	−0.131%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0052%	1h	357.52	−0.087%	$99.1M	$20.5M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.50	−0.092%	$24K	$155K	10x	as long as short
Aster GOOGLUSDT	+0.0075%	8h	357.88	+0.015%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	357.45	−0.106%	$558K	$80K	20x	as long as short
Binance GOOGLUSDT	+0.0095%	8h	357.75	−0.022%	$73.0M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.65	−0.050%	$423K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.71	−0.035%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.29	−0.151%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.43	−0.112%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.60	−0.064%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	−0.069%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0108%	8h	357.62	−0.058%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.55	−0.078%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAPshort	+0.0113%	8h	357.73	−0.028%	$13.8M	$12.4M	50x
BloFin GOOGL-USDT	+0.0215%	8h	357.75	−0.022%	$695K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0222%	8h	357.81	−0.006%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.75	−0.022%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0953%	4h	357.68	−0.042%	$209K	$1.2M	10x	as long as short