Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h −0.143%

Price spread now: Deribit against edgeX−0.025%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.184%−$18 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.025%, 7d avg −0.031%

Together, before fees−0.035%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.184%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	356.27	0.0052	pay 0.0026% / 4h	2h 00m	$208K	$1.2M	10x
Short	Deribit GOOGL_USDC-PERPETUAL	356.18	0.0228	get 0.0028% / 1h	0m 53s	$22K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $36.78
Price spread: −0.025% → −0.031%: $0.64
Slippage, 4 orders: −$14.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $7.23
Costs to cover: 0.302%
Break-even: 5.6 days

Slippage from edgeX: live order book, 3 min ago; Deribit: live order book, 22 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, 3 min ago	3.37 bp	8.1 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Deribit live order book, 22 min ago	0.14 bp	3.6 bp −$4	7.0 bp −$70	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
Hotstuff GOOGL-PERP	−0.0056%	1h	356.08	−0.053%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.135%	$523K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.37	+0.028%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.22	−0.014%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	−0.009%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.19	−0.023%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.30	+0.009%	$994	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.41	+0.039%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.28	+0.003%	$2.7M	$64K	10x	as long as short
Aster GOOGLUSDT	+0.0005%	8h	356.41	+0.040%	$362K	$455K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.06	−0.058%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0031%	8h	356.31	+0.011%	$72.9M	$141.8M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.30	+0.009%	$1.4M	$2.6M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	356.27	0.000%	$422K	$1.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.239%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.20	−0.019%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.21	−0.017%	—	$5K	25x	as long as short
OKX GOOGL-USDT-SWAP	+0.0048%	8h	356.36	+0.025%	$13.8M	$12.9M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.11	−0.045%	$98.0M	$25.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.09	−0.050%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.09	−0.050%	$192	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.99	−0.078%	$2.3M	$5.0M	15x	as long as short
edgeX GOOGLUSDClong	+0.0052%	4h	356.27	long leg	$208K	$1.2M	10x
Bitget GOOGLUSDT	+0.0057%	8h	356.33	+0.017%	$16.9M	$9.3M	100x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.09	−0.050%	$202K	$270K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0074%	8h	356.28	+0.003%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0096%	1h	355.94	−0.092%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.92	−0.099%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.85	−0.118%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.109%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.20	−0.019%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.19	−0.022%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.090%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0125%	8h	356.15	−0.034%	$690K	$235K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	356.30	+0.009%	$2.0M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	+0.0228%	1h	356.18	−0.025%	$22K	$151K	10x