Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.015%

Price spread now: KuCoin against Coinbase International+0.008%51s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as 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−$1301.295% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.008%, 7d avg +0.058%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.050% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.058%). If the spread goes back, that is −$5 on $10k: about 43 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.036% in total) that is about 9.8 days. The two prices were read 51 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	356.28	0.0008	pay 0.0001% / 1h	41m 26s	$530K	$1.1M	10x
Short	KuCoin GOOGLUSDTM	356.31	0.0100	get 0.0100% / 8h	41m 26s	$3.0M	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.008%Rate

Funding earned: $19.32
Price spread: +0.008% → +0.058%: −$4.99
Slippage, 4 orders: −$107.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$115.18
Costs to cover: 1.295%
Break-even: 48.7 days

Slippage from Coinbase International: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago	1.96 bp	7.4 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	4.77 bp	70.2 bp −$70	doesn't fit	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	356.45	+0.048%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.73	+0.126%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.157%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	+0.146%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTXlong	+0.0008%	1h	356.28	long leg	$530K	$1.1M	10x
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.43	+0.043%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.67	+0.109%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.236%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.60	+0.090%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.72	+0.123%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	+0.017%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.59	+0.087%	$190	$46K	10x	as long as short
Variational Omni GOOGL	+0.0050%	8h	356.70	+0.118%	$4.7M	$2.6M	—	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.36	+0.022%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.58	+0.084%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0075%	1h	356.35	+0.020%	$98.9M	$25.2M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.54	+0.073%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0093%	8h	356.55	+0.076%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.27	−0.002%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	356.31	+0.008%	$3.0M	$66K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.50	+0.062%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.44	+0.045%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.51	+0.063%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0104%	1h	356.32	+0.012%	$559K	$82K	20x	as long as short
Aster GOOGLUSDT	+0.0107%	8h	356.79	+0.144%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0114%	8h	356.50	+0.062%	$16.9M	$9.3M	100x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0115%	1h	356.53	+0.070%	$23K	$151K	10x	as long as short
Binance GOOGLUSDT	+0.0128%	8h	356.59	+0.087%	$73.0M	$142.7M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.58	+0.083%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0142%	8h	356.62	+0.095%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.59	+0.087%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0224%	1h	356.46	+0.051%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0247%	8h	356.78	+0.140%	$690K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.39	+0.031%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0304%	1h	356.68	+0.112%	$2.1M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0480%	4h	356.73	+0.127%	$208K	$1.2M	10x	as long as short