Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.177%

Price spread now: QFEX against edgeX−0.016%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.578%−$58 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.016%, 7d avg 0.000%

Together, before fees−0.574%+ Points / potential airdropedgeX: Active · farm board−$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$4 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	0.0159	pay 0.0080% / 4h	17m 20s	$208K	$1.2M	10x
Short	QFEX GOOGL-USD	357.47	0.0035	get 0.0004% / 1h	17m 20s	$1.3M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$26.12
Price spread: −0.016% → 0.000%: −$1.52
Slippage, 4 orders: −$9.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$56.53
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; QFEX: live order book, 11 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	3.22 bp	7.9 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.54 bp	6.5 bp −$7	6.6 bp −$66	12.4 bp −$1,243	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
Deribit GOOGL_USDC-PERPETUAL	−0.0114%	1h	357.31	−0.060%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.122%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0007%	1h	357.39	−0.039%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.60	+0.021%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.43	−0.027%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.66	+0.038%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.51	−0.004%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.56	+0.010%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.67	+0.040%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.074%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.60	+0.021%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0006%	8h	357.79	+0.073%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.38	−0.040%	$144K	$44K	10x	as long as short
Binance GOOGLUSDT	+0.0028%	8h	357.68	+0.043%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	+0.018%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.58	+0.014%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.113%	$128K	$45K	30x	as long as short
QFEX GOOGL-USDshort	+0.0035%	1h	357.47	−0.016%	$1.3M	$4.1M	10x
Arcus GOOGL-USD	+0.0040%	1h	357.30	−0.063%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.057%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.44	−0.024%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	−0.046%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.37	−0.044%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.094%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.51	−0.004%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0051%	8h	357.07	−0.127%	$3.0M	$105K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.32	−0.058%	$33K	—	20x	as long as short
Bybit GOOGLUSDT	+0.0085%	8h	357.65	+0.035%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.32	−0.057%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	−0.046%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	−0.010%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.47	−0.015%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.64	+0.032%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	−0.058%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0113%	8h	357.61	+0.024%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDClong	+0.0159%	4h	357.53	long leg	$208K	$1.2M	10x