Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Gate−0.067%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.067%, 7d avg −0.083%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	357.70	0	get 0.0000% / 8h	7h 46m	$3.6M	$7.0M	100x
Short	Polymarket Perps GOOG-USD	357.46	0.0050	get 0.0006% / 1h	46m 23s	$686K	$415K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.067%Rate

Funding earned: $10.5
Price spread: −0.067% → −0.083%: $1.62
Slippage, 4 orders: −$16.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$27.46
Costs to cover: 0.396%
Break-even: 25.3 days

Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 51 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	1.68 bp	11.3 bp −$11	20.1 bp −$201	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 51 min ago	2.24 bp	6.2 bp −$6	6.2 bp −$62	7.6 bp −$758	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	−0.0080%	1h	357.25	−0.126%	$512K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0032%	1h	357.52	−0.050%	$33K	—	20x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.87	+0.049%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.81	+0.031%	$13.5M	$12.8M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.70	long leg	$3.6M	$7.0M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.86	+0.045%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	−0.071%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.43	−0.076%	$23K	$442K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.81	+0.031%	$1K	$3.9M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.97	+0.075%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.73	+0.008%	$2.7M	$88K	10x	as long as short
edgeX GOOGLUSDC	+0.0003%	4h	357.37	−0.092%	$208K	$1.2M	10x	as long as short
Extended GOOGL-USD	+0.0016%	1h	357.77	+0.019%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0020%	8h	357.84	+0.040%	$72.2M	$141.5M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	357.49	−0.059%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.74	+0.011%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.162%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.75	+0.014%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.59	−0.031%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.031%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	357.46	−0.067%	$686K	$415K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.59	−0.031%	$125	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.55	−0.042%	$2.3M	$4.4M	15x	as long as short
KuCoin GOOGLUSDTM	+0.0051%	8h	357.34	−0.101%	$3.0M	$131K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.73	+0.009%	$293	$253	5x	as long as short
BloFin GOOGL-USDT	+0.0075%	8h	357.62	−0.022%	$688K	$234K	20x	as long as short
Nado GOOGL-PERP	+0.0077%	1h	357.55	−0.042%	$550K	$88K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0085%	1h	357.63	−0.020%	$98.4M	$21.3M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.13	−0.159%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.46	−0.067%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	−0.112%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.64	−0.017%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.61	−0.027%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0195%	8h	357.88	+0.050%	$11.5M	$7.7M	100x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0197%	1h	357.70	0.000%	$24K	$157K	10x	as long as short
Lighter GOOGL	+0.0256%	1h	357.80	+0.028%	$2.0M	$1.3M	20x	as long as short