Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0880%/8h= +96.3% APRpaid last 24h +0.192%

Price spread now: edgeX against Gate+0.009%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.009%, 7d avg −0.024%

Together, before fees+0.055%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and edgeX is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.024%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	356.97	0	get 0.0000% / 8h	1h 05m	$3.6M	$7.5M	100x
Short	edgeX GOOGLUSDC	357.00	0.0880	get 0.0440% / 4h	1h 05m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $184.75
Price spread: +0.009% → −0.024%: $3.3
Slippage, 4 orders: −$15.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $148.22
Costs to cover: 0.398%
Break-even: 1.4 days

Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 3 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, 3 min ago	1.82 bp	11.5 bp −$12	18.3 bp −$183	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.36 bp	8.1 bp −$8	11.1 bp −$111	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	−0.104%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.12	+0.042%	$13.6M	$13.1M	50x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.91	−0.017%	$33K	—	20x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	356.97	long leg	$3.6M	$7.5M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.18	+0.059%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.04	+0.020%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.02	+0.014%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.11	+0.039%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.25	+0.078%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.16	+0.053%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0013%	1h	356.95	−0.005%	$549K	$92K	20x	as long as short
Aster GOOGLUSDT	+0.0013%	8h	357.24	+0.076%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.90	−0.019%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.07	+0.028%	$1.3M	$2.1M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.01	+0.011%	$423K	$1.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.042%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0035%	8h	357.11	+0.039%	$72.0M	$143.7M	50x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.017%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.81	−0.045%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.13	+0.045%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.94	−0.008%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.78	−0.053%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.92	−0.014%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.067%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.09	+0.033%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0084%	8h	356.62	−0.098%	$3.0M	$100K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.93	−0.011%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.90	−0.019%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.83	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.93	−0.011%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.96	−0.004%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.08	+0.031%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0128%	8h	357.01	+0.011%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0142%	8h	357.12	+0.042%	$687K	$236K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0170%	1h	357.03	+0.017%	$24K	$156K	10x	as long as short
edgeX GOOGLUSDCshort	+0.0880%	4h	357.00	+0.009%	$208K	$1.2M	10x