Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0781%/8h= +85.5% APRpaid last 24h +0.102%

Price spread now: edgeX against BloFin−0.007%101s7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.007%, 7d avg −0.021%

Together, before fees−0.344%+ Points / potential airdropedgeX: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.230%, so the current rate has only just turned in your favour. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.230% in total (about -12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOOGL-USDT	357.37	0.0211	pay 0.0211% / 8h	2h 49m	$693K	$235K	20x
Short	edgeX GOOGLUSDC	357.35	0.0992	get 0.0496% / 4h	2h 49m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $164.03
Price spread: −0.007% → −0.021%: $1.41
Slippage, 4 orders: −$8.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $136.29
Costs to cover: 0.291%
Break-even: 1.2 days

Slippage from BloFin: live order book, 42 min ago; edgeX: live order book, 4 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 BloFin live order book, 42 min ago	0.14 bp	6.2 bp −$6	7.2 bp −$72	15.0 bp −$1,501	doesn't fit
Sell edgeX live order book, 4 min ago	3.22 bp	8.0 bp −$8	11.2 bp −$112	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
Gate GOOGL_USDT	0.0000%	8h	357.18	−0.053%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.32	−0.014%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.31	−0.017%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.04	−0.092%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.43	+0.017%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.42	+0.014%	$2.7M	$87K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	357.04	−0.092%	$33K	—	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0008%	8h	357.35	−0.006%	$24K	$447K	10x	as long as short
Variational Omni GOOGL	+0.0014%	8h	357.33	−0.011%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	−0.050%	$521K	$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
Nado GOOGL-PERP	+0.0018%	1h	357.00	−0.103%	$557K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.26	−0.032%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.19	−0.050%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.070%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.11	−0.073%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	−0.034%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.22	−0.042%	$1.3M	$4.3M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0048%	8h	357.22	−0.042%	$13.7M	$12.5M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.05	−0.090%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.07	−0.084%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.10	−0.076%	$146	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.04	−0.092%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	357.17	−0.057%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	357.40	+0.008%	$366K	$426K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.17	−0.056%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	357.26	−0.030%	$72.2M	$143.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.01	−0.101%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.05	−0.090%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	−0.059%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.18	−0.053%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.17	−0.057%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.20	−0.048%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	−0.045%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDTlong	+0.0211%	8h	357.37	long leg	$693K	$235K	20x
Bybit GOOGLUSDT	+0.0226%	8h	357.35	−0.006%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDCshort	+0.0992%	4h	357.35	−0.007%	$208K	$1.2M	10x