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 +0.054%

Price spread now: OKX against Coinbase International+0.101%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.101%, 7d avg +0.139%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.038% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.101% now, against its 7-day average of +0.139%). If the spread goes back, that is −$4 on $10k: about 5.3 days of funding at the current rate (+$1 a day).

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	45m 51s	$511K	$1.1M	10x
Short	OKX GOOGL-USDT-SWAP	356.96	0	get 0.0000% / 8h	1h 45m	$13.6M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $5.04
Price spread: +0.101% → +0.139%: −$3.81
Slippage, 4 orders: −$5.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.63
Costs to cover: 0.259%
Break-even: 41.2 days

Slippage from Coinbase International: live order book, 3 min ago; OKX: live order book, 2 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, 3 min ago	1.96 bp	7.4 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.14 bp	5.5 bp −$5	11.3 bp −$113	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	−0.0030%	1h	356.66	+0.017%	$24K	$156K	10x	as long as short
Coinbase International GOOGL-PERP-INTXlong	−0.0024%	1h	356.60	long leg	$511K	$1.1M	10x
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	356.96	+0.101%	$13.6M	$12.9M	50x
Gate GOOGL_USDT	0.0000%	8h	356.86	+0.073%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.05	+0.126%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.10	+0.139%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.16	+0.156%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.00	+0.112%	$2K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.08	+0.135%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.09	+0.137%	$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
Nado GOOGL-PERP	+0.0014%	1h	356.84	+0.066%	$549K	$90K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	356.72	+0.033%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.92	+0.090%	$1.4M	$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
Aster GOOGLUSDT	+0.0037%	8h	357.06	+0.130%	$365K	$424K	20x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.93	+0.093%	$1.3M	$4.2M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.81	+0.059%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.76	+0.045%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.09	+0.137%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.68	+0.022%	$98.0M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.76	+0.045%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.77	+0.048%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.59	−0.003%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	356.97	+0.103%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.86	+0.073%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0058%	8h	356.93	+0.093%	$72.0M	$143.7M	50x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.91	+0.087%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.84	+0.067%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.60	0.000%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.89	+0.081%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.86	+0.073%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.86	+0.072%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0136%	1h	356.90	+0.084%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0175%	8h	356.95	+0.098%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0179%	8h	356.96	+0.101%	$690K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0852%	4h	357.03	+0.120%	$208K	$1.2M	10x	as long as short