Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.007%

Price spread now: Coinbase International against Gate−0.192%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.192%, 7d avg −0.114%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.078% cheaper against Gate than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.114%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	358.69	0	get 0.0000% / 8h	6h 19m	$3.7M	$6.8M	100x
Short	Coinbase International GOOGL-PERP-INTX	358.00	−0.0056	pay 0.0007% / 1h	19m 33s	$516K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$11.76
Price spread: −0.192% → −0.114%: −$7.81
Slippage, 4 orders: −$15.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$59.95
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 2 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 Gate live order book, 2 min ago	0.98 bp	11.3 bp −$11	19.2 bp −$192	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.23 bp	7.8 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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-INTXshort	−0.0056%	1h	358.00	−0.192%	$516K	$1.1M	10x
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.89	+0.056%	$13.5M	$13.4M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	358.69	long leg	$3.7M	$6.8M	100x
Bitget GOOGLUSDT	0.0000%	8h	358.92	+0.064%	$17.5M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.85	+0.045%	$5.0M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.87	+0.050%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.04	+0.098%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.01	+0.089%	$2.7M	$106K	10x	as long as short
Bybit GOOGLUSDT	+0.0013%	8h	358.83	+0.039%	$11.5M	$7.5M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	358.62	−0.019%	$145K	$43K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	358.80	+0.031%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.438%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0041%	8h	358.56	−0.036%	$368K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.91	+0.061%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.80	+0.031%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.61	−0.022%	$98.3M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.73	+0.011%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.65	−0.011%	$114	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.50	−0.053%	$2.3M	$3.9M	15x	as long as short
Extended GOOGL-USD	+0.0056%	1h	358.78	+0.025%	$424K	$2.4M	20x	as long as short
Binance GOOGLUSDT	+0.0062%	8h	358.90	+0.059%	$73.3M	$141.6M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	358.77	+0.021%	$294	$253	5x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.66	−0.008%	$211K	$279K	10x	as long as short
Nado GOOGL-PERP	+0.0082%	1h	358.65	−0.012%	$552K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0085%	1h	358.69	0.000%	$24K	$148K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.55	−0.040%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.50	−0.053%	$3.0M	$220K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.52	−0.047%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.82	+0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.73	+0.012%	$25K	—	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0115%	8h	358.84	+0.042%	$24K	$446K	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.61	−0.022%	$138K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0160%	1h	358.63	−0.017%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0177%	8h	358.74	+0.014%	$687K	$238K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	358.82	+0.036%	$2.0M	$2.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0492%	4h	358.85	+0.045%	$209K	$1.2M	10x	as long as short