Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.041%

Price spread now: Bybit against Deribit+0.073%7-day average +0.061% · 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−$30as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.049%−$5 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.073%, 7d avg +0.061%

Together, before fees−0.115%−$12 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	355.94	0	get 0.0000% / 1h	11m 57s	$22K	$151K	10x
Short	Bybit GOOGLUSDT	356.20	0	get 0.0000% / 8h	2h 11m	$11.5M	$7.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.061%: $1.2
Slippage, 4 orders: −$13.68
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.49
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Deribit: live order book, 11 min ago; Bybit: 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 Deribit live order book, 11 min ago	0.14 bp	10.3 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.56 bp	9.3 bp −$9	13.9 bp −$139	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	−0.0032%	1h	355.79	−0.042%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	355.88	−0.017%	$361K	$455K	20x	as long as short
Bybit GOOGLUSDTshort	0.0000%	8h	356.20	+0.073%	$11.5M	$7.7M	100x
Gate GOOGL_USDT	0.0000%	8h	356.02	+0.022%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	+0.084%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.21	+0.075%	$23K	$509K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.08	+0.039%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	355.94	long leg	$22K	$151K	10x
HTX GOOGL-USDT	0.0000%	8h	356.20	+0.073%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.20	+0.073%	$2.7M	$64K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDT	+0.0015%	8h	356.12	+0.051%	$72.8M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0016%	1h	356.06	+0.033%	$422K	$1.6M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.99	+0.013%	$144K	$55K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0032%	8h	356.15	+0.059%	$13.8M	$12.9M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.22	+0.079%	$1.4M	$2.6M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	355.94	0.000%	$33K	—	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.332%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.08	+0.039%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.13	+0.053%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.95	+0.003%	$97.9M	$25.4M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	356.10	+0.045%	$17.0M	$9.2M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	355.99	+0.014%	$682K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.94	0.000%	$187	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.76	−0.051%	$2.3M	$4.9M	15x	as long as short
BloFin GOOGL-USDT	+0.0058%	8h	356.13	+0.053%	$689K	$235K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	356.08	+0.040%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	355.95	+0.003%	$202K	$303K	10x	as long as short
Nado GOOGL-PERP	+0.0085%	1h	355.86	−0.023%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.84	−0.028%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.76	−0.051%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.86	−0.022%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.05	+0.031%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	355.99	+0.015%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.02	+0.022%	$137K	$48K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	356.19	+0.070%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0416%	4h	356.18	+0.067%	$208K	$1.2M	10x	as long as short