Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0492%/8h= −53.9% APRpaid last 24h −0.187%

Price spread now: Gate against edgeX−0.028%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.028%, 7d avg +0.024%

Together, before fees−0.082%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.052% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	358.85	0.0492	pay 0.0246% / 4h	2h 18m	$209K	$1.2M	10x
Short	Gate GOOGL_USDT	358.75	0	get 0.0000% / 8h	6h 18m	$3.7M	$6.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.028%Rate

Funding earned: −$103.32
Price spread: −0.028% → +0.024%: −$5.17
Slippage, 4 orders: −$14.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$147.47
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Gate: live order book, 3 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	3.34 bp	8.0 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.98 bp	11.6 bp −$12	21.6 bp −$216	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	−0.0056%	1h	358.00	−0.237%	$516K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.89	+0.011%	$13.5M	$13.4M	50x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	358.75	−0.028%	$3.7M	$6.8M	100x
Bitget GOOGLUSDT	0.0000%	8h	358.89	+0.011%	$17.5M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.85	0.000%	$5.0M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.87	+0.005%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.04	+0.053%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.99	+0.039%	$2.7M	$106K	10x	as long as short
Bybit GOOGLUSDT	+0.0013%	8h	358.85	0.000%	$11.5M	$7.5M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	358.64	−0.058%	$145K	$43K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	358.85	0.000%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.482%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0041%	8h	358.56	−0.080%	$368K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.91	+0.016%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.80	−0.014%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.59	−0.073%	$98.3M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.73	−0.034%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.65	−0.056%	$112	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.50	−0.098%	$2.3M	$3.9M	15x	as long as short
Binance GOOGLUSDT	+0.0062%	8h	358.91	+0.016%	$73.3M	$141.6M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	358.77	−0.024%	$294	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	358.80	−0.014%	$424K	$2.4M	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.66	−0.053%	$211K	$279K	10x	as long as short
Nado GOOGL-PERP	+0.0082%	1h	358.65	−0.057%	$552K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0085%	1h	358.70	−0.042%	$24K	$148K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.55	−0.085%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.50	−0.098%	$3.0M	$221K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.52	−0.092%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.78	−0.020%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.73	−0.034%	$25K	—	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0115%	8h	358.84	−0.002%	$24K	$446K	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.61	−0.067%	$138K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0160%	1h	358.63	−0.062%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0182%	8h	358.74	−0.031%	$687K	$238K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	358.86	+0.003%	$2.0M	$2.2M	20x	as long as short
edgeX GOOGLUSDClong	+0.0492%	4h	358.85	long leg	$209K	$1.2M	10x