Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.014%

Price spread now: QFEX against Gate+0.014%7-day average −0.024% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.014%, 7d avg −0.024%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and QFEX is 0.038% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	357.67	0	get 0.0000% / 8h	5h 28m	$3.7M	$6.9M	100x
Short	QFEX GOOGL-USD	357.72	0.0060	get 0.0007% / 1h	28m 07s	$1.2M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $12.5
Price spread: +0.014% → −0.024%: $3.78
Slippage, 4 orders: −$14.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.68
Costs to cover: 0.400%
Break-even: 20.3 days

Slippage from Gate: live order book, 3 min ago; QFEX: live order book, 9 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	1.40 bp	11.7 bp −$12	20.1 bp −$201	doesn't fit	doesn't fit
Sell QFEX live order book, 9 min ago	1.54 bp	6.5 bp −$7	7.1 bp −$71	11.7 bp −$1,173	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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.47	−0.056%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.33	−0.095%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.71	+0.011%	$11.6M	$7.9M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.80	+0.036%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.67	long leg	$3.7M	$6.9M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.82	+0.042%	$17.4M	$10.0M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.82	+0.042%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.82	+0.042%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.95	+0.078%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.90	+0.064%	$2.7M	$116K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.68	+0.002%	$144K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.022%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.154%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.77	+0.028%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0049%	8h	357.83	+0.045%	$367K	$420K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.55	−0.034%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.67	0.000%	$685K	$426K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.55	−0.034%	$109	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.50	−0.048%	$2.3M	$4.0M	15x	as long as short
GRVT GOOGL_USDT_Perp	+0.0054%	8h	357.91	+0.067%	$12K	$467K	10x	as long as short
QFEX GOOGL-USDshort	+0.0060%	1h	357.72	+0.014%	$1.2M	$4.1M	10x
Extended GOOGL-USD	+0.0064%	1h	357.70	+0.009%	$428K	$2.4M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.80	+0.036%	$73.2M	$146.1M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	357.66	−0.003%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.42	−0.070%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.40	−0.075%	$3.0M	$276K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	−0.036%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.68	+0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.64	−0.009%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0112%	1h	357.53	−0.038%	$552K	$83K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.69	+0.006%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.76	+0.025%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0184%	8h	357.88	+0.059%	$693K	$232K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.55	−0.034%	$212K	$226K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0281%	1h	357.68	+0.003%	$29K	$151K	10x	as long as short
edgeX GOOGLUSDC	+0.0967%	4h	357.81	+0.040%	$208K	$1.2M	10x	as long as short