Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.023%

Price spread now: GRVT against Deribit+0.011%45s7-day average +0.040% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.310% of the position

Long on Deribit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.137%−$14 on $10k

Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.011%, 7d avg +0.040%

Together, before fees−0.288%+ Points / potential airdropGRVT: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.029% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	356.15	0.0199	pay 0.0025% / 1h	3m 34s	$22K	$151K	10x
Short	GRVT GOOGL_USDT_Perp	356.19	0	get 0.0000% / 8h	2h 03m	$23K	$507K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$41.88
Price spread: +0.011% → +0.040%: −$2.9
Slippage, 4 orders: −$14.98
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$75.77
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Deribit: live order book, 20 min ago; GRVT: live order book, 19 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, 20 min ago	0.14 bp	10.3 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell GRVT live order book, 19 min ago	1.12 bp	7.2 bp −$7	11.7 bp −$117	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
Hotstuff GOOGL-PERP	−0.0056%	1h	356.02	−0.037%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.101%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.10	−0.015%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.28	+0.037%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.12	−0.008%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	+0.025%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perpshort	0.0000%	8h	356.19	+0.011%	$23K	$507K	10x
SunX GOOGL-USDT	0.0000%	8h	356.24	+0.025%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.39	+0.067%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.27	+0.034%	$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
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.99	−0.046%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0024%	8h	356.28	+0.037%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	356.24	+0.025%	$422K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.031%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.272%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.17	+0.006%	$1.3M	$4.7M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0043%	8h	356.32	+0.048%	$13.8M	$12.9M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.18	+0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.02	−0.037%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.06	−0.025%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.01	−0.039%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.90	−0.070%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0053%	8h	356.13	−0.006%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	356.22	+0.020%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.02	−0.037%	$202K	$270K	10x	as long as short
BloFin GOOGL-USDT	+0.0080%	8h	356.15	0.000%	$688K	$235K	20x	as long as short
Nado GOOGL-PERP	+0.0091%	1h	355.91	−0.066%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.073%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.101%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.076%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.13	−0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.08	−0.021%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.056%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	+0.0199%	1h	356.15	long leg	$22K	$151K	10x
Lighter GOOGL	+0.0200%	1h	356.26	+0.031%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0630%	4h	356.23	+0.022%	$208K	$1.2M	10x	as long as short