Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0401%/8h= −43.9% APRpaid last 24h −0.111%

Price spread now: BloFin against edgeX+0.039%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on edgeX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.311%+$31 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.039%, 7d avg +0.018%

Together, before fees+0.342%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.021% dearer against edgeX than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of +0.018%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.311%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	356.49	0.0636	pay 0.0318% / 4h	3h 27m	$209K	$1.2M	10x
Short	BloFin GOOGL-USDT	356.63	0.0236	get 0.0236% / 8h	7h 27m	$690K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$84.16
Price spread: +0.039% → +0.018%: $2.09
Slippage, 4 orders: −$8.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$111.27
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; BloFin: live order book, 44 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	3.37 bp	8.2 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell BloFin live order book, 44 min ago	0.14 bp	6.7 bp −$7	8.4 bp −$84	14.6 bp −$1,461	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	−0.0031%	1h	356.23	−0.073%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.36	−0.037%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.45	−0.011%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.41	−0.022%	$23K	$462K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.53	+0.011%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.63	+0.039%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.66	+0.048%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.20	−0.081%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.53	+0.011%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.180%	$528K	$1.1M	10x	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	+0.177%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.51	+0.006%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERP	+0.0041%	1h	356.38	−0.032%	$558K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.54	+0.014%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.31	−0.051%	$98.3M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.31	−0.051%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.35	−0.039%	$171	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.095%	$2.2M	$4.8M	15x	as long as short
Variational Omni GOOGL	+0.0053%	8h	356.39	−0.028%	$4.8M	$2.3M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.48	−0.003%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0078%	8h	356.52	+0.007%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0082%	8h	356.57	+0.022%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0094%	8h	356.66	+0.048%	$365K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.053%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.10	−0.109%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.35	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.36	−0.037%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.39	−0.028%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0104%	8h	356.60	+0.031%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.45	−0.012%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0116%	8h	356.52	+0.010%	$72.9M	$142.2M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	−0.062%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.66	+0.048%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDTshort	+0.0236%	8h	356.63	+0.039%	$690K	$234K	20x
Arcus GOOGL-USD	+0.0306%	1h	356.28	−0.059%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDClong	+0.0636%	4h	356.49	long leg	$209K	$1.2M	10x