Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.011%

Price spread now: Gate against Coinbase International+0.008%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.008%, 7d avg +0.114%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.106% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.114%). If the spread goes back, that is −$11 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.003% in total) that is about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOOGL-PERP-INTX	356.60	−0.0024	get 0.0003% / 1h	32m 00s	$511K	$1.1M	10x
Short	Gate GOOGL_USDT	356.63	0	get 0.0000% / 8h	1h 32m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: $5.04
Price spread: +0.008% → +0.114%: −$10.6
Slippage, 4 orders: −$16.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.16
Costs to cover: 0.416%
Break-even: 72.5 days

Slippage from Coinbase International: live order book, 1 min ago; Gate: 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	1.68 bp	7.4 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.82 bp	14.6 bp −$15	35.2 bp −$352	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-INTXlong	−0.0024%	1h	356.60	long leg	$511K	$1.1M	10x
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.71	+0.031%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	356.63	+0.008%	$3.6M	$7.5M	100x
Bitget GOOGLUSDT	0.0000%	8h	356.83	+0.064%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.61	+0.004%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.77	+0.048%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.76	+0.045%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.48	−0.034%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.89	+0.081%	$114K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.034%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0022%	1h	356.60	−0.001%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0029%	8h	356.90	+0.083%	$365K	$424K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.72	+0.034%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.146%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.71	+0.031%	$1.2M	$4.2M	10x	as long as short
Nado GOOGL-PERP	+0.0040%	1h	356.59	−0.004%	$548K	$92K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.45	−0.042%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.83	+0.064%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.73	+0.037%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.61	+0.003%	$98.0M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.58	−0.006%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.57	−0.008%	$151	$46K	10x	as long as short
Binance GOOGLUSDT	+0.0050%	8h	356.82	+0.062%	$72.0M	$143.9M	50x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.32	−0.079%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.72	+0.033%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.58	−0.006%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.50	−0.028%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.58	−0.006%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.003%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.49	−0.031%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.59	−0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.60	0.000%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0136%	1h	356.75	+0.042%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0164%	8h	356.79	+0.053%	$11.6M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0171%	8h	356.76	+0.045%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0221%	4h	356.65	+0.015%	$208K	$1.2M	10x	as long as short