Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0707%/8h= −77.5% APRpaid last 24h −0.138%

Price spread now: Binance against edgeX+0.012%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.012%, 7d avg +0.039%

Together, before fees+0.005%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Binance is 0.027% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	357.81	0.0810	pay 0.0405% / 4h	3h 27m	$209K	$1.2M	10x
Short	Binance GOOGLUSDT	357.85	0.0103	get 0.0103% / 8h	3h 27m	$72.3M	$142.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: −$148.54
Price spread: +0.012% → +0.039%: −$2.71
Slippage, 4 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$179.25
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Binance: live order book, 1 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 edgeX live order book, 2 min ago	3.35 bp	8.0 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.14 bp	6.2 bp −$6	8.4 bp −$84	21.7 bp −$2,166	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
Deribit GOOGL_USDC-PERPETUAL	−0.0058%	1h	357.48	−0.091%	$24K	$155K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	357.69	−0.033%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.77	−0.010%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.72	−0.024%	$17.5M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.85	+0.012%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.95	+0.040%	$115K	$218K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.96	+0.043%	$2.7M	$85K	10x	as long as short
Nado GOOGL-PERP	+0.0004%	1h	357.68	−0.035%	$558K	$83K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.038%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.65	−0.042%	$144K	$48K	10x	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	+0.0026%	8h	357.87	+0.017%	$23K	$442K	10x	as long as short
Variational Omni GOOGL	+0.0026%	8h	357.87	+0.018%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.88	+0.021%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.192%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.55	−0.072%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.88	+0.021%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.71	−0.027%	$99.2M	$20.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.60	−0.058%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.71	−0.027%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.55	−0.072%	$2.2M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.81	0.000%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.78	−0.007%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0084%	8h	357.72	−0.025%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0087%	8h	357.80	−0.002%	$13.8M	$12.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.82	+0.003%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.37	−0.122%	$3.0M	$96K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.65	−0.044%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.76	−0.013%	$10K	$11K	20x	as long as short
Binance GOOGLUSDTshort	+0.0103%	8h	357.85	+0.012%	$72.3M	$142.0M	50x
Extended GOOGL-USD	+0.0104%	1h	357.76	−0.014%	$419K	$1.6M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.72	−0.025%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.79	−0.005%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	357.85	+0.012%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	357.84	+0.009%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0234%	8h	357.96	+0.043%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDClong	+0.0810%	4h	357.81	long leg	$209K	$1.2M	10x