Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.039%

Price spread now: Binance against Coinbase International+0.134%7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.134%, 7d avg +0.134%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.134%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOOGL-PERP-INTX	357.46	−0.0064	get 0.0008% / 1h	12m 40s	$524K	$1.1M	10x
Short	Binance GOOGLUSDT	357.94	0.0038	get 0.0038% / 8h	5h 12m	$72.9M	$141.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.134%Rate

Funding earned: $21.34
Price spread: +0.134% → +0.134%: $0.03
Slippage, 4 orders: −$8.65
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$7.29
Costs to cover: 0.287%
Break-even: 9.4 days

Slippage from Coinbase International: live order book, 1 min ago; Binance: live order book, 15 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 Coinbase International live order book, 1 min ago	2.66 bp	8.8 bp −$9	10.9 bp −$109	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.14 bp	5.5 bp −$6	7.5 bp −$75	20.7 bp −$2,073	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	−0.0120%	1h	357.63	+0.048%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTXlong	−0.0064%	1h	357.46	long leg	$524K	$1.1M	10x
Nado GOOGL-PERP	−0.0036%	1h	357.61	+0.041%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.76	+0.084%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.75	+0.080%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.75	+0.081%	$23K	$433K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.93	+0.131%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.98	+0.145%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.115%	$2.7M	$80K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.47	+0.003%	$144K	$49K	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	+0.0017%	8h	357.67	+0.060%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.78	+0.090%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.85	+0.109%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.095%	$128K	$45K	30x	as long as short
Binance GOOGLUSDTshort	+0.0038%	8h	357.94	+0.134%	$72.9M	$141.2M	50x
Extended GOOGL-USD	+0.0040%	1h	357.85	+0.108%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.55	+0.025%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	+0.106%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.66	+0.056%	$99.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.60	+0.039%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.65	+0.053%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.54	+0.022%	$2.2M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.78	+0.089%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0057%	8h	358.03	+0.159%	$11.8M	$7.5M	100x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.67	+0.059%	$23K	$154K	10x	as long as short
Bitget GOOGLUSDT	+0.0062%	8h	357.93	+0.131%	$17.5M	$9.6M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.79	+0.092%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	+0.011%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	+0.025%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.71	+0.070%	$10K	$10K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0103%	8h	357.89	+0.120%	$13.8M	$12.4M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.67	+0.060%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.57	+0.031%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.88	+0.117%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0145%	8h	357.69	+0.064%	$699K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0839%	4h	357.71	+0.070%	$209K	$1.2M	10x	as long as short