GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.007%

Price spread now: Extended against Phoenix+0.012%88s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.237% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.012%, 7d avg +0.034%

Together, before fees−0.017%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.023% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.034%). Swap the legs. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOOGL	357.60	0.0112	pay 0.0014% / 1h	37m 46s	$138K	$36K	20x
Short	Extended GOOGL-USD	357.64	0.0072	get 0.0009% / 1h	37m 46s	$426K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$8.36
Price spread: +0.012% → +0.034%: −$2.26
Slippage, 4 orders: −$11.74
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$34.36
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from Phoenix: live order book, 13 min ago; Extended: 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 Phoenix live order book, 13 min ago	2.52 bp	8.4 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.14 bp	3.5 bp −$4	9.0 bp −$90	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	−0.017%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.62	+0.006%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	+0.030%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	+0.059%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.036%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.84	+0.067%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.076%	$2.7M	$86K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.47	−0.036%	$24K	$155K	10x	as long as short
Bitget GOOGLUSDT	+0.0012%	8h	357.78	+0.050%	$17.5M	$9.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	357.63	+0.008%	$144K	$49K	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	357.73	+0.036%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.134%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.52	−0.022%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.69	+0.025%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.017%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.48	−0.034%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.51	−0.025%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.053%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0052%	1h	357.50	−0.028%	$99.0M	$20.5M	20x	as long as short
Aster GOOGLUSDT	+0.0055%	8h	357.87	+0.075%	$366K	$457K	20x	as long as short
Extended GOOGL-USDshort	+0.0072%	1h	357.64	+0.012%	$426K	$1.8M	20x
Binance GOOGLUSDT	+0.0075%	8h	357.74	+0.039%	$73.1M	$141.3M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.68	+0.021%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.30	−0.084%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.50	−0.028%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.51	−0.025%	$10K	$10K	20x	as long as short
Nado GOOGL-PERP	+0.0101%	1h	357.46	−0.040%	$558K	$80K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.51	−0.025%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	−0.005%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.62	+0.005%	$293	$253	5x	as long as short
Phoenix GOOGLlong	+0.0112%	1h	357.60	long leg	$138K	$36K	20x
OKX GOOGL-USDT-SWAP	+0.0114%	8h	357.68	+0.022%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0179%	8h	357.81	+0.059%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0194%	8h	357.75	+0.042%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0304%	1h	357.74	+0.039%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0546%	4h	357.75	+0.041%	$209K	$1.2M	10x	as long as short