Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0483%/8h= −52.9% APRpaid last 24h −0.178%

Price spread now: Coinbase International against edgeX−0.058%7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)+0.298%+$30 · spread now −0.058%, 7d avg −0.118%

Together, before fees+0.188%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.060% dearer against edgeX than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.118%): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.110% in total) that is about 3.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% 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	357.32	0.0403	pay 0.0202% / 4h	3h 28m	$208K	$1.2M	10x
Short	Coinbase International GOOGL-PERP-INTX	357.11	−0.0080	pay 0.0010% / 1h	28m 46s	$518K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$101.45
Price spread: −0.058% → −0.118%: $5.97
Slippage, 4 orders: −$15.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$129.55
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Coinbase International: 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, 5 min ago	3.22 bp	8.0 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.94 bp	9.0 bp −$9	10.8 bp −$108	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-INTXshort	−0.0080%	1h	357.11	−0.058%	$518K	$1.1M	10x
Aster GOOGLUSDT	0.0000%	8h	357.37	+0.016%	$366K	$423K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.06	−0.072%	$11.5M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.92	−0.111%	$13.5M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.94	−0.105%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.20	−0.033%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.29	−0.009%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.38	+0.018%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.15	−0.047%	$2K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.01	−0.086%	$24K	$149K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.33	+0.004%	$115K	$209K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.35	+0.009%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0018%	8h	357.14	−0.049%	$72.3M	$141.8M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.06	−0.071%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.23	−0.024%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.06	−0.072%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.055%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.15	−0.047%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.98	−0.094%	$209K	$280K	10x	as long as short
Nado GOOGL-PERP	+0.0046%	1h	356.98	−0.095%	$549K	$88K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.27	−0.013%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.90	−0.117%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.88	−0.122%	$685K	$414K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.99	−0.091%	$119	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.90	−0.117%	$2.3M	$4.1M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.10	−0.059%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0060%	8h	357.02	−0.083%	$3.0M	$151K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.04	−0.077%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0082%	8h	357.24	−0.022%	$687K	$234K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.14	−0.050%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.15	−0.047%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.10	−0.061%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.13	−0.052%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.11	−0.057%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0200%	1h	357.09	−0.063%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDClong	+0.0403%	4h	357.32	long leg	$208K	$1.2M	10x