Settings8H · net · $10k
Funding arb · Price arb /

GOOGL

RWAall GOOGL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRnext payment $0.68 per $10,000 · paid last 24h −0.059%
Price spread now: KuCoin against BloFin−0.137%110s7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2682.683% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.273%−$27 on $10k
Price spread, last 4 days (all we have)−0.198%−$20 · spread now −0.137%, 7d avg −0.079%
Together, before fees−0.471%−$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.058% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.079%). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin GOOGL-USDT357.940.0168pay 0.0168% / 8h5h 01m$697K$234K20x
ShortKuCoin GOOGLUSDTM357.450.0100get 0.0100% / 8h5h 01m$3.0M$72K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$14.28
Price spread: −0.137% → −0.079%
−$5.77
Slippage, 4 orders
−$244.31
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$288.36
Costs to cover
2.683%
Break-even
never at this rate
Slippage from BloFin: live order book, 40 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 40 min ago0.14 bp7.5 bp −$88.9 bp −$8915.5 bp −$1,555doesn't fit
Sell KuCoin live order book, 6 min ago2.10 bp117.8 bp −$118doesn't fitdoesn't fitdoesn't fit

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff GOOGL-PERP−0.0088%1h357.71−0.064%$33K20xas long as short
Coinbase International GOOGL-PERP-INTX−0.0064%1h357.46−0.134%$524K$1.1M10xas long as short
Nado GOOGL-PERP−0.0008%1h357.64−0.083%$558K$80K20xas long as short
Gate GOOGL_USDT0.0000%8h357.83−0.031%$3.6M$7.5M100xas long as short
Variational Omni GOOGL0.0000%8h357.92−0.007%$4.8M$2.4Mas long as short
GRVT GOOGL_USDT_Perp0.0000%8h357.93−0.003%$23K$436K10xas long as short
SunX GOOGL-USDT0.0000%8h357.97+0.008%$1K$4.1M20xas long as short
Deribit GOOGL_USDC-PERPETUAL0.0000%1h357.65−0.081%$24K$155K10xas long as short
HTX GOOGL-USDT0.0000%8h357.98+0.011%$115K$222K30xas long as short
Phemex GOOGLUSDT0.0000%4h357.98+0.011%$2.7M$81K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps GOOGLUSD+0.0006%1h357.62−0.088%$144K$50K10xas long as short
QFEX GOOGL-USD+0.0028%1h357.83−0.031%$1.3M$4.3M10xas long as short
Aster GOOGLUSDT+0.0029%8h357.69−0.071%$366K$457K20xas long as short
Lighter RH GOOGL+0.0032%1h357.940.000%$1.3M$2.3M20xas long as short
Injective GOOGL/USDC PERP+0.0033%1h357.12−0.229%$128K$45K30xas long as short
Arcus GOOGL-USD+0.0040%1h357.64−0.084%$208K$277K10xas long as short
Vest GOOGL-USD-PERP+0.0046%1h357.90−0.011%$5K25xas long as short
Extended GOOGL-USD+0.0048%1h357.89−0.015%$426K$1.8M20xas long as short
tradeXYZ xyz:GOOGL+0.0050%1h357.72−0.061%$99.1M$21.1M20xas long as short
Polymarket Perps GOOG-USD+0.0050%1h357.70−0.067%$686K$429K10xas long as short
SoDEX GOOGL-USD+0.0050%1h357.71−0.064%$152$46K10xas long as short
Binance GOOGLUSDT+0.0050%8h357.98+0.011%$73.1M$141.4M50xas long as short
Ondo Perps GOOGL-USD.P+0.0050%1h357.58−0.101%$2.3M$4.9M15xas long as short
Bitget GOOGLUSDT+0.0060%8h357.98+0.011%$17.5M$9.6M100xas long as short
Paradex GOOGL-USD-PERP+0.0077%8h357.84−0.029%$293$2535xas long as short
Pacifica GOOGL+0.0100%1h357.84−0.028%$42K$41K10xas long as short
KuCoin GOOGLUSDTMshort+0.0100%8h357.45−0.137%$3.0M$72K20x
ApeX Omni GOOGLUSDT+0.0100%1h357.61−0.092%$22K$10K50xas long as short
Orderly PERP_GOOGL_USDC+0.0100%8h357.64−0.084%$10K$10K20xas long as short
Aevo GOOGL-PERP+0.0104%1h357.80−0.038%$25K10xas long as short
OKX GOOGL-USDT-SWAP+0.0108%8h357.92−0.006%$13.8M$12.4M50xas long as short
Phoenix GOOGL+0.0112%1h357.78−0.045%$138K$36K20xas long as short
Bybit GOOGLUSDT+0.0115%8h358.08+0.039%$12.0M$7.6M100xas long as short
BloFin GOOGL-USDTlong+0.0168%8h357.94long leg$697K$234K20x
Lighter GOOGL+0.0176%1h357.97+0.008%$2.1M$1.2M20xas long as short
edgeX GOOGLUSDC+0.0510%4h357.91−0.007%$209K$1.2M10xas long as short