Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0655%/8h= −71.7% APRpaid last 24h −0.126%

Price spread now: OKX against edgeX+0.030%51s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as 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−$280.279% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.030%, 7d avg +0.040%

Together, before fees−0.036%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate. The two prices were read 51 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 -0.015% in total (about -0.8% 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	356.77	0.0655	pay 0.0328% / 4h	1h 28m	$208K	$1.2M	10x
Short	OKX GOOGL-USDT-SWAP	356.88	0	get 0.0000% / 8h	1h 28m	$13.6M	$13.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$137.57
Price spread: +0.030% → +0.040%: −$1.03
Slippage, 4 orders: −$8.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$166.49
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; OKX: 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	11.3 bp −$113	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.14 bp	5.3 bp −$5	12.7 bp −$127	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	−0.0024%	1h	356.60	−0.049%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	356.88	+0.030%	$13.6M	$13.0M	50x
Gate GOOGL_USDT	0.0000%	8h	356.80	+0.007%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.99	+0.061%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.79	+0.005%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.82	+0.012%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.96	+0.052%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.71	−0.018%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.03	+0.072%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.90	+0.035%	$2.7M	$87K	10x	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	+0.0021%	1h	356.52	−0.071%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0027%	8h	357.06	+0.079%	$365K	$424K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.88	+0.030%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.097%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0036%	1h	356.74	−0.011%	$549K	$92K	20x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.91	+0.038%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.54	−0.065%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.02	+0.069%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.85	+0.023%	$423K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0048%	8h	356.96	+0.052%	$72.0M	$143.9M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.80	+0.007%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.77	−0.001%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.74	−0.009%	$153	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.46	−0.088%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.89	+0.032%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	356.74	−0.009%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.69	−0.023%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.73	−0.012%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.051%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.55	−0.063%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.76	−0.004%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.76	−0.003%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0136%	1h	356.92	+0.041%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0157%	8h	356.96	+0.052%	$11.6M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0169%	8h	356.96	+0.052%	$690K	$236K	20x	as long as short
edgeX GOOGLUSDClong	+0.0655%	4h	356.77	long leg	$208K	$1.2M	10x