Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.026%

Price spread now: Pacifica against Bybit−0.006%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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 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	357.39	0.0250	pay 0.0250% / 8h	3h 49m	$12.0M	$7.5M	100x
Short	Pacifica GOOGL	357.37	0.0100	get 0.0013% / 1h	49m 26s	$42K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.006%Rate

Funding earned: −$31.43
Price spread: −0.006% → 0.000%: −$0.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Pacifica: 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, 4 min ago	0.28 bp	7.0 bp −$7	12.9 bp −$129	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
Gate GOOGL_USDT	0.0000%	8h	357.17	−0.062%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.39	0.000%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.43	+0.011%	$819	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.58	+0.053%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.58	+0.053%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.36	−0.008%	$524K	$1.1M	10x	as long as short
Variational Omni GOOGL	+0.0029%	8h	357.45	+0.017%	$4.8M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	+0.0030%	8h	357.58	+0.054%	$23K	$432K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.20	−0.053%	$144K	$48K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.39	0.000%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.076%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.20	−0.053%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.32	−0.020%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.04	−0.098%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.18	−0.059%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.12	−0.076%	$2.3M	$4.8M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.19	−0.056%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.22	−0.048%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0090%	8h	357.53	+0.039%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0090%	1h	357.08	−0.087%	$557K	$80K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0092%	1h	357.02	−0.104%	$99.0M	$20.5M	20x	as long as short
Pacifica GOOGLshort	+0.0100%	1h	357.37	−0.006%	$42K	$41K	10x
KuCoin GOOGLUSDTM	+0.0100%	8h	357.13	−0.073%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.28	−0.031%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.18	−0.059%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.32	−0.018%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0110%	8h	357.21	−0.050%	$72.6M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.19	−0.055%	$422K	$1.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0114%	1h	357.22	−0.048%	$24K	$155K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0115%	8h	357.24	−0.042%	$13.8M	$12.4M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0121%	8h	357.29	−0.029%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.38	−0.003%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0227%	8h	357.52	+0.036%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDTlong	+0.0250%	8h	357.39	long leg	$12.0M	$7.5M	100x
Lighter GOOGL	+0.0344%	1h	357.36	−0.008%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0914%	4h	357.53	+0.039%	$208K	$1.2M	10x	as long as short