Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0713%/8h= −78.0% APRpaid last 24h −0.164%

Price spread now: Bitget against edgeX+0.003%54s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.023%+$2 · spread now +0.003%, 7d avg +0.040%

Together, before fees−0.006%+ Points / potential airdropedgeX: Active · farm board−$1 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 Bitget is 0.036% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% 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	357.58	0.0713	pay 0.0356% / 4h	3h 52m	$208K	$1.2M	10x
Short	Bitget GOOGLUSDT	357.59	0	get 0.0000% / 8h	3h 52m	$17.4M	$9.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$149.65
Price spread: +0.003% → +0.040%: −$3.62
Slippage, 4 orders: −$9.57
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$183.85
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; Bitget: 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, 6 min ago	3.21 bp	8.0 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.56 bp	8.1 bp −$8	11.3 bp −$113	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	357.43	−0.041%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	357.59	+0.003%	$17.4M	$9.6M	100x
SunX GOOGL-USDT	0.0000%	8h	357.57	−0.002%	$497	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.67	+0.026%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.64	+0.017%	$2.7M	$86K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.36	−0.061%	$524K	$1.1M	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0025%	8h	357.65	+0.020%	$23K	$432K	10x	as long as short
Variational Omni GOOGL	+0.0025%	8h	357.62	+0.012%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0029%	1h	357.69	+0.031%	$144K	$48K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.55	−0.008%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.128%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.30	−0.078%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.30	−0.078%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.46	−0.033%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.32	−0.072%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.32	−0.072%	$141	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.27	−0.086%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.48	−0.027%	$1.3M	$4.2M	10x	as long as short
Nado GOOGL-PERP	+0.0077%	1h	357.25	−0.092%	$557K	$80K	20x	as long as short
Aster GOOGLUSDT	+0.0087%	8h	357.72	+0.039%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.53	−0.013%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.18	−0.111%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.38	−0.055%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.25	−0.092%	$10K	$10K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.48	−0.027%	$423K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.44	−0.039%	$25K	—	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0105%	1h	357.32	−0.072%	$99.1M	$20.5M	20x	as long as short
Binance GOOGLUSDT	+0.0107%	8h	357.58	+0.001%	$72.7M	$141.2M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0116%	8h	357.55	−0.008%	$13.8M	$12.4M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0118%	8h	357.49	−0.025%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.38	−0.055%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0226%	8h	357.68	+0.028%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0244%	8h	357.66	+0.023%	$12.0M	$7.5M	100x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0254%	1h	357.33	−0.069%	$24K	$155K	10x	as long as short
Lighter GOOGL	+0.0336%	1h	357.54	−0.011%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDClong	+0.0713%	4h	357.58	long leg	$208K	$1.2M	10x