Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Phemex−0.025%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1911.908% of the position

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.025%, 7d avg −0.018%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.83	0	get 0.0000% / 4h	11m 53s	$2.7M	$86K	10x
Short	SunX GOOGL-USDT	357.74	0	get 0.0000% / 8h	4h 11m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.018%: −$0.76
Slippage, 4 orders: −$170.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$191.51
Costs to cover: 1.908%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; SunX: live order book, 6 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, 2 min ago	1.82 bp	42.0 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	44.86 bp	49.3 bp −$49	doesn't fit	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
Hotstuff GOOGL-PERP	0.0000%	1h	357.50	−0.092%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.061%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	−0.011%	$17.5M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.76	−0.020%	$23K	$432K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.74	−0.025%	$1K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.014%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.83	long leg	$2.7M	$86K	10x
Variational Omni GOOGL	+0.0006%	8h	357.73	−0.027%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.63	−0.056%	$144K	$48K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.70	−0.036%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.198%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.45	−0.106%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.67	−0.045%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.048%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.092%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.103%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.50	−0.092%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.34	−0.137%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	357.87	+0.011%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0078%	1h	357.46	−0.104%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0086%	1h	357.47	−0.101%	$24K	$155K	10x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.62	−0.058%	$423K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	357.73	−0.028%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.42	−0.114%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.27	−0.156%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.48	−0.098%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.55	−0.078%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.075%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0106%	8h	357.64	−0.054%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	−0.064%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.74	−0.025%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0211%	8h	357.76	−0.020%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0215%	8h	357.80	−0.008%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0272%	1h	357.70	−0.036%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0650%	4h	357.72	−0.032%	$209K	$1.2M	10x	as long as short