Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.011%

Price spread now: Extended against Bybit−0.060%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.060%, 7d avg −0.053%

Together, before fees−0.033%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.75	0.0085	pay 0.0085% / 8h	6h 44m	$11.6M	$7.5M	100x
Short	Extended GOOGL-USD	356.54	0.0096	get 0.0012% / 1h	44m 03s	$421K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.060%Rate

Funding earned: $2.3
Price spread: −0.060% → −0.053%: −$0.7
Slippage, 4 orders: −$5.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$19.87
Costs to cover: 0.215%
Break-even: 67.5 days

Slippage from Bybit: live order book, 4 min ago; Extended: 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, 4 min ago	0.28 bp	7.4 bp −$7	11.6 bp −$116	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.14 bp	3.5 bp −$4	11.1 bp −$111	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
Hotstuff GOOGL-PERP	−0.0104%	1h	356.47	−0.078%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.00	−0.210%	$528K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.55	−0.056%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.57	−0.050%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.45	−0.085%	$23K	$443K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.62	−0.036%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.36	−0.109%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.72	−0.008%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.56	−0.053%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0009%	1h	356.23	−0.145%	$144K	$51K	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	+0.0009%	1h	356.39	−0.101%	$556K	$80K	20x	as long as short
Variational Omni GOOGL	+0.0020%	8h	356.45	−0.084%	$4.8M	$2.3M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.60	−0.042%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.104%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.48	−0.076%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.30	−0.126%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.57	−0.050%	—	$5K	25x	as long as short
Lighter GOOGL	+0.0048%	1h	356.53	−0.062%	$2.1M	$1.1M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.48	−0.076%	$98.3M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	−0.115%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.49	−0.073%	$160	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.23	−0.146%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.54	−0.058%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0074%	8h	356.59	−0.044%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDTlong	+0.0085%	8h	356.75	long leg	$11.6M	$7.5M	100x
Phoenix GOOGL	+0.0090%	1h	356.36	−0.109%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0096%	8h	356.62	−0.036%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USDshort	+0.0096%	1h	356.54	−0.060%	$421K	$1.8M	20x
Pacifica GOOGL	+0.0100%	1h	356.33	−0.119%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.14	−0.171%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.140%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.43	−0.090%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.47	−0.080%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0180%	8h	356.71	−0.011%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.078%	$651K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0635%	4h	356.43	−0.089%	$209K	$1.2M	10x	as long as short