Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: Bitget against Deribit+0.056%7-day average +0.049% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.056%, 7d avg +0.049%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.29	0	get 0.0000% / 1h	39m 54s	$24K	$157K	10x
Short	Bitget GOOGLUSDT	357.49	0	get 0.0000% / 8h	39m 54s	$17.3M	$9.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.049%: $0.73
Slippage, 4 orders: −$11.07
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.35
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Deribit: live order book, 64 min ago; Bitget: live order book, 4 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, 64 min ago	0.14 bp	10.9 bp −$11	12.7 bp −$127	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.56 bp	8.4 bp −$8	12.9 bp −$129	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-INTX	−0.0048%	1h	356.60	−0.193%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.42	+0.036%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.34	+0.014%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	357.49	+0.056%	$17.3M	$9.8M	100x
Variational Omni GOOGL	0.0000%	8h	357.43	+0.038%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.19	−0.027%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.49	+0.056%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	357.29	long leg	$24K	$157K	10x
HTX GOOGL-USDT	0.0000%	8h	357.54	+0.070%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.48	+0.053%	$2.7M	$88K	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	+0.0010%	1h	357.25	−0.012%	$549K	$91K	20x	as long as short
Aster GOOGLUSDT	+0.0012%	8h	357.29	−0.001%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.23	−0.016%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.35	+0.017%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.33	+0.012%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.048%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0034%	8h	357.43	+0.039%	$72.1M	$143.4M	50x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.36	+0.020%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.13	−0.045%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.50	+0.059%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.27	−0.006%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.21	−0.022%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.18	−0.031%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.22	−0.020%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.09	−0.056%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.37	+0.021%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0063%	8h	356.96	−0.092%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.16	−0.036%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.97	−0.090%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.30	+0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.34	+0.013%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0107%	8h	357.48	+0.053%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.13	−0.045%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0133%	8h	357.42	+0.036%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.43	+0.039%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0971%	4h	357.30	+0.002%	$208K	$1.2M	10x	as long as short