Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h −0.171%

Price spread now: Orderly against edgeX−0.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	357.53	0.0298	pay 0.0149% / 4h	1h 55m	$209K	$1.2M	10x
Short	Orderly PERP_GOOGL_USDC	357.46	0.0100	get 0.0100% / 8h	5h 55m	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.019%Rate

Funding earned: −$41.69
Price spread: −0.019% → 0.000%: −$1.94
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$58.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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	3.22 bp	7.9 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 35 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	−0.0064%	1h	357.41	−0.033%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0055%	1h	357.52	−0.004%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.53	0.000%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	+0.013%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	+0.010%	$24K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.63	+0.028%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.44	−0.025%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.73	+0.056%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.64	+0.031%	$2.7M	$74K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	357.23	−0.084%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOOGL-USD	+0.0028%	1h	357.56	+0.009%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.69	+0.045%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.115%	$128K	$45K	30x	as long as short
Bitget GOOGLUSDT	+0.0034%	8h	357.63	+0.028%	$17.0M	$9.3M	100x	as long as short
Bybit GOOGLUSDT	+0.0038%	8h	357.71	+0.051%	$11.7M	$7.4M	100x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.30	−0.064%	$202K	$272K	10x	as long as short
Aster GOOGLUSDT	+0.0041%	8h	357.49	−0.011%	$365K	$458K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.76	+0.065%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.46	−0.019%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.28	−0.070%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.42	−0.031%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.24	−0.081%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.65	+0.033%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.66	+0.037%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.57	+0.012%	$421K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.45	−0.022%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.27	−0.073%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0096%	1h	357.71	+0.051%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.039%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.19	−0.095%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.42	−0.031%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	357.46	−0.019%	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.46	−0.019%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0143%	8h	357.62	+0.025%	$13.8M	$12.5M	50x	as long as short
edgeX GOOGLUSDClong	+0.0298%	4h	357.53	long leg	$209K	$1.2M	10x