Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0678%/8h= +74.2% APRpaid last 24h +0.123%

Price spread now: edgeX against Extended+0.026%73s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$230.230% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days+0.097%+$10 · spread now +0.026%, 7d avg +0.012%

Together, before fees−0.062%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% 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	Extended GOOGL-USD	356.45	0.0128	pay 0.0016% / 1h	20m 07s	$421K	$1.6M	20x
Short	edgeX GOOGLUSDC	356.54	0.0806	get 0.0403% / 4h	20m 07s	$210K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $142.38
Price spread: +0.026% → +0.012%: $1.34
Slippage, 4 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $120.73
Costs to cover: 0.230%
Break-even: 1.1 days

Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 4 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 Extended live order book, 3 min ago	0.14 bp	3.5 bp −$4	8.7 bp −$87	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	3.22 bp	8.0 bp −$8	11.2 bp −$112	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	356.39	−0.017%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.54	+0.025%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.26	−0.054%	$22K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.64	+0.053%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.59	+0.039%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.015%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.38	−0.019%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.57	+0.033%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.187%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.50	+0.013%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0047%	8h	356.56	+0.030%	$23K	$473K	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.26	−0.054%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.059%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.27	−0.051%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.079%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.43	−0.006%	$1.3M	$4.9M	10x	as long as short
Variational Omni GOOGL	+0.0061%	8h	356.49	+0.010%	$4.7M	$2.6M	—	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.45	+0.001%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.22	−0.066%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.29	−0.045%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.39	−0.017%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.40	−0.015%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.43	−0.006%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0109%	8h	356.63	+0.050%	$362K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0109%	1h	356.24	−0.060%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0118%	8h	356.57	+0.033%	$11.5M	$7.8M	100x	as long as short
Bitget GOOGLUSDT	+0.0127%	8h	356.52	+0.019%	$16.8M	$9.3M	100x	as long as short
Extended GOOGL-USDlong	+0.0128%	1h	356.45	long leg	$421K	$1.6M	20x
Binance GOOGLUSDT	+0.0130%	8h	356.54	+0.025%	$73.1M	$142.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.31	−0.040%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.27	−0.051%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0174%	8h	356.59	+0.039%	$13.9M	$12.8M	50x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.27	−0.051%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0251%	8h	356.54	+0.025%	$692K	$236K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.53	+0.022%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0806%	4h	356.54	+0.026%	$210K	$1.2M	10x