Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.022%

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

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

Long on Phemex Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.040% cheaper against Phemex than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.54	0	get 0.0000% / 4h	2h 09m	$2.7M	$87K	10x
Short	Paradex GOOGL-USD-PERP	357.40	0.0058	get 0.0058% / 8h	2h 09m	$293	$253	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.040%Rate

Funding earned: $12.14
Price spread: −0.040% → 0.000%: −$4.01
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.87
Costs to cover: 0.160%
Break-even: 11.5 days

Slippage unknown: Phemex: live order book, 4 min ago; Paradex: no order-book sample. 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 Phemex live order book, 4 min ago	1.40 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
Nado GOOGL-PERP	−0.0022%	1h	357.28	−0.073%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.40	−0.039%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.31	−0.064%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.48	−0.017%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	−0.024%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.32	−0.062%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.45	−0.025%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.22	−0.090%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.49	−0.014%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.54	long leg	$2.7M	$87K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.185%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.21	−0.091%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.43	−0.031%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.117%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.18	−0.101%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.55	+0.003%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.34	−0.056%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0047%	8h	357.53	−0.003%	$366K	$426K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.19	−0.098%	$98.3M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.16	−0.106%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.22	−0.090%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.098%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERPshort	+0.0058%	8h	357.40	−0.040%	$293	$253	5x
Extended GOOGL-USD	+0.0064%	1h	357.32	−0.062%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.41	−0.035%	$72.1M	$143.7M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.21	−0.092%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.21	−0.092%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.89	−0.182%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.26	−0.078%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.24	−0.084%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.32	−0.062%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.45	−0.025%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.25	−0.081%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0188%	8h	357.49	−0.014%	$688K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0199%	8h	357.51	−0.008%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0494%	4h	357.41	−0.035%	$208K	$1.2M	10x	as long as short