Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.017%

Price spread now: Polymarket Perps against Bybit−0.092%57s7-day average −0.105% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.011%−$1 · spread now −0.092%, 7d avg −0.105%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.105%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 57 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	357.51	0.0028	pay 0.0028% / 8h	7h 32m	$11.5M	$7.5M	100x
Short	Polymarket Perps GOOG-USD	357.18	0.0050	get 0.0006% / 1h	32m 38s	$685K	$415K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.092%Rate

Funding earned: $4.63
Price spread: −0.092% → −0.105%: $1.31
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.06
Costs to cover: 0.190%
Break-even: 26.7 days

Slippage unknown: Bybit: live order book, 6 min ago; Polymarket Perps: live order book, 1 min ago. 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, 6 min ago	0.42 bp	8.0 bp −$8	12.3 bp −$123	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	363.13 bp	doesn't fit	doesn't fit	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	−0.0080%	1h	357.28	−0.064%	$517K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.42	−0.025%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.30	−0.059%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.60	+0.025%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.63	+0.032%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	+0.038%	$23K	$433K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.48	−0.008%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.24	−0.076%	$24K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.58	+0.020%	$115K	$209K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.81	+0.084%	$2.7M	$91K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	0.0000%	8h	357.77	+0.072%	$366K	$423K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	357.29	−0.062%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0023%	8h	357.56	+0.014%	$72.4M	$141.6M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.45	−0.018%	$424K	$2.5M	20x	as long as short
Bybit GOOGLUSDTlong	+0.0028%	8h	357.51	long leg	$11.5M	$7.5M	100x
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.53	+0.006%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.37	−0.039%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.109%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.42	−0.025%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.33	−0.050%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.61	+0.028%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0047%	1h	357.42	−0.025%	$550K	$88K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.25	−0.073%	$98.3M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	357.18	−0.092%	$685K	$415K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.31	−0.056%	$116	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.17	−0.095%	$2.3M	$4.1M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.36	−0.042%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0058%	8h	357.17	−0.095%	$3.0M	$146K	20x	as long as short
edgeX GOOGLUSDC	+0.0081%	4h	357.64	+0.036%	$209K	$1.2M	10x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.55	+0.011%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0095%	8h	357.57	+0.017%	$686K	$234K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.17	−0.094%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.37	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.40	−0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.35	−0.043%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0208%	1h	357.44	−0.020%	$2.0M	$1.3M	20x	as long as short