Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0043%/8h= +4.8% APRpaid last 24h −0.015%

Price spread now: tradeXYZ against Bybit−0.056%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.056%, 7d avg −0.099%

Together, before fees−0.026%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.043% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	358.89	0.0007	pay 0.0007% / 8h	6h 15m	$11.5M	$7.5M	100x
Short	tradeXYZ xyz:GOOGL	358.69	0.0050	get 0.0006% / 1h	15m 05s	$98.3M	$21.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.056%Rate

Funding earned: $9.12
Price spread: −0.056% → −0.099%: $4.28
Slippage, 4 orders: −$5.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.52
Costs to cover: 0.349%
Break-even: 23.5 days

Slippage from Bybit: live order book, 1 min ago; tradeXYZ: live order book, 8 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, 1 min ago	0.28 bp	7.5 bp −$7	10.4 bp −$104	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.14 bp	9.6 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	−0.0056%	1h	358.00	−0.248%	$516K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.96	+0.020%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.76	−0.036%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.97	+0.022%	$17.5M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.86	−0.009%	$5.0M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.94	+0.014%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.01	+0.033%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.00	+0.031%	$2.7M	$106K	10x	as long as short
Bybit GOOGLUSDTlong	+0.0007%	8h	358.89	long leg	$11.5M	$7.5M	100x
Hotstuff GOOGL-PERP	+0.0008%	1h	358.65	−0.067%	$33K	—	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit GOOGL_USDC-PERPETUAL	+0.0029%	1h	358.72	−0.047%	$25K	$148K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	358.69	−0.055%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.87	−0.006%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.493%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.93	+0.011%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.80	−0.025%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	358.69	−0.056%	$98.3M	$21.6M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	358.75	−0.039%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.67	−0.061%	$110	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.47	−0.117%	$2.3M	$3.9M	15x	as long as short
Aster GOOGLUSDT	+0.0052%	8h	358.55	−0.094%	$368K	$420K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	358.80	−0.025%	$294	$253	5x	as long as short
Binance GOOGLUSDT	+0.0072%	8h	358.94	+0.013%	$73.3M	$141.4M	50x	as long as short
Extended GOOGL-USD	+0.0072%	1h	358.82	−0.018%	$426K	$2.4M	20x	as long as short
Nado GOOGL-PERP	+0.0078%	1h	358.64	−0.069%	$552K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.67	−0.061%	$211K	$279K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.84	−0.013%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.54	−0.098%	$3.0M	$223K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.53	−0.100%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.82	−0.020%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.77	−0.034%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.69	−0.056%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0159%	8h	358.90	+0.003%	$23K	$447K	10x	as long as short
BloFin GOOGL-USDT	+0.0192%	8h	358.90	+0.003%	$687K	$240K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	358.87	−0.006%	$2.0M	$2.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0626%	4h	358.85	−0.012%	$209K	$1.2M	10x	as long as short