Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%

Price spread now: Extended against Binance−0.020%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 2 days (all we have)+0.008%+$1 · spread now −0.020%, 7d avg −0.023%

Together, before fees+0.017%+ Points / potential airdropExtended: 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	Binance GOOGLUSDT	356.58	0.0132	pay 0.0132% / 8h	25m 39s	$73.1M	$142.9M	50x
Short	Extended GOOGL-USD	356.51	0.0128	get 0.0016% / 1h	25m 39s	$421K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.75
Price spread: −0.020% → −0.023%: $0.27
Slippage, 4 orders: −$2.83
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.31
Costs to cover: 0.178%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Extended: live order book, 3 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, 2 min ago	0.14 bp	5.2 bp −$5	7.6 bp −$76	22.0 bp −$2,196	doesn't fit
Sell Extended live order book, 3 min ago	0.14 bp	3.5 bp −$4	12.2 bp −$122	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
Hotstuff GOOGL-PERP	0.0000%	1h	356.32	−0.073%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.44	−0.039%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.63	+0.014%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.73	+0.042%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.66	+0.022%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.050%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.36	−0.062%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.59	+0.003%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.151%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.47	−0.031%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.60	+0.005%	$23K	$472K	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.31	−0.076%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.34	−0.067%	$185	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.10	−0.135%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0055%	1h	356.32	−0.073%	$98.9M	$25.2M	20x	as long as short
Variational Omni GOOGL	+0.0060%	8h	356.59	+0.004%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.51	−0.020%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0092%	8h	356.45	−0.036%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.19	−0.108%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.29	−0.081%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.32	−0.073%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.45	−0.036%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.47	−0.029%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0110%	8h	356.67	+0.026%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0116%	1h	356.24	−0.096%	$559K	$82K	20x	as long as short
Bybit GOOGLUSDT	+0.0116%	8h	356.64	+0.017%	$11.5M	$7.8M	100x	as long as short
Bitget GOOGLUSDT	+0.0127%	8h	356.60	+0.006%	$16.8M	$9.3M	100x	as long as short
Extended GOOGL-USDshort	+0.0128%	1h	356.51	−0.020%	$421K	$1.6M	20x
Binance GOOGLUSDTlong	+0.0132%	8h	356.58	long leg	$73.1M	$142.9M	50x
Phoenix GOOGL	+0.0157%	1h	356.29	−0.081%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0167%	8h	356.65	+0.020%	$13.9M	$12.9M	50x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.33	−0.070%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0251%	8h	356.65	+0.020%	$694K	$236K	20x	as long as short
Lighter GOOGL	+0.0288%	1h	356.55	−0.008%	$2.1M	$1.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0396%	1h	356.45	−0.036%	$23K	$152K	10x	as long as short
edgeX GOOGLUSDC	+0.0842%	4h	356.48	−0.028%	$210K	$1.2M	10x	as long as short