Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.008%

Price spread now: Deribit against Gate−0.042%51s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$370.372% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.042%, 7d avg −0.032%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	357.66	0	get 0.0000% / 8h	4h 42m	$3.6M	$7.4M	100x
Short	Deribit GOOGL_USDC-PERPETUAL	357.51	0.0002	get 0.0000% / 1h	42m 26s	$24K	$155K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0.38
Price spread: −0.042% → −0.032%: −$1.01
Slippage, 4 orders: −$15.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$37.85
Costs to cover: 0.372%
Break-even: 708.0 days

Slippage from Gate: live order book, 1 min ago; Deribit: live order book, 16 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, 1 min ago	1.12 bp	11.6 bp −$12	21.9 bp −$219	doesn't fit	doesn't fit
Sell Deribit live order book, 16 min ago	0.14 bp	8.6 bp −$9	11.0 bp −$110	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	357.54	−0.034%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.66	long leg	$3.6M	$7.4M	100x
Variational Omni GOOGL	0.0000%	8h	357.71	+0.014%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.78	+0.034%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.82	+0.045%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.94	+0.078%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.84	+0.050%	$2.7M	$86K	10x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	+0.0002%	1h	357.51	−0.042%	$24K	$155K	10x
Aftermath Perps GOOGLUSD	+0.0011%	1h	357.63	−0.009%	$144K	$49K	10x	as long as short
Bitget GOOGLUSDT	+0.0022%	8h	357.80	+0.039%	$17.5M	$9.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.77	+0.031%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.151%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.52	−0.039%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.72	+0.017%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.67	+0.003%	$1.3M	$4.3M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.53	−0.036%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.55	−0.031%	$157	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0050%	8h	357.89	+0.064%	$366K	$457K	20x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.28	−0.106%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0064%	1h	357.54	−0.034%	$99.1M	$20.7M	20x	as long as short
Binance GOOGLUSDT	+0.0071%	8h	357.80	+0.039%	$73.1M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.70	+0.011%	$426K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0096%	1h	357.54	−0.034%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.46	−0.055%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.33	−0.092%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.40	−0.073%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.46	−0.056%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.65	−0.002%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0106%	1h	357.45	−0.058%	$558K	$80K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0106%	8h	357.70	+0.011%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.51	−0.042%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0116%	8h	357.71	+0.014%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0172%	8h	357.83	+0.048%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0190%	8h	357.79	+0.036%	$698K	$234K	20x	as long as short
Lighter GOOGL	+0.0304%	1h	357.76	+0.028%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0712%	4h	357.73	+0.019%	$209K	$1.2M	10x	as long as short