Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0377%/8h= −41.3% APRpaid last 24h −0.155%

Price spread now: Bybit against edgeX+0.047%71s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$320.322% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.047%, 7d avg +0.045%

Together, before fees−0.065%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 71 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 -0.023% in total (about -1.2% 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	357.33	0.0489	pay 0.0244% / 4h	3h 38m	$208K	$1.2M	10x
Short	Bybit GOOGLUSDT	357.50	0.0111	get 0.0111% / 8h	7h 38m	$11.5M	$7.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$79.2
Price spread: +0.047% → +0.045%: $0.16
Slippage, 4 orders: −$12.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$111.28
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from edgeX: live order book, just now; Bybit: live order book, 5 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, just now	3.22 bp	7.9 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.28 bp	8.2 bp −$8	14.1 bp −$141	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
Coinbase International GOOGL-PERP-INTX	−0.0080%	1h	357.34	+0.002%	$518K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.61	+0.078%	$366K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.46	+0.036%	$13.5M	$12.9M	50x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	357.27	−0.018%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.40	+0.019%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.60	+0.075%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.24	−0.027%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.63	+0.083%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.31	−0.006%	$24K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.71	+0.106%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.57	+0.066%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0022%	8h	357.49	+0.044%	$72.2M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.40	+0.019%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.48	+0.042%	$144K	$44K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0031%	8h	357.73	+0.111%	$23K	$427K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.45	+0.033%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.060%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.42	+0.024%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.29	−0.012%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.57	+0.066%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	+0.013%	$686K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.24	−0.026%	$115	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.040%	$2.3M	$4.2M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0054%	1h	357.28	−0.015%	$98.3M	$21.3M	20x	as long as short
KuCoin GOOGLUSDTM	+0.0057%	8h	357.14	−0.054%	$3.0M	$140K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.44	+0.030%	$293	$253	5x	as long as short
Nado GOOGL-PERP	+0.0067%	1h	357.32	−0.005%	$549K	$88K	20x	as long as short
BloFin GOOGL-USDT	+0.0084%	8h	357.61	+0.078%	$686K	$234K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.07	−0.074%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.19	−0.041%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.10	−0.065%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.42	+0.024%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.32	−0.005%	$25K	—	10x	as long as short
Bybit GOOGLUSDTshort	+0.0111%	8h	357.50	+0.047%	$11.5M	$7.7M	100x
Lighter GOOGL	+0.0232%	1h	357.50	+0.047%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDClong	+0.0489%	4h	357.33	long leg	$208K	$1.2M	10x