Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.063%

Price spread now: GRVT against Bybit−0.018%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 3 days (all we have)−0.105%−$11 · spread now −0.018%, 7d avg −0.023%

Together, before fees−0.192%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour

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	GRVT GOOGL_USDT_Perp	356.17	0	get 0.0000% / 8h	2h 05m	$23K	$507K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.023%: $0.51
Slippage, 4 orders: −$16.1
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$35.59
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; GRVT: live order book, 18 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	1.40 bp	9.8 bp −$10	13.3 bp −$133	doesn't fit	doesn't fit
Sell GRVT live order book, 18 min ago	1.12 bp	7.2 bp −$7	11.7 bp −$117	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
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	356.08	−0.046%	$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	356.09	−0.042%	$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_Perpshort	0.0000%	8h	356.17	−0.018%	$23K	$507K	10x
SunX GOOGL-USDT	0.0000%	8h	356.23	−0.003%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.29	+0.014%	$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	356.21	−0.008%	$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	355.99	−0.070%	$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	+0.0080%	8h	356.15	−0.025%	$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-PERP	+0.0104%	1h	356.04	−0.055%	$25K	—	10x	as long as short
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	+0.0200%	1h	356.25	+0.003%	$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