Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.004%

Price spread now: KuCoin against Deribit+0.017%7-day average −0.028% · 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−$118as in the Price arb table

costs, in and out, $10k−$1231.227% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.113%−$11 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.017%, 7d avg −0.028%

Together, before fees−0.193%−$19 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 KuCoin is 0.045% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.028%. Mind the row above: over the last 5 days funding on this pair cost −0.113%, 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	356.25	0	get 0.0000% / 1h	40m 35s	$23K	$151K	10x
Short	KuCoin GOOGLUSDTM	356.31	0.0100	get 0.0100% / 8h	40m 35s	$3.0M	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.017%Rate

Funding earned: $21
Price spread: +0.017% → −0.028%: $4.51
Slippage, 4 orders: −$103.67
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.16
Costs to cover: 1.227%
Break-even: 39.4 days

Slippage from Deribit: live order book, 38 min ago; KuCoin: live order book, 2 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, 38 min ago	0.14 bp	3.6 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	5.05 bp	62.0 bp −$62	doesn't fit	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
Gate GOOGL_USDT	0.0000%	8h	356.58	+0.093%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.64	+0.109%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	356.25	long leg	$23K	$151K	10x
HTX GOOGL-USDT	0.0000%	8h	356.74	+0.138%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.132%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	+0.042%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.43	+0.052%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.73	+0.135%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.244%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.60	+0.098%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.72	+0.131%	$23K	$474K	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	+0.025%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.34	+0.025%	$191	$46K	10x	as long as short
Variational Omni GOOGL	+0.0050%	8h	356.70	+0.126%	$4.7M	$2.6M	—	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.36	+0.031%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.58	+0.093%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0071%	1h	356.47	+0.062%	$98.9M	$25.3M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.55	+0.083%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0095%	8h	356.66	+0.115%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.34	+0.025%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	356.31	+0.017%	$3.0M	$66K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.50	+0.070%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.44	+0.053%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.51	+0.072%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0104%	1h	356.32	+0.021%	$559K	$82K	20x	as long as short
Aster GOOGLUSDT	+0.0107%	8h	356.80	+0.155%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0114%	8h	356.74	+0.138%	$16.9M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0127%	8h	356.63	+0.107%	$73.0M	$142.8M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.57	+0.091%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0142%	8h	356.76	+0.143%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.59	+0.095%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0224%	1h	356.46	+0.059%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0248%	8h	356.59	+0.095%	$689K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.45	+0.056%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0296%	1h	356.75	+0.140%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0480%	4h	356.73	+0.135%	$208K	$1.2M	10x	as long as short