Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.014%

Price spread now: QFEX against Bitget−0.064%7-day average −0.041% · 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−$32as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.064%, 7d avg −0.041%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.041%). If the spread goes back, that is −$2 on $10k: about 48 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GOOGLUSDT	358.79	0	get 0.0000% / 8h	7h 02m	$17.4M	$9.4M	100x
Short	QFEX GOOGL-USD	358.56	0.0039	get 0.0005% / 1h	2m 03s	$1.3M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $8.25
Price spread: −0.064% → −0.041%: −$2.35
Slippage, 4 orders: −$7.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.92
Costs to cover: 0.298%
Break-even: 27.3 days

Slippage from Bitget: live order book, 2 min ago; QFEX: live order book, 7 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, 2 min ago	0.84 bp	8.8 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.26 bp	6.3 bp −$6	6.8 bp −$68	11.3 bp −$1,134	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	−0.0080%	1h	357.26	−0.426%	$513K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.69	−0.028%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.59	−0.056%	$3.7M	$7.2M	100x	as long as short
Bitget GOOGLUSDTlong	0.0000%	8h	358.79	long leg	$17.4M	$9.4M	100x
Variational Omni GOOGL	0.0000%	8h	358.63	−0.046%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.69	−0.028%	$2K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.47	−0.089%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.85	+0.017%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.81	+0.006%	$2.7M	$94K	10x	as long as short
Aster GOOGLUSDT	+0.0007%	8h	358.51	−0.077%	$368K	$423K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDT	+0.0024%	8h	358.72	−0.020%	$72.8M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.60	−0.052%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.19	−0.166%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.66	−0.036%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.465%	$128K	$45K	30x	as long as short
QFEX GOOGL-USDshort	+0.0039%	1h	358.56	−0.064%	$1.3M	$4.1M	10x
Arcus GOOGL-USD	+0.0040%	1h	358.47	−0.089%	$211K	$283K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.78	−0.003%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.53	−0.072%	$98.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.46	−0.092%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.52	−0.075%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.91	−0.245%	$2.3M	$4.0M	15x	as long as short
Nado GOOGL-PERP	+0.0054%	1h	358.50	−0.081%	$551K	$81K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0055%	8h	358.67	−0.032%	$24K	$449K	10x	as long as short
Bybit GOOGLUSDT	+0.0065%	8h	358.71	−0.022%	$11.5M	$7.4M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	358.62	−0.048%	$294	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0079%	8h	358.33	−0.128%	$3.0M	$176K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.42	−0.103%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0094%	8h	358.64	−0.042%	$686K	$237K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.63	−0.045%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.34	−0.125%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.59	−0.056%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.53	−0.074%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	358.47	−0.089%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0184%	1h	358.67	−0.033%	$2.0M	$1.5M	20x	as long as short
edgeX GOOGLUSDC	+0.0699%	4h	358.59	−0.056%	$209K	$1.2M	10x	as long as short