GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0215%/8h= +23.6% APRnext payment +$2.15 per $10,000 · paid last 24h +0.040%

Price spread now: Bybit against GRVT−0.054%50s7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.285% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.054%, 7d avg +0.024%

Together, before fees+0.230%+ Points / potential airdropGRVT: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.078% cheaper against GRVT than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.024%). If the spread goes back, that is −$8 on $10k: about 29 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.084% in total) that is about 6.4 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.084% in total (about 4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.15 per $10,000. 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	GRVT GOOGL_USDT_Perp	357.63	0.0009	pay 0.0009% / 8h	2h 52m	$23K	$442K	10x
Short	Bybit GOOGLUSDT	357.44	0.0224	get 0.0224% / 8h	2h 52m	$12.0M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now −0.054%Rate

Funding earned: $45.22
Price spread: −0.054% → +0.024%: −$7.76
Slippage, 4 orders: −$8.46
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $9
Costs to cover: 0.285%
Break-even: 5.6 days

Slippage from GRVT: live order book, 60 min ago; Bybit: live order book, 6 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 GRVT live order book, 60 min ago	1.26 bp	6.1 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.28 bp	8.2 bp −$8	12.6 bp −$126	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
Hotstuff GOOGL-PERP	−0.0048%	1h	357.14	−0.138%	$33K	—	20x	as long as short
Nado GOOGL-PERP	−0.0030%	1h	357.12	−0.144%	$557K	$86K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.27	−0.101%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.47	−0.045%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.40	−0.065%	$965	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.14	−0.138%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.46	−0.048%	$115K	$216K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.67	+0.010%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perplong	+0.0009%	8h	357.63	long leg	$23K	$442K	10x
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	−0.124%	$521K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0017%	8h	357.50	−0.036%	$4.8M	$2.4M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.29	−0.096%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.28	−0.099%	$1.3M	$2.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0032%	4h	357.44	−0.053%	$208K	$1.2M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.143%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.25	−0.107%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.41	−0.062%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.30	−0.093%	$1.3M	$4.2M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0049%	8h	357.32	−0.087%	$13.7M	$12.5M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.15	−0.135%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.17	−0.129%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.15	−0.135%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.08	−0.155%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	357.27	−0.102%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	357.45	−0.050%	$366K	$426K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.29	−0.095%	$424K	$1.2M	20x	as long as short
Lighter GOOGL	+0.0088%	1h	357.29	−0.096%	$2.0M	$1.3M	20x	as long as short
Binance GOOGLUSDT	+0.0090%	8h	357.39	−0.068%	$72.3M	$143.0M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.12	−0.144%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.17	−0.129%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.44	−0.054%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.23	−0.113%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.20	−0.122%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.24	−0.110%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0210%	8h	357.41	−0.062%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDTshort	+0.0224%	8h	357.44	−0.054%	$12.0M	$7.5M	100x