GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.037%

Price spread now: Deribit against Phoenix−0.034%7-day average +0.012% · 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−$36as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.034%, 7d avg +0.012%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.046% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOOGL	356.93	0.0090	pay 0.0011% / 1h	51m 16s	$137K	$36K	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.81	0	get 0.0000% / 1h	51m 16s	$24K	$156K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. 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 PhoenixbpFee DeribitbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$18.82
Price spread: −0.034% → +0.012%: −$4.57
Slippage, 4 orders: −$17.19
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$54.58
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Phoenix: live order book, 49 min ago; Deribit: live order book, 57 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 Phoenix live order book, 49 min ago	3.08 bp	9.2 bp −$9	19.7 bp −$197	doesn't fit	doesn't fit
Sell Deribit live order book, 57 min ago	0.14 bp	3.6 bp −$4	5.1 bp −$51	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	−0.0024%	1h	356.88	−0.014%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.02	+0.025%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.99	+0.017%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.21	+0.078%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.09	+0.046%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	+0.070%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.15	+0.062%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.81	−0.034%	$24K	$156K	10x
HTX GOOGL-USDT	0.0000%	8h	357.24	+0.087%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.25	+0.090%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0002%	1h	356.93	−0.001%	$554K	$88K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.22	+0.081%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.08	+0.042%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.053%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.028%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.27	+0.094%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.95	+0.006%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.89	−0.011%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	+0.090%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.91	−0.006%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.98	+0.014%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.91	−0.006%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.025%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.06	+0.037%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.15	+0.062%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.05	+0.035%	$422K	$1.2M	20x	as long as short
Phoenix GOOGLlong	+0.0090%	1h	356.93	long leg	$137K	$36K	20x
Pacifica GOOGL	+0.0100%	1h	356.95	+0.005%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.67	−0.073%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.99	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.91	−0.006%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	+0.021%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0176%	1h	357.12	+0.053%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.15	+0.062%	$690K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0181%	8h	357.17	+0.067%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0703%	4h	357.11	+0.051%	$208K	$1.2M	10x	as long as short