Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.07 per $10,000 · paid last 24h −0.007%
Price spread now: Pacifica against Phoenix−0.020%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Pacifica is 0.020% cheaper against Phoenix than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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 | 356.56 | 0.0157 | pay 0.0020% / 1h | 52m 16s | $137K | $48K | 20x |
| Short | Pacifica GOOGL | 356.49 | 0.0100 | get 0.0013% / 1h | 52m 16s | $42K | $45K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12
- Price spread: −0.020% → 0.000%
- −$2.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$29.03
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 13 min ago; Pacifica: 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 Phoenix live order book, 13 min ago | 2.53 bp | 8.4 bp −$8 | 17.2 bp −$172 | doesn't fit | doesn't fit |
| Sell Pacifica no order-book sample | — | — | — | — | — |
Pacifica: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GOOGL_USDT | 0.0000% | 8h | 356.69 | +0.036% | $3.6M | $7.5M | 100x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 356.79 | +0.065% | $2K | $4.2M | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | 0.0000% | 1h | 356.58 | +0.006% | $23K | $153K | 10x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 356.93 | +0.104% | $115K | $224K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 356.69 | +0.036% | $2.7M | $66K | 10x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0018% | 1h | 356.31 | −0.070% | $144K | $53K | 10x | as long as short |
| Lighter RH GOOGL | +0.0032% | 1h | 356.78 | +0.062% | $1.4M | $2.3M | 20x | as long as short |
| Coinbase International GOOGL-PERP-INTX | +0.0032% | 1h | 356.24 | −0.090% | $530K | $1.1M | 10x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | +0.157% | $128K | $45K | 30x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 356.75 | +0.053% | — | $5K | 25x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 356.51 | −0.014% | $98.2M | $24.5M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 356.55 | −0.003% | $684K | $437K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 356.50 | −0.017% | $180 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 356.31 | −0.070% | $2.3M | $4.9M | 15x | as long as short |
| QFEX GOOGL-USD | +0.0064% | 1h | 356.75 | +0.053% | $1.3M | $4.8M | 10x | as long as short |
| Hotstuff GOOGL-PERP | +0.0064% | 1h | 356.52 | −0.011% | $33K | — | 20x | as long as short |
| Variational Omni GOOGL | +0.0064% | 8h | 356.63 | +0.019% | $4.8M | $2.7M | — | as long as short |
| Paradex GOOGL-USD-PERP | +0.0099% | 8h | 356.77 | +0.060% | $293 | $253 | 5x | as long as short |
| Pacifica GOOGLshort | +0.0100% | 1h | 356.49 | −0.020% | $42K | $45K | 10x | |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 356.39 | −0.048% | $3.0M | $66K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 356.33 | −0.065% | $21K | $9K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 356.69 | +0.036% | $10K | $10K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 356.60 | +0.012% | $25K | — | 10x | as long as short |
| Nado GOOGL-PERP | +0.0109% | 1h | 356.58 | +0.005% | $560K | $81K | 20x | as long as short |
| Aster GOOGLUSDT | +0.0114% | 8h | 356.83 | +0.076% | $365K | $457K | 20x | as long as short |
| Binance GOOGLUSDT | +0.0134% | 8h | 356.74 | +0.050% | $73.2M | $142.6M | 50x | as long as short |
| Extended GOOGL-USD | +0.0136% | 1h | 356.71 | +0.041% | $421K | $1.6M | 20x | as long as short |
| Bitget GOOGLUSDT | +0.0144% | 8h | 356.77 | +0.059% | $16.9M | $9.1M | 100x | as long as short |
| GRVT GOOGL_USDT_Perp | +0.0144% | 8h | 356.66 | +0.027% | $23K | $472K | 10x | as long as short |
| Lighter GOOGL | +0.0152% | 1h | 356.68 | +0.034% | $2.1M | $1.1M | 20x | as long as short |
| Phoenix GOOGLlong | +0.0157% | 1h | 356.56 | long leg | $137K | $48K | 20x | |
| OKX GOOGL-USDT-SWAP | +0.0200% | 8h | 356.86 | +0.084% | $13.8M | $12.8M | 50x | as long as short |
| BloFin GOOGL-USDT | +0.0254% | 8h | 356.77 | +0.059% | $688K | $235K | 20x | as long as short |
| Bybit GOOGLUSDT | +0.0286% | 8h | 356.83 | +0.076% | $11.5M | $7.7M | 100x | as long as short |
| Arcus GOOGL-USD | +0.0306% | 1h | 356.50 | −0.017% | $202K | $271K | 10x | as long as short |
| edgeX GOOGLUSDC | +0.0950% | 4h | 356.56 | 0.000% | $210K | $1.2M | 10x | as long as short |
Phoenix GOOGL
Pacifica GOOGL
Gate GOOGL_USDT
SunX GOOGL-USDT
Deribit GOOGL_USDC-PERPETUAL
HTX GOOGL-USDT
Phemex GOOGLUSDT
Aftermath Perps GOOGLUSD
Lighter RH GOOGL
Coinbase International GOOGL-PERP-INTX
Injective GOOGL/USDC PERP
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Variational Omni GOOGL
Paradex GOOGL-USD-PERP
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Aster GOOGLUSDT
Binance GOOGLUSDT
Extended GOOGL-USD
Bitget GOOGLUSDT
GRVT GOOGL_USDT_Perp
Lighter GOOGL
OKX GOOGL-USDT-SWAP
BloFin GOOGL-USDT
Bybit GOOGLUSDT
edgeX GOOGLUSDC