Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: Deribit against Bitget−0.045%7-day average −0.049% · 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−$30as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.055%+$6 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.045%, 7d avg −0.049%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GOOGLUSDT	357.45	0	get 0.0000% / 8h	39m 36s	$17.3M	$9.8M	100x
Short	Deribit GOOGL_USDC-PERPETUAL	357.29	0	get 0.0000% / 1h	39m 36s	$24K	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.049%: $0.39
Slippage, 4 orders: −$11.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.68
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Deribit: live order book, 64 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 Bitget live order book, 4 min ago	0.56 bp	7.1 bp −$7	10.2 bp −$102	25.3 bp −$2,531	doesn't fit
Sell Deribit live order book, 64 min ago	0.14 bp	3.6 bp −$4	4.7 bp −$47	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	−0.0048%	1h	356.60	−0.238%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.38	−0.020%	$13.6M	$12.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.30	−0.042%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDTlong	0.0000%	8h	357.45	long leg	$17.3M	$9.8M	100x
Variational Omni GOOGL	0.0000%	8h	357.43	−0.007%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.45	−0.001%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.49	+0.011%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	357.29	−0.045%	$24K	$157K	10x
HTX GOOGL-USDT	0.0000%	8h	357.54	+0.025%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.48	+0.008%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0010%	1h	357.25	−0.057%	$549K	$91K	20x	as long as short
Aster GOOGLUSDT	+0.0013%	8h	357.36	−0.026%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.23	−0.061%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.31	−0.039%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.28	−0.048%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.092%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.26	−0.053%	$1.3M	$4.2M	10x	as long as short
Binance GOOGLUSDT	+0.0035%	8h	357.36	−0.024%	$72.1M	$143.4M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.14	−0.087%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.50	+0.014%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.21	−0.067%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.16	−0.081%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.18	−0.076%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.22	−0.064%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.09	−0.101%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.26	−0.053%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0064%	8h	356.89	−0.157%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.08	−0.104%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.17	−0.078%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.30	−0.042%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.34	−0.032%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	357.40	−0.014%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.13	−0.090%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0133%	8h	357.42	−0.008%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.38	−0.020%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.42	−0.009%	$208K	$1.2M	10x	as long as short