Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0700%/8h= +76.7% APRpaid last 24h +0.218%

Price spread now: edgeX against GRVT−0.022%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.022%, 7d avg −0.011%

Together, before fees+0.087%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.3% a year). A funding rate is set anew for every payment. 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	357.77	0	get 0.0000% / 8h	4h 17m	$23K	$434K	10x
Short	edgeX GOOGLUSDC	357.69	0.0700	get 0.0350% / 4h	17m 32s	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $147.06
Price spread: −0.022% → −0.011%: −$1.05
Slippage, 4 orders: −$11.01
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $117
Costs to cover: 0.290%
Break-even: 1.4 days

Slippage from GRVT: live order book, 40 min ago; edgeX: live order book, 1 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, 40 min ago	1.12 bp	6.9 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	3.36 bp	8.1 bp −$8	11.3 bp −$113	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	−0.064%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.80	+0.009%	$17.5M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perplong	0.0000%	8h	357.77	long leg	$23K	$434K	10x
SunX GOOGL-USDT	0.0000%	8h	357.77	+0.001%	$719	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.56	−0.058%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.86	+0.026%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.74	−0.008%	$2.7M	$86K	10x	as long as short
Variational Omni GOOGL	+0.0004%	8h	357.76	−0.002%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.60	−0.046%	$144K	$48K	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	357.78	+0.004%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.181%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.45	−0.089%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.76	−0.002%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.030%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.56	−0.058%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.51	−0.072%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	−0.064%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.38	−0.108%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0070%	8h	357.94	+0.048%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0082%	1h	357.54	−0.065%	$558K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.69	−0.023%	$426K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	357.55	−0.061%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0089%	8h	357.77	+0.001%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.50	−0.075%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.35	−0.117%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.51	−0.072%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.66	−0.030%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.63	−0.037%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.68	−0.024%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.64	−0.036%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0112%	8h	357.75	−0.005%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0209%	8h	357.77	+0.001%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0210%	8h	357.86	+0.026%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.78	+0.004%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0700%	4h	357.69	−0.022%	$209K	$1.2M	10x