Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.032%

Price spread now: Aevo against Bybit−0.055%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.055% cheaper against Bybit than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.24	0	get 0.0000% / 8h	2h 05m	$11.5M	$7.7M	100x
Short	Aevo GOOGL-PERP	356.04	0.0104	get 0.0013% / 1h	5m 27s	$25K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.055%Rate

Funding earned: $21.84
Price spread: −0.055% → 0.000%: −$5.49
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$10.65
Costs to cover: 0.270%
Break-even: 10.4 days

Slippage unknown: Bybit: live order book, 3 min ago; Aevo: no order-book sample. Net counts fees only.

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 Bybit live order book, 3 min ago	1.40 bp	9.8 bp −$10	13.3 bp −$133	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0032%	1h	355.79	−0.126%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	355.98	−0.073%	$33K	—	20x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.07	−0.048%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDTlong	0.0000%	8h	356.24	long leg	$11.5M	$7.7M	100x
Gate GOOGL_USDT	0.0000%	8h	356.08	−0.045%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	0.000%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.17	−0.018%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.23	−0.003%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.34	+0.028%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.27	+0.008%	$2.7M	$64K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0016%	1h	356.17	−0.020%	$422K	$1.6M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.98	−0.072%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0020%	8h	356.24	0.000%	$72.9M	$141.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.25	+0.003%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.247%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0038%	8h	356.22	−0.006%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.11	−0.036%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.18	−0.017%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.01	−0.065%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.04	−0.056%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.99	−0.070%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.80	−0.124%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0051%	8h	356.13	−0.031%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.17	−0.021%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.00	−0.067%	$202K	$303K	10x	as long as short
BloFin GOOGL-USDT	+0.0072%	8h	356.09	−0.042%	$688K	$235K	20x	as long as short
Nado GOOGL-PERP	+0.0087%	1h	355.92	−0.090%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.099%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.126%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.90	−0.095%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.10	−0.039%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERPshort	+0.0104%	1h	356.04	−0.055%	$25K	—	10x
Phoenix GOOGL	+0.0112%	1h	355.95	−0.081%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0171%	1h	356.14	−0.028%	$22K	$151K	10x	as long as short
Lighter GOOGL	+0.0192%	1h	356.24	0.000%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0398%	4h	356.14	−0.027%	$208K	$1.2M	10x	as long as short