Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.185%

Price spread now: edgeX against Coinbase International+0.155%77s7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.315% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.155%, 7d avg +0.119%

Together, before fees−0.142%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.036% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.119%. The two prices were read 77 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	Coinbase International GOOGL-PERP-INTX	355.85	0.0032	pay 0.0004% / 1h	27m 41s	$528K	$1.1M	10x
Short	edgeX GOOGLUSDC	356.40	0.0160	get 0.0080% / 4h	3h 27m	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.155%Rate

Funding earned: $26.9
Price spread: +0.155% → +0.119%: $3.62
Slippage, 4 orders: −$12.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$0.96
Costs to cover: 0.315%
Break-even: 7.3 days

Slippage from Coinbase International: live order book, 1 min ago; edgeX: live order book, 1 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	1.83 bp	8.3 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	3.37 bp	8.2 bp −$8	11.5 bp −$115	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
Deribit GOOGL_USDC-PERPETUAL	−0.0003%	1h	356.25	+0.112%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.36	+0.143%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.47	+0.174%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.41	+0.157%	$23K	$462K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.53	+0.191%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.64	+0.222%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.54	+0.194%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.17	+0.089%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.57	+0.202%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTXlong	+0.0032%	1h	355.85	long leg	$528K	$1.1M	10x

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	+0.357%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.51	+0.185%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERP	+0.0042%	1h	356.38	+0.148%	$558K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.57	+0.202%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.36	+0.143%	$98.3M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	+0.138%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.34	+0.138%	$175	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	+0.084%	$2.2M	$4.8M	15x	as long as short
Variational Omni GOOGL	+0.0053%	8h	356.39	+0.152%	$4.8M	$2.3M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.48	+0.177%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0078%	8h	356.52	+0.187%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0082%	8h	356.57	+0.202%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0094%	8h	356.67	+0.229%	$365K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	+0.127%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.09	+0.067%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	+0.098%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.38	+0.149%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.43	+0.164%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0104%	8h	356.61	+0.214%	$11.5M	$7.7M	100x	as long as short
Binance GOOGLUSDT	+0.0116%	8h	356.54	+0.193%	$72.9M	$142.2M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.47	+0.174%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	+0.118%	$137K	$48K	20x	as long as short
edgeX GOOGLUSDCshort	+0.0160%	4h	356.40	+0.155%	$209K	$1.2M	10x
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.66	+0.228%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0237%	8h	356.57	+0.202%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.28	+0.121%	$202K	$271K	10x	as long as short