Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.135%

Price spread now: edgeX against Bybit−0.045%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.045%, 7d avg −0.046%

Together, before fees+0.027%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% 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	Bybit GOOGLUSDT	357.71	0.0083	pay 0.0083% / 8h	15m 05s	$11.5M	$7.9M	100x
Short	edgeX GOOGLUSDC	357.55	0.0377	get 0.0189% / 4h	15m 05s	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $61.94
Price spread: −0.045% → −0.046%: $0.09
Slippage, 4 orders: −$12.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $29.18
Costs to cover: 0.329%
Break-even: 3.7 days

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.14 bp	8.4 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	3.22 bp	7.9 bp −$8	11.0 bp −$110	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
Deribit GOOGL_USDC-PERPETUAL	−0.0337%	1h	357.29	−0.117%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.173%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0009%	1h	357.52	−0.053%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.62	−0.025%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.53	−0.050%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.67	−0.011%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	−0.025%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.56	−0.042%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.69	−0.006%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.022%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.69	−0.006%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0005%	8h	357.86	+0.041%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.44	−0.077%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.59	−0.034%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0028%	8h	357.72	+0.003%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.61	−0.028%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.165%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.58	−0.036%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.35	−0.101%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.028%	—	$5K	25x	as long as short
KuCoin GOOGLUSDTM	+0.0049%	8h	357.16	−0.154%	$3.0M	$106K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.52	−0.053%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.41	−0.084%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.48	−0.064%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.145%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.65	−0.017%	$293	$253	5x	as long as short
Bybit GOOGLUSDTlong	+0.0083%	8h	357.71	long leg	$11.5M	$7.9M	100x
Hotstuff GOOGL-PERP	+0.0088%	1h	357.50	−0.059%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.45	−0.072%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	−0.098%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	−0.062%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.54	−0.047%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0112%	8h	357.62	−0.025%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.67	−0.011%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	−0.109%	$137K	$36K	20x	as long as short
edgeX GOOGLUSDCshort	+0.0377%	4h	357.55	−0.045%	$208K	$1.2M	10x