Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Phemex against Vest−0.022%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.022% cheaper against Vest 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GOOGL-USD-PERP	357.69	0.0046	pay 0.0006% / 1h	39m 14s	—	$5K	25x
Short	Phemex GOOGLUSDT	357.61	0	get 0.0000% / 4h	3h 39m	$2.7M	$85K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Vest. 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 VestbpFee PhemexbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$9.59
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$25.83
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Phemex: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	1.68 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit

Vest: 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	357.43	−0.073%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.58	−0.031%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.54	−0.042%	$965	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.33	−0.101%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.67	−0.006%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	357.61	−0.022%	$2.7M	$85K	10x
Nado GOOGL-PERP	+0.0012%	1h	357.47	−0.061%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.11	−0.162%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0026%	1h	357.24	−0.125%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0029%	8h	357.51	−0.050%	$4.8M	$2.4M	—	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	357.55	−0.039%	$1.3M	$2.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.49	−0.056%	$23K	$440K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.159%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.23	−0.129%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERPlong	+0.0046%	1h	357.69	long leg	—	$5K	25x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.37	−0.089%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.34	−0.098%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.36	−0.092%	$138	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.17	−0.145%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.47	−0.062%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0087%	8h	357.76	+0.019%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0100%	8h	357.49	−0.056%	$13.8M	$12.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.51	−0.050%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.151%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.26	−0.120%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.45	−0.067%	$10K	$11K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.44	−0.070%	$419K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.43	−0.074%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0106%	8h	357.52	−0.048%	$72.5M	$141.9M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.59	−0.027%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	−0.101%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0200%	1h	357.43	−0.073%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0224%	1h	357.52	−0.048%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0226%	8h	357.58	−0.031%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0239%	8h	357.54	−0.042%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0359%	4h	357.48	−0.059%	$208K	$1.2M	10x	as long as short