Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.182%

Price spread now: GRVT against edgeX+0.174%119s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$310.314% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.174%, 7d avg +0.012%

Together, before fees−0.291%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.162% dearer against edgeX than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of +0.012%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 25 days. At the pace of the last 7 days (−0.114% in total) that is about 9.9 days. The two prices were read 119 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	358.66	0.0193	pay 0.0097% / 4h	1h 55m	$208K	$1.2M	10x
Short	GRVT GOOGL_USDT_Perp	359.28	0.0172	get 0.0172% / 8h	5h 55m	$24K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.174%Rate

Funding earned: −$4.48
Price spread: +0.174% → +0.012%: $16.25
Slippage, 4 orders: −$13.44
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$19.67
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; GRVT: live order book, 55 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, 1 min ago	4.32 bp	9.0 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit
Sell GRVT live order book, 55 min ago	1.25 bp	7.2 bp −$7	11.1 bp −$111	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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.90	−0.211%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	358.38	−0.077%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	358.64	−0.004%	$11.6M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.71	+0.015%	$13.6M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.51	−0.040%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.68	+0.007%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.49	−0.046%	$2K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.27	−0.107%	$29K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.65	−0.001%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.79	+0.038%	$2.7M	$114K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0013%	8h	358.41	−0.067%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.61	−0.012%	$145K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.58	−0.021%	$1.3M	$1.7M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.428%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.57	−0.024%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.41	−0.068%	$98.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.35	−0.085%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.25	−0.113%	$113	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.29	−0.102%	$2.3M	$3.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	358.46	−0.054%	$1.3M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	358.51	−0.041%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0064%	8h	358.57	−0.023%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	358.25	−0.114%	$552K	$82K	20x	as long as short
Binance GOOGLUSDT	+0.0083%	8h	358.62	−0.010%	$73.2M	$144.6M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	358.50	−0.043%	$426K	$2.4M	20x	as long as short
Lighter GOOGL	+0.0088%	1h	358.55	−0.029%	$2.0M	$2.1M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.30	−0.098%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.45	−0.057%	$3.0M	$244K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.70	+0.012%	$27K	$13K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.38	−0.077%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.38	−0.078%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.95	+0.082%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perpshort	+0.0172%	8h	359.28	+0.174%	$24K	$450K	10x
edgeX GOOGLUSDClong	+0.0193%	4h	358.66	long leg	$208K	$1.2M	10x
Arcus GOOGL-USD	+0.0199%	1h	358.42	−0.066%	$211K	$195K	10x	as long as short
BloFin GOOGL-USDT	+0.0205%	8h	358.74	+0.024%	$690K	$242K	20x	as long as short