Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.036%

Price spread now: Phemex against Variational Omni+0.044%7-day average +0.034% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.044%, 7d avg +0.034%

Together, before fees+0.024%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	357.09	0	get 0.0000% / 8h	1h 51m	$4.8M	$2.4M	—
Short	Phemex GOOGLUSDT	357.25	0	get 0.0000% / 4h	1h 51m	$2.7M	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. 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 Variational OmnibpFee PhemexbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.034%: $0.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$11.02
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phemex: live order book, 2 min ago. 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 Variational Omni RFQ quote, 2 min ago	2.62 bp	doesn't fit	8.5 bp −$85	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.10 bp	32.8 bp −$33	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	−0.0024%	1h	356.88	−0.060%	$519K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0004%	1h	356.98	−0.033%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.09	−0.001%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.03	−0.018%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.22	+0.036%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	357.09	long leg	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.15	+0.017%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.17	+0.022%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.86	−0.065%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.22	+0.036%	$115K	$212K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDTshort	0.0000%	4h	357.25	+0.044%	$2.7M	$87K	10x
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.22	+0.036%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.09	−0.001%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.008%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	−0.018%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.27	+0.051%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.92	−0.048%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.89	−0.057%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.23	+0.039%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.93	−0.046%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.98	−0.032%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.93	−0.046%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.071%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.06	−0.009%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.16	+0.019%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.05	−0.012%	$422K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.09	−0.001%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.95	−0.041%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.67	−0.118%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.00	−0.026%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.94	−0.043%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.04	−0.015%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0176%	1h	357.12	+0.008%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.13	+0.010%	$690K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0181%	8h	357.16	+0.019%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0833%	4h	357.10	+0.001%	$208K	$1.2M	10x	as long as short