Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against Gate−0.028%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.028%, 7d avg −0.079%

Together, before fees+0.033%+ Points / potential airdroptradeXYZ: Active · farm board+$3 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 tradeXYZ is 0.051% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	357.64	0	get 0.0000% / 8h	4h 36m	$3.6M	$7.4M	100x
Short	tradeXYZ xyz:GOOGL	357.54	0.0050	get 0.0006% / 1h	36m 31s	$99.1M	$20.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.028%Rate

Funding earned: $10.57
Price spread: −0.028% → −0.079%: $5.07
Slippage, 4 orders: −$12.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$30.35
Costs to cover: 0.460%
Break-even: 27.1 days

Slippage from Gate: live order book, 2 min ago; tradeXYZ: 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, 2 min ago	1.26 bp	10.8 bp −$11	20.7 bp −$207	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.14 bp	10.5 bp −$10	12.8 bp −$128	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	−0.028%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.64	long leg	$3.6M	$7.4M	100x
Variational Omni GOOGL	0.0000%	8h	357.71	+0.019%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	+0.048%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.77	+0.036%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.53	−0.031%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.053%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.064%	$2.7M	$85K	10x	as long as short
Bitget GOOGLUSDT	+0.0007%	8h	357.78	+0.039%	$17.5M	$9.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	357.63	−0.003%	$144K	$49K	10x	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	357.79	+0.042%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.145%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.059%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.71	+0.020%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.006%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.54	−0.028%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	−0.034%	$154	$46K	10x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	357.54	−0.028%	$99.1M	$20.5M	20x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.064%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0056%	8h	357.86	+0.061%	$366K	$457K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.54	−0.028%	$33K	—	20x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.70	+0.017%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0077%	8h	357.79	+0.042%	$73.1M	$141.3M	50x	as long as short
Nado GOOGL-PERP	+0.0097%	1h	357.50	−0.039%	$558K	$80K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.70	+0.017%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.31	−0.092%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.45	−0.053%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.54	−0.028%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.60	−0.011%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.68	+0.011%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	−0.011%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.68	+0.011%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0184%	8h	357.86	+0.062%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0195%	8h	357.74	+0.028%	$695K	$234K	20x	as long as short
Lighter GOOGL	+0.0296%	1h	357.77	+0.036%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0856%	4h	357.68	+0.010%	$209K	$1.2M	10x	as long as short