Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h +0.001%

Price spread now: Gate against Deribit+0.028%7-day average +0.033% · 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−$39as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.100%−$10 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.028%, 7d avg +0.033%

Together, before fees−0.216%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.65	0.0086	pay 0.0011% / 1h	45m 30s	$24K	$157K	10x
Short	Gate GOOGL_USDT	357.75	0	get 0.0000% / 8h	7h 45m	$3.6M	$7.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$17.98
Price spread: +0.028% → +0.033%: −$0.46
Slippage, 4 orders: −$16.76
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.21
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Deribit: live order book, 53 min ago; Gate: live order book, 3 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, 53 min ago	0.14 bp	8.9 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.68 bp	14.9 bp −$15	27.3 bp −$273	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	−0.0080%	1h	357.25	−0.112%	$512K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	357.64	−0.003%	$33K	—	20x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.91	+0.073%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.78	+0.036%	$13.5M	$12.8M	50x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	357.75	+0.028%	$3.6M	$7.0M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.88	+0.064%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.80	+0.041%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.43	−0.062%	$23K	$442K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.82	+0.048%	$2K	$3.9M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.97	+0.089%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.89	+0.067%	$2.7M	$88K	10x	as long as short
edgeX GOOGLUSDC	+0.0003%	4h	357.37	−0.078%	$208K	$1.2M	10x	as long as short
Extended GOOGL-USD	+0.0016%	1h	357.78	+0.036%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0022%	8h	357.88	+0.063%	$72.2M	$141.4M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0029%	1h	357.54	−0.030%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.76	+0.031%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.148%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.80	+0.042%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.59	−0.017%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.86	+0.059%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.52	−0.036%	$686K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.64	−0.003%	$123	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.56	−0.025%	$2.3M	$4.4M	15x	as long as short
KuCoin GOOGLUSDTM	+0.0052%	8h	357.41	−0.067%	$3.0M	$132K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.75	+0.027%	$293	$253	5x	as long as short
BloFin GOOGL-USDT	+0.0075%	8h	357.62	−0.008%	$688K	$234K	20x	as long as short
Nado GOOGL-PERP	+0.0078%	1h	357.57	−0.023%	$550K	$88K	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	+0.0086%	1h	357.65	long leg	$24K	$157K	10x
tradeXYZ xyz:GOOGL	+0.0087%	1h	357.58	−0.020%	$98.4M	$21.3M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.65	0.000%	$138K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.47	−0.050%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	−0.053%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.64	−0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.61	−0.013%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0222%	8h	357.84	+0.053%	$11.5M	$7.7M	100x	as long as short
Lighter GOOGL	+0.0256%	1h	357.79	+0.039%	$2.0M	$1.3M	20x	as long as short