After costs, if the gap returns to its 7d average, $10k−$35
spread now+0.230%7d average+0.081%fees + slippage, in and out−$50spread needed0.496%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix GOOGL | 356.30 | 0.0158 | pay 0.0020% / 1h | 26m 49s | $137K | $48K | 20x |
| Short | Injective GOOGL/USDC PERP | 357.12 | 0.0220 | get 0.0028% / 1h | 26m 49s | $128K | $161K | 30x |
Phoenix GOOGL
Injective GOOGL/USDC PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $23.01
- Funding while held
- $1.85
- Slippage, 4 orders
- −$42.53
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$24.69
- Spread needed to break even
- 0.496%
Slippage from Phoenix: live order book, 17 min ago; Injective: live order book, 28 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0062%
- Per $10,000 a day
- +$1.85
- Average in range /8h
- —
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, 17 min ago | 3.09 bp | 8.9 bp −$9 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Injective live order book, 28 min ago | 15.82 bp | 15.8 bp −$16 | 15.8 bp −$158 | doesn't fit | doesn't fit |
GOOGL price on every exchange
against the cheapest. Click to use as the short leg.edgeX356.22cheapest
Phoenix356.30+0.022%
Variational Omni356.33+0.031%Aftermath Perps356.37+0.040%ApeX Omni356.42+0.056%Ondo Perps356.51+0.081%Arcus356.64+0.117%Polymarket Perps356.72+0.140%Hotstuff356.73+0.143%KuCoin356.76+0.151%Nado356.79+0.159%Aevo356.83+0.169%Vest356.83+0.171%Extended356.83+0.171%Pacifica356.84+0.172%Gate356.84+0.173%SoDEX356.84+0.173%Deribit356.85+0.176%Orderly356.86+0.179%QFEX356.88+0.185%tradeXYZ356.91+0.193%HTX356.92+0.196%Phemex356.92+0.196%Paradex356.94+0.201%OKX356.97+0.210%Aster357.02+0.224%Lighter RH357.03+0.227%Bybit357.04+0.230%Bitget357.04+0.230%SunX357.04+0.230%BloFin357.04+0.230%Binance357.04+0.230%Lighter357.06+0.235%
Variational Omni
ApeX Omni
Ondo Perps
Arcus
Polymarket Perps
Hotstuff
KuCoin
Nado
Aevo
Vest
Extended
Pacifica
Gate
SoDEX
Deribit
Orderly
QFEX
tradeXYZ
HTX
Phemex
Paradex
OKX
Aster
Lighter RH
Bybit
Bitget
SunX
BloFin
Binance
LighterInjective357.12+0.252%
Coinbase International357.21+0.277%
Coinbase InternationalGOOGL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX GOOGLUSDC | −0.022% | +0.0917% | 4h | $210K | $806K | 10x | as long as short |
| Phoenix GOOGLlong | 0.000% | +0.0158% | 1h | $137K | $48K | 20x | |
| Variational Omni GOOGL | +0.009% | +0.0197% | 8h | $4.5M | $2.4M | — | as long as short |
| Aftermath Perps GOOGLUSD | +0.018% | +0.0155% | 1h | $144K | $56K | 10x | as long as short |
| ApeX Omni GOOGLUSDT | +0.034% | +0.0100% | 1h | $21K | $27K | 50x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.059% | +0.0050% | 1h | $2.5M | $3.5M | 15x | as long as short |
| Arcus GOOGL-USD | +0.095% | +0.0164% | 1h | $203K | $263K | 10x | as long as short |
| Polymarket Perps GOOG-USD | +0.118% | +0.0050% | 1h | $664K | $401K | 10x | as long as short |
| Hotstuff GOOGL-PERP | +0.121% | +0.0080% | 1h | $33K | — | 20x | as long as short |
| KuCoin GOOGLUSDTM | +0.129% | +0.0100% | 8h | $3.0M | $56K | 20x | as long as short |