Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate−0.025%81s7-day average — · you buy dearer than you sell

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

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.025% cheaper against Gate than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day). The two prices were read 81 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	Gate GOOGL_USDT	357.74	0	get 0.0000% / 8h	3h 25m	$3.6M	$7.4M	100x
Short	ApeX Omni GOOGLUSDT	357.65	0.0100	get 0.0013% / 1h	25m 58s	$22K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.025%Rate

Funding earned: $21
Price spread: −0.025% → 0.000%: −$2.52
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$6.52
Costs to cover: 0.250%
Break-even: 9.2 days

Slippage unknown: Gate: live order book, 2 min ago; ApeX Omni: no order-book sample. 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 Gate live order book, 2 min ago	1.82 bp	11.0 bp −$11	21.1 bp −$211	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit GOOGL_USDC-PERPETUAL	−0.0141%	1h	357.47	−0.075%	$24K	$155K	10x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.74	long leg	$3.6M	$7.4M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.73	−0.003%	$17.5M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.84	+0.028%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.93	+0.053%	$115K	$218K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.96	+0.061%	$2.7M	$85K	10x	as long as short
Nado GOOGL-PERP	+0.0005%	1h	357.69	−0.013%	$558K	$83K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.020%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.65	−0.026%	$144K	$47K	10x	as long as short
Variational Omni GOOGL	+0.0025%	8h	357.78	+0.011%	$4.8M	$2.4M	—	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	+0.0026%	8h	357.87	+0.036%	$23K	$442K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.89	+0.042%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.173%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.71	−0.008%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.55	−0.053%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.88	+0.039%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.74	0.000%	$99.3M	$20.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.57	−0.048%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.70	−0.011%	$144	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.55	−0.053%	$2.2M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.80	+0.016%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.73	−0.003%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	357.71	−0.008%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0086%	8h	357.86	+0.034%	$13.8M	$12.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.82	+0.022%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.38	−0.101%	$3.0M	$97K	20x	as long as short
ApeX Omni GOOGLUSDTshort	+0.0100%	1h	357.65	−0.025%	$22K	$10K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.74	0.000%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0102%	8h	357.85	+0.030%	$72.3M	$142.0M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.76	+0.005%	$419K	$1.6M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.72	−0.006%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.79	+0.014%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0184%	1h	357.87	+0.036%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	357.84	+0.028%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0233%	8h	357.97	+0.064%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0810%	4h	357.81	+0.019%	$209K	$1.2M	10x	as long as short