Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.033%

Price spread now: ApeX Omni against Bybit−0.123%109s7-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 ApeX Omni

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. ApeX Omni is 0.123% cheaper against Bybit than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 40 days of funding at the current rate ($0 a day). The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.82	0.0090	pay 0.0090% / 8h	45m 41s	$11.5M	$7.7M	100x
Short	ApeX Omni GOOGLUSDT	356.38	0.0100	get 0.0013% / 1h	45m 41s	$21K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.123%Rate

Funding earned: $2.16
Price spread: −0.123% → 0.000%: −$12.33
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$31.17
Costs to cover: 0.210%
Break-even: 108.1 days

Slippage unknown: Bybit: live order book, 3 min ago; ApeX Omni: 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	0.42 bp	7.6 bp −$8	14.7 bp −$147	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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
Hotstuff GOOGL-PERP	0.0000%	1h	356.56	−0.073%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.63	−0.053%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.71	−0.031%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.90	+0.022%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.76	−0.017%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.28	−0.151%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.36	−0.128%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.78	−0.011%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.084%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0045%	8h	356.58	−0.068%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GOOGL-USD-PERP	+0.0046%	1h	356.63	−0.053%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0047%	8h	356.59	−0.064%	$4.7M	$2.6M	—	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.50	−0.090%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.54	−0.078%	$183	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.143%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.62	−0.056%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0061%	1h	356.58	−0.067%	$98.2M	$24.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.54	−0.078%	$23K	$151K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.66	−0.045%	$292	$253	5x	as long as short
Bybit GOOGLUSDTlong	+0.0090%	8h	356.82	long leg	$11.5M	$7.7M	100x
Nado GOOGL-PERP	+0.0097%	1h	356.44	−0.107%	$560K	$82K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.40	−0.119%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.36	−0.129%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDTshort	+0.0100%	1h	356.38	−0.123%	$21K	$9K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.62	−0.056%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.63	−0.052%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0104%	8h	356.83	+0.003%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0111%	8h	356.69	−0.036%	$16.9M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0125%	8h	356.76	−0.016%	$73.0M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.70	−0.034%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0135%	8h	356.84	+0.006%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	−0.115%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0244%	8h	356.69	−0.036%	$691K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.53	−0.081%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0312%	1h	356.78	−0.011%	$2.1M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0686%	4h	356.57	−0.069%	$208K	$1.2M	10x	as long as short