Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: GRVT against Coinbase International+0.152%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.152%, 7d avg +0.142%

Together, before fees−0.168%+ Points / potential airdropGRVT: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.142%, so right now this pair is about funding alone: −$1 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	355.85	0.0032	pay 0.0004% / 1h	32m 38s	$528K	$1.1M	10x
Short	GRVT GOOGL_USDT_Perp	356.39	0	get 0.0000% / 8h	7h 32m	$23K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.152%Rate

Funding earned: −$6.72
Price spread: +0.152% → +0.142%: $0.98
Slippage, 4 orders: −$7.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$32.3
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; GRVT: live order book, 40 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	7.8 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell GRVT live order book, 40 min ago	0.98 bp	5.6 bp −$6	8.6 bp −$86	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
Gate GOOGL_USDT	0.0000%	8h	356.40	+0.155%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perpshort	0.0000%	8h	356.39	+0.152%	$23K	$467K	10x
SunX GOOGL-USDT	0.0000%	8h	356.37	+0.146%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.19	+0.096%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.41	+0.157%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.43	+0.163%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.12	+0.075%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.54	+0.194%	$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
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.357%	$128K	$45K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter GOOGL	+0.0040%	1h	356.46	+0.171%	$2.1M	$1.1M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.17	+0.090%	$33K	—	20x	as long as short
Nado GOOGL-PERP	+0.0044%	1h	356.21	+0.102%	$559K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.39	+0.152%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.34	+0.138%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.15	+0.084%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.17	+0.090%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.10	+0.070%	$2.2M	$5.0M	15x	as long as short
Variational Omni GOOGL	+0.0057%	8h	356.37	+0.146%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.26	+0.115%	$1.3M	$4.8M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0081%	8h	356.49	+0.179%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0090%	8h	356.46	+0.171%	$17.0M	$9.3M	100x	as long as short
Aster GOOGLUSDT	+0.0099%	8h	356.58	+0.204%	$364K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	+0.126%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.00	+0.042%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.18	+0.093%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.22	+0.104%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.24	+0.109%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0110%	8h	356.61	+0.214%	$11.5M	$7.7M	100x	as long as short
Binance GOOGLUSDT	+0.0120%	8h	356.51	+0.184%	$72.9M	$142.3M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.44	+0.166%	$421K	$2.0M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.21	+0.101%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.41	+0.157%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.40	+0.155%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.15	+0.084%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0581%	4h	356.41	+0.158%	$209K	$1.2M	10x	as long as short