Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.027%

Price spread now: Deribit against Binance−0.049%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.052%+$5 on $10k

Price spread, last 2 days (all we have)+0.028%+$3 · spread now −0.049%, 7d avg −0.048%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.052%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	356.36	0.0121	pay 0.0121% / 8h	7h 33m	$72.9M	$143.0M	50x
Short	Deribit GOOGL_USDC-PERPETUAL	356.19	0	get 0.0000% / 1h	33m 05s	$23K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$25.32
Price spread: −0.049% → −0.048%: −$0.15
Slippage, 4 orders: −$10.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.53
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Deribit: live order book, 40 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, 10 min ago	0.14 bp	5.2 bp −$5	7.8 bp −$78	26.9 bp −$2,686	doesn't fit
Sell Deribit live order book, 40 min ago	0.14 bp	3.6 bp −$4	7.2 bp −$72	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
Gate GOOGL_USDT	0.0000%	8h	356.29	−0.021%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.39	+0.008%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.37	+0.001%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.19	−0.049%	$23K	$153K	10x
HTX GOOGL-USDT	0.0000%	8h	356.41	+0.013%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.43	+0.018%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.12	−0.069%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.38	+0.004%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.144%	$528K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.212%	$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
Lighter GOOGL	+0.0040%	1h	356.29	−0.021%	$2.1M	$1.1M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.17	−0.055%	$33K	—	20x	as long as short
Nado GOOGL-PERP	+0.0044%	1h	356.21	−0.043%	$559K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.39	+0.007%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.17	−0.055%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.15	−0.060%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.17	−0.055%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.95	−0.116%	$2.2M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0057%	8h	356.37	+0.001%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.26	−0.029%	$1.3M	$4.8M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0082%	8h	356.35	−0.005%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0092%	8h	356.42	+0.016%	$17.0M	$9.3M	100x	as long as short
Aster GOOGLUSDT	+0.0100%	8h	356.56	+0.055%	$364K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.16	−0.058%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.91	−0.128%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.18	−0.052%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.22	−0.041%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.24	−0.036%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0105%	8h	356.45	+0.024%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.29	−0.022%	$424K	$2.0M	20x	as long as short
Binance GOOGLUSDTlong	+0.0121%	8h	356.36	long leg	$72.9M	$143.0M	50x
Phoenix GOOGL	+0.0157%	1h	356.21	−0.043%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.41	+0.013%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.40	+0.010%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.13	−0.066%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0581%	4h	356.41	+0.013%	$209K	$1.2M	10x	as long as short