Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0894%/8h= −97.9% APRpaid last 24h −0.172%

Price spread now: Polymarket Perps against edgeX−0.131%7-day average −0.062% · you buy dearer than you sell

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

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.131%, 7d avg −0.062%

Together, before fees−0.007%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Polymarket Perps is 0.068% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% 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	356.78	0.0944	pay 0.0472% / 4h	3h 25m	$208K	$1.2M	10x
Short	Polymarket Perps GOOG-USD	356.31	0.0050	get 0.0006% / 1h	25m 27s	$683K	$414K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$187.81
Price spread: −0.131% → −0.062%: −$6.81
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$211.62
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 3 min ago; Polymarket Perps: live order book, 8 min ago. 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	11.1 bp −$111	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 8 min ago	363.13 bp	doesn't fit	doesn't fit	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	−0.0080%	1h	357.11	+0.094%	$518K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.90	+0.035%	$366K	$423K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.64	−0.038%	$11.5M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.59	−0.052%	$13.5M	$13.2M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.50	−0.077%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.74	−0.010%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.77	−0.003%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.90	+0.035%	$23K	$441K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.82	+0.012%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	−0.080%	$24K	$149K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	356.98	+0.057%	$114K	$209K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.93	+0.043%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0009%	8h	356.70	−0.022%	$72.3M	$141.9M	50x	as long as short
Extended GOOGL-USD	+0.0016%	1h	356.60	−0.051%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	356.81	+0.011%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.61	−0.046%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.096%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	−0.032%	$1.2M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.40	−0.105%	$208K	$282K	10x	as long as short
Nado GOOGL-PERP	+0.0042%	1h	356.46	−0.088%	$548K	$88K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.78	+0.001%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.41	−0.103%	$98.0M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	356.31	−0.131%	$683K	$414K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.57	−0.058%	$122	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.54	−0.066%	$2.2M	$4.1M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	356.43	−0.097%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	356.62	−0.045%	$292	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0059%	8h	356.58	−0.055%	$3.0M	$153K	20x	as long as short
BloFin GOOGL-USDT	+0.0060%	8h	356.87	+0.026%	$687K	$233K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.14	+0.102%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.43	−0.097%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.76	−0.004%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.63	−0.041%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.62	−0.044%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0192%	1h	356.61	−0.046%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDClong	+0.0944%	4h	356.78	long leg	$208K	$1.2M	10x