Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.029%

Price spread now: OKX against Extended+0.013%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.083%+$8 · spread now +0.013%, 7d avg +0.047%

Together, before fees+0.076%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.035% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GOOGL-USD	356.97	0.0032	pay 0.0004% / 1h	52m 28s	$423K	$2.1M	20x
Short	OKX GOOGL-USDT-SWAP	357.02	0	get 0.0000% / 8h	52m 28s	$13.6M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$6.72
Price spread: +0.013% → +0.047%: −$3.47
Slippage, 4 orders: −$4.28
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.46
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	0.14 bp	3.5 bp −$4	12.4 bp −$124	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.14 bp	5.9 bp −$6	13.5 bp −$135	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	−0.0048%	1h	356.60	−0.105%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0005%	1h	356.87	−0.030%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	357.02	+0.013%	$13.6M	$12.9M	50x
Gate GOOGL_USDT	0.0000%	8h	356.95	−0.007%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.14	+0.046%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.03	+0.015%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.04	+0.019%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.12	+0.041%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.83	−0.041%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.17	+0.055%	$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	357.14	+0.046%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	357.18	+0.057%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.09	+0.033%	$144K	$45K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.90	−0.021%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0030%	8h	357.06	+0.024%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.99	+0.004%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USDlong	+0.0032%	1h	356.97	long leg	$423K	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.041%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.02	+0.013%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.85	−0.035%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.15	+0.049%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.86	−0.032%	$98.0M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	−0.043%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.91	−0.018%	$136	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.68	−0.083%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	356.99	+0.005%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0070%	8h	356.78	−0.055%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.82	−0.043%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.92	−0.015%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.98	+0.001%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.94	−0.009%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0111%	8h	357.07	+0.027%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.99	+0.004%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.04	+0.018%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0121%	8h	357.10	+0.035%	$689K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0771%	4h	357.05	+0.021%	$208K	$1.2M	10x	as long as short