Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.029%

Price spread now: Injective against Gate−0.050%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.050%, 7d avg +0.061%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.112% cheaper against Gate than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.061%). If the spread goes back, that is −$11 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.012% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	357.30	0	get 0.0000% / 8h	39m 20s	$3.6M	$7.4M	100x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	39m 20s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.050%Rate

Funding earned: $7
Price spread: −0.050% → +0.061%: −$11.16
Slippage, 4 orders: −$30.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$49.32
Costs to cover: 0.452%
Break-even: 56.3 days

Slippage from Gate: live order book, 4 min ago; Injective: live order book, 64 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, 4 min ago	2.38 bp	12.0 bp −$12	19.8 bp −$198	doesn't fit	doesn't fit
Sell Injective live order book, 64 min ago	9.94 bp	10.0 bp −$10	10.0 bp −$100	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	−0.196%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.38	+0.022%	$13.6M	$12.7M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.30	long leg	$3.6M	$7.4M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.44	+0.039%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.43	+0.035%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.45	+0.041%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.43	+0.036%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.51	+0.059%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.45	+0.042%	$2.7M	$88K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.17	−0.036%	$24K	$157K	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	+0.0011%	1h	357.16	−0.038%	$549K	$91K	20x	as long as short
Aster GOOGLUSDT	+0.0013%	8h	357.37	+0.018%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.27	−0.008%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.28	−0.006%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.28	−0.006%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	−0.050%	$128K	$45K	30x
QFEX GOOGL-USD	+0.0035%	1h	357.26	−0.011%	$1.3M	$4.2M	10x	as long as short
Binance GOOGLUSDT	+0.0035%	8h	357.37	+0.020%	$72.1M	$143.4M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.14	−0.045%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.45	+0.042%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.21	−0.025%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.16	−0.039%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.12	−0.050%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.17	−0.036%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.09	−0.059%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.26	−0.011%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0064%	8h	356.88	−0.118%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.08	−0.062%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.17	−0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.22	−0.022%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.25	−0.014%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	357.39	+0.025%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.33	+0.008%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0141%	8h	357.47	+0.048%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.35	+0.014%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.42	+0.033%	$208K	$1.2M	10x	as long as short