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: SunX against Coinbase International+0.179%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1141.142% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.179%, 7d avg +0.136%

Together, before fees−0.124%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 0.044% 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 +0.136%.

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	1m 08s	$511K	$1.1M	10x
Short	SunX GOOGL-USDT	357.24	0	get 0.0000% / 8h	1h 01m	$950	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.179%Rate

Funding earned: $5.04
Price spread: +0.179% → +0.136%: $4.4
Slippage, 4 orders: −$96.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$104.72
Costs to cover: 1.142%
Break-even: 152.4 days

Slippage from Coinbase International: live order book, 2 min ago; SunX: live order book, 7 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	2.10 bp	8.1 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	44.66 bp	49.2 bp −$49	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
Coinbase International GOOGL-PERP-INTXlong	−0.0024%	1h	356.60	long leg	$511K	$1.1M	10x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.21	+0.171%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.09	+0.137%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.30	+0.196%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.04	+0.124%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.10	+0.140%	$23K	$444K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.24	+0.179%	$950	$4.0M	20x
HTX GOOGL-USDT	0.0000%	8h	357.37	+0.216%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.23	+0.177%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0011%	8h	357.29	+0.193%	$365K	$424K	20x	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	+0.0012%	1h	357.07	+0.132%	$549K	$92K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.95	+0.099%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.16	+0.157%	$1.3M	$2.1M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.13	+0.149%	$424K	$1.5M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	356.96	+0.101%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0033%	8h	357.24	+0.179%	$72.0M	$143.7M	50x	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	357.12	+0.146%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.86	+0.073%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.31	+0.199%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.06	+0.129%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.93	+0.093%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.04	+0.123%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.81	+0.059%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.18	+0.162%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0077%	8h	356.69	+0.025%	$3.0M	$100K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.13	+0.149%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.98	+0.107%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.88	+0.079%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.05	+0.126%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.20	+0.168%	$2.0M	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.06	+0.130%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0121%	8h	357.15	+0.154%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0132%	8h	357.21	+0.171%	$688K	$236K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0142%	1h	357.15	+0.154%	$24K	$156K	10x	as long as short
edgeX GOOGLUSDC	+0.0636%	4h	357.07	+0.131%	$208K	$1.2M	10x	as long as short