Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0130%/8h= −14.3% APRpaid last 24h −0.026%

Price spread now: Coinbase International against Binance−0.115%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 2 days (all we have)−0.047%−$5 · spread now −0.115%, 7d avg −0.107%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.107%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	356.60	0.0106	pay 0.0106% / 8h	1h 16m	$73.0M	$142.1M	50x
Short	Coinbase International GOOGL-PERP-INTX	356.19	−0.0024	pay 0.0003% / 1h	16m 26s	$530K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$27.4
Price spread: −0.115% → −0.107%: −$0.76
Slippage, 4 orders: −$8.49
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$56.66
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Coinbase International: live order book, 2 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 Binance live order book, 12 min ago	0.14 bp	5.6 bp −$6	8.1 bp −$81	21.1 bp −$2,111	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.81 bp	8.9 bp −$9	11.3 bp −$113	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-INTXshort	−0.0024%	1h	356.19	−0.115%	$530K	$1.1M	10x
Gate GOOGL_USDT	0.0000%	8h	356.47	−0.036%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.60	0.000%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.74	+0.039%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.57	−0.008%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.20	−0.113%	$144K	$54K	10x	as long as short
Variational Omni GOOGL	+0.0021%	8h	356.43	−0.048%	$4.6M	$2.5M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.63	+0.008%	$1.4M	$2.5M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	356.40	−0.055%	$23K	$481K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.146%	$128K	$45K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOOGL-USD	+0.0045%	1h	356.49	−0.031%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.56	−0.011%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.34	−0.073%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.33	−0.076%	$98.0M	$24.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.33	−0.076%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.33	−0.076%	$181	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.09	−0.143%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0059%	8h	356.62	+0.006%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	356.63	+0.009%	$362K	$455K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.51	−0.027%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0089%	8h	356.62	+0.006%	$16.9M	$9.2M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.49	−0.031%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.12	−0.135%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	−0.112%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	−0.039%	$10K	$10K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0101%	8h	356.63	+0.008%	$13.8M	$12.8M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.52	−0.022%	$421K	$1.6M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.42	−0.051%	$25K	—	10x	as long as short
Binance GOOGLUSDTlong	+0.0106%	8h	356.60	long leg	$73.0M	$142.1M	50x
Nado GOOGL-PERP	+0.0131%	1h	356.27	−0.091%	$558K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.38	−0.062%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0143%	1h	356.38	−0.062%	$22K	$151K	10x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.35	−0.070%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0224%	4h	356.43	−0.048%	$208K	$1.2M	10x	as long as short
BloFin GOOGL-USDT	+0.0225%	8h	356.62	+0.006%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.61	+0.003%	$2.0M	$1.0M	20x	as long as short