Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.014%

Price spread now: Binance against Deribit+0.093%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.066%−$7 on $10k

Price spread, last 2 days (all we have)−0.082%−$8 · spread now +0.093%, 7d avg +0.046%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.048% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 5 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	356.27	0.0003	pay 0.0000% / 1h	17m 45s	$22K	$151K	10x
Short	Binance GOOGLUSDT	356.60	0.0105	get 0.0105% / 8h	1h 17m	$73.0M	$142.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: $21.52
Price spread: +0.093% → +0.046%: $4.77
Slippage, 4 orders: −$8.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $0.79
Costs to cover: 0.255%
Break-even: 6.7 days

Slippage from Deribit: live order book, 1 min ago; Binance: live order book, 10 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 Deribit live order book, 1 min ago	0.14 bp	3.6 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.14 bp	5.4 bp −$5	7.6 bp −$76	22.3 bp −$2,228	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-INTX	−0.0024%	1h	356.19	−0.022%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.43	+0.045%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.47	+0.056%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.62	+0.098%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.51	+0.067%	$2.7M	$64K	10x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	+0.0003%	1h	356.27	long leg	$22K	$151K	10x
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.26	−0.004%	$144K	$54K	10x	as long as short
Variational Omni GOOGL	+0.0021%	8h	356.43	+0.045%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	+0.0031%	8h	356.45	+0.051%	$23K	$481K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.67	+0.112%	$1.4M	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.239%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.38	+0.031%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.48	+0.059%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.39	+0.034%	$98.0M	$24.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.25	−0.006%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.26	−0.003%	$181	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.09	−0.051%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0057%	8h	356.65	+0.107%	$11.5M	$7.7M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.26	−0.003%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0081%	8h	356.62	+0.100%	$362K	$455K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0085%	8h	356.54	+0.075%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0088%	8h	356.62	+0.098%	$16.9M	$9.2M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0098%	8h	356.63	+0.101%	$13.8M	$12.8M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.47	+0.056%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.09	−0.051%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	−0.020%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.40	+0.036%	$10K	$10K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.48	+0.060%	$421K	$1.6M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.36	+0.024%	$25K	—	10x	as long as short
Binance GOOGLUSDTshort	+0.0105%	8h	356.60	+0.093%	$73.0M	$142.1M	50x
Nado GOOGL-PERP	+0.0132%	1h	356.21	−0.017%	$557K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.34	+0.020%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.26	−0.003%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0224%	8h	356.52	+0.070%	$690K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0224%	4h	356.43	+0.045%	$208K	$1.2M	10x	as long as short
Lighter GOOGL	+0.0272%	1h	356.66	+0.109%	$2.0M	$1.0M	20x	as long as short