Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.036%

Price spread now: tradeXYZ against Binance−0.023%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 2 days (all we have)−0.066%−$7 · spread now −0.023%, 7d avg −0.074%

Together, before fees−0.070%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.051% dearer against Binance than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.074%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. At the pace of the last 7 days (−0.003% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	356.74	0.0093	pay 0.0093% / 8h	6h 36m	$72.7M	$141.5M	50x
Short	tradeXYZ xyz:GOOGL	356.66	0.0050	get 0.0006% / 1h	36m 36s	$98.6M	$22.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$9.02
Price spread: −0.023% → −0.074%: $5.13
Slippage, 4 orders: −$1.06
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$32.94
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; tradeXYZ: live order book, 12 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, 6 min ago	0.14 bp	5.2 bp −$5	7.6 bp −$76	21.2 bp −$2,124	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.14 bp	9.3 bp −$9	doesn't fit	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-INTX	−0.0024%	1h	356.40	−0.096%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	−0.029%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.68	−0.017%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.002%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	−0.004%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.73	−0.003%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	−0.071%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.83	+0.025%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	−0.006%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	+0.0002%	1h	356.60	−0.040%	$556K	$80K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.44	−0.084%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0022%	8h	356.66	−0.023%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.77	+0.008%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.106%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	−0.023%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.49	−0.071%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.81	+0.019%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	356.66	−0.023%	$98.6M	$22.3M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.42	−0.090%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.64	−0.029%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.47	−0.076%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.75	+0.002%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	−0.019%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.76	+0.006%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	356.63	−0.032%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	−0.034%	$137K	$36K	20x	as long as short
Binance GOOGLUSDTlong	+0.0093%	8h	356.74	long leg	$72.7M	$141.5M	50x
Extended GOOGL-USD	+0.0096%	1h	356.67	−0.019%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.52	−0.064%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.34	−0.113%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.60	−0.040%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.57	−0.049%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0122%	8h	356.92	+0.050%	$11.6M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.86	+0.033%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.076%	$651K	$234K	20x	as long as short