Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0839%/8h= −91.9% APRpaid last 24h −0.198%

Price spread now: Variational Omni against edgeX+0.010%59s7-day average +0.029% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.545%−$54 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.010%, 7d avg +0.029%

Together, before fees−0.550%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	357.71	0.0839	pay 0.0420% / 4h	1h 12m	$209K	$1.2M	10x
Short	Variational Omni GOOGL	357.75	0	get 0.0000% / 8h	5h 12m	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.010%Rate

Funding earned: −$176.19
Price spread: +0.010% → +0.029%: −$1.95
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$187.14
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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, 1 min ago	3.21 bp	7.9 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.61 bp	doesn't fit	7.4 bp −$74	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
Hotstuff GOOGL-PERP	−0.0120%	1h	357.63	−0.023%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.070%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0034%	1h	357.61	−0.027%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.76	+0.014%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.75	+0.010%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.75	+0.011%	$23K	$433K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.93	+0.061%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.98	+0.075%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.045%	$2.7M	$80K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.47	−0.067%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0017%	8h	357.69	−0.006%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.78	+0.019%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.85	+0.039%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.165%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0038%	8h	357.94	+0.064%	$72.9M	$141.0M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.85	+0.038%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.55	−0.045%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	+0.036%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.68	−0.009%	$99.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.61	−0.028%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.65	−0.017%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.54	−0.048%	$2.2M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.78	+0.019%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0057%	8h	358.03	+0.089%	$11.8M	$7.5M	100x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.67	−0.011%	$23K	$154K	10x	as long as short
Bitget GOOGLUSDT	+0.0062%	8h	357.93	+0.061%	$17.5M	$9.6M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.79	+0.022%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.059%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.71	0.000%	$10K	$10K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0103%	8h	357.89	+0.050%	$13.8M	$12.4M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.67	−0.010%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.57	−0.039%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.88	+0.047%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0145%	8h	357.69	−0.006%	$699K	$234K	20x	as long as short
edgeX GOOGLUSDClong	+0.0839%	4h	357.71	long leg	$209K	$1.2M	10x