Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.024%

Price spread now: GRVT against Extended+0.027%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.027%, 7d avg +0.021%

Together, before fees−0.123%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GOOGL-USD	357.00	0.0032	pay 0.0004% / 1h	3m 24s	$425K	$1.5M	20x
Short	GRVT GOOGL_USDT_Perp	357.10	0	get 0.0000% / 8h	1h 03m	$23K	$444K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$6.72
Price spread: +0.027% → +0.021%: $0.53
Slippage, 4 orders: −$5.01
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$25.2
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; GRVT: live order book, 39 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, 5 min ago	0.14 bp	3.5 bp −$4	8.6 bp −$86	doesn't fit	doesn't fit
Sell GRVT live order book, 39 min ago	0.84 bp	5.8 bp −$6	10.3 bp −$103	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	−0.0024%	1h	356.60	−0.113%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.10	+0.027%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.98	−0.007%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.15	+0.041%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.04	+0.011%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perpshort	0.0000%	8h	357.10	+0.027%	$23K	$444K	10x
SunX GOOGL-USDT	0.0000%	8h	357.11	+0.030%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.26	+0.072%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.12	+0.032%	$2.7M	$88K	10x	as long as short
Nado GOOGL-PERP	+0.0012%	1h	356.93	−0.020%	$549K	$92K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0012%	8h	357.22	+0.059%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.99	−0.004%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.05	+0.013%	$1.3M	$2.1M	20x	as long as short
Extended GOOGL-USDlong	+0.0032%	1h	357.00	long leg	$425K	$1.5M	20x
Hotstuff GOOGL-PERP	+0.0032%	1h	356.95	−0.015%	$33K	—	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.032%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0034%	8h	357.13	+0.035%	$72.0M	$143.7M	50x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.007%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.82	−0.052%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.21	+0.058%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.96	−0.012%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.83	−0.049%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.94	−0.018%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.81	−0.054%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.06	+0.016%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0081%	8h	356.59	−0.116%	$3.0M	$100K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0086%	1h	357.01	+0.002%	$24K	$156K	10x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.90	−0.029%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.89	−0.033%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.88	−0.035%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.95	−0.015%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.98	−0.006%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.07	+0.018%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0124%	8h	357.10	+0.027%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0140%	8h	357.12	+0.032%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0253%	4h	357.06	+0.015%	$208K	$1.2M	10x	as long as short