Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0992%/8h= −108.6% APRpaid last 24h −0.192%

Price spread now: SunX against edgeX−0.016%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1151.147% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.016%, 7d avg +0.019%

Together, before fees−0.011%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and SunX is 0.035% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% 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	357.35	0.0992	pay 0.0496% / 4h	2h 49m	$208K	$1.2M	10x
Short	SunX GOOGL-USDT	357.29	0	get 0.0000% / 8h	2h 49m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$208.24
Price spread: −0.016% → +0.019%: −$3.49
Slippage, 4 orders: −$97.67
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$326.41
Costs to cover: 1.147%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; SunX: live order book, 9 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	11.1 bp −$111	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	44.88 bp	49.4 bp −$49	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
Gate GOOGL_USDT	0.0000%	8h	357.16	−0.052%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.31	−0.010%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.29	−0.016%	$1K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.03	−0.089%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.39	+0.012%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.40	+0.015%	$2.7M	$87K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	357.04	−0.086%	$33K	—	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0008%	8h	357.35	+0.001%	$24K	$447K	10x	as long as short
Variational Omni GOOGL	+0.0014%	8h	357.33	−0.004%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	−0.044%	$521K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0018%	1h	357.00	−0.097%	$557K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.26	−0.026%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.18	−0.047%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.063%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.11	−0.066%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	−0.027%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.22	−0.035%	$1.3M	$4.3M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0047%	8h	357.21	−0.038%	$13.7M	$12.6M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.05	−0.083%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.07	−0.077%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.05	−0.083%	$145	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.04	−0.086%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	357.17	−0.050%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	357.41	+0.016%	$366K	$426K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.17	−0.049%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	357.26	−0.024%	$72.2M	$143.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.01	−0.095%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.03	−0.089%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	−0.052%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.14	−0.058%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.14	−0.058%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0128%	1h	357.18	−0.047%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	−0.038%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0211%	8h	357.28	−0.019%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0226%	8h	357.34	−0.002%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDClong	+0.0992%	4h	357.35	long leg	$208K	$1.2M	10x