Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.023%

Price spread now: Deribit against GRVT−0.007%75s7-day average −0.040% · you buy dearer than you sell

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

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

costs, in and out, $10k−$310.310% of the position

Long on GRVT Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.137%+$14 on $10k

Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.007%, 7d avg −0.040%

Together, before fees+0.285%+ Points / potential airdropGRVT: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.033% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.040%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	356.17	0	get 0.0000% / 8h	2h 04m	$23K	$507K	10x
Short	Deribit GOOGL_USDC-PERPETUAL	356.15	0.0199	get 0.0025% / 1h	4m 20s	$22K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.007%Rate

Funding earned: $41.88
Price spread: −0.007% → −0.040%: $3.27
Slippage, 4 orders: −$14.98
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $14.17
Costs to cover: 0.310%
Break-even: 4.6 days

Slippage from GRVT: live order book, 18 min ago; Deribit: live order book, 19 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, 18 min ago	1.12 bp	9.8 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell Deribit live order book, 19 min ago	0.14 bp	3.6 bp −$4	7.0 bp −$70	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	356.00	−0.049%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.108%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.09	−0.025%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.27	+0.027%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.11	−0.018%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	+0.018%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perplong	0.0000%	8h	356.17	long leg	$23K	$507K	10x
SunX GOOGL-USDT	0.0000%	8h	356.24	+0.018%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.39	+0.060%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.27	+0.027%	$2.7M	$64K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.99	−0.053%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0023%	8h	356.28	+0.029%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	356.23	+0.016%	$422K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.024%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.265%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0041%	8h	356.33	+0.044%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.18	+0.002%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.20	+0.007%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.00	−0.049%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.05	−0.035%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.01	−0.046%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.80	−0.105%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0052%	8h	356.13	−0.013%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.16	−0.005%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.03	−0.041%	$202K	$303K	10x	as long as short
BloFin GOOGL-USDT	+0.0080%	8h	356.15	−0.007%	$688K	$235K	20x	as long as short
Nado GOOGL-PERP	+0.0089%	1h	355.92	−0.073%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.080%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.108%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.90	−0.077%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.13	−0.013%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.08	−0.028%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.063%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	+0.0199%	1h	356.15	−0.007%	$22K	$151K	10x
Lighter GOOGL	+0.0200%	1h	356.26	+0.024%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0398%	4h	356.14	−0.008%	$208K	$1.2M	10x	as long as short