Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.038%

Price spread now: QFEX against Binance−0.017%7-day average −0.039% · 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−$22as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days−0.010%−$1 · spread now −0.017%, 7d avg −0.039%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.023% dearer against Binance than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.039%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	357.02	0.0081	pay 0.0081% / 8h	2h 29m	$72.0M	$143.7M	50x
Short	QFEX GOOGL-USD	356.96	0.0047	get 0.0006% / 1h	29m 21s	$1.2M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$7.14
Price spread: −0.017% → −0.039%: $2.27
Slippage, 4 orders: −$4.23
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.1
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; QFEX: live order book, 9 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, 14 min ago	0.14 bp	5.6 bp −$6	8.7 bp −$87	24.3 bp −$2,434	doesn't fit
Sell QFEX live order book, 9 min ago	1.54 bp	6.5 bp −$7	7.2 bp −$72	13.6 bp −$1,357	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	356.89	−0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.03	+0.003%	$17.3M	$9.9M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.02	+0.001%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.05	+0.008%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.76	−0.073%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.19	+0.048%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.06	+0.011%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERP	+0.0005%	1h	356.85	−0.049%	$557K	$86K	20x	as long as short
Variational Omni GOOGL	+0.0006%	8h	356.98	−0.011%	$4.7M	$2.3M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.126%	$519K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX GOOGL-USDT-SWAP	+0.0019%	8h	356.94	−0.022%	$13.7M	$12.8M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.74	−0.078%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.98	−0.011%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.028%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.74	−0.078%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.11	+0.025%	—	$5K	25x	as long as short
QFEX GOOGL-USDshort	+0.0047%	1h	356.96	−0.017%	$1.2M	$4.3M	10x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.79	−0.064%	$98.1M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.80	−0.062%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.79	−0.064%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.70	−0.090%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0061%	8h	357.16	+0.038%	$366K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	356.98	−0.012%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0080%	1h	356.91	−0.030%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDTlong	+0.0081%	8h	357.02	long leg	$72.0M	$143.7M	50x
Pacifica GOOGL	+0.0100%	1h	356.84	−0.051%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.91	−0.031%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.83	−0.053%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.87	−0.042%	$10K	$11K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	356.79	−0.064%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.88	−0.038%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.00	−0.006%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.84	−0.050%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0202%	8h	357.03	+0.003%	$693K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0213%	8h	357.13	+0.031%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0619%	4h	356.93	−0.026%	$208K	$1.2M	10x	as long as short