Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.040%

Price spread now: Extended against GRVT+0.004%72s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as 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−$190.190% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.004%, 7d avg −0.023%

Together, before fees+0.098%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.027% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.023%. The two prices were read 72 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	356.39	0	get 0.0000% / 8h	7h 32m	$23K	$467K	10x
Short	Extended GOOGL-USD	356.41	0.0120	get 0.0015% / 1h	32m 16s	$421K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.004%Rate

Funding earned: $25.2
Price spread: +0.004% → −0.023%: $2.74
Slippage, 4 orders: −$4.99
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $8.96
Costs to cover: 0.190%
Break-even: 4.5 days

Slippage from GRVT: live order book, 40 min ago; Extended: 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	0.98 bp	6.3 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.14 bp	3.5 bp −$4	9.4 bp −$94	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	356.29	−0.029%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.41	+0.005%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perplong	0.0000%	8h	356.39	long leg	$23K	$467K	10x
SunX GOOGL-USDT	0.0000%	8h	356.52	+0.036%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.29	−0.029%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.41	+0.005%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.43	+0.011%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.12	−0.075%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.54	+0.042%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.152%	$528K	$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
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.204%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.46	+0.019%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERP	+0.0042%	1h	356.32	−0.021%	$558K	$80K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.50	+0.030%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.28	−0.031%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.30	−0.026%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.26	−0.037%	$166	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.10	−0.082%	$2.2M	$5.0M	15x	as long as short
Variational Omni GOOGL	+0.0057%	8h	356.37	−0.006%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.42	+0.008%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0081%	8h	356.49	+0.026%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0090%	8h	356.51	+0.033%	$17.0M	$9.3M	100x	as long as short
Aster GOOGLUSDT	+0.0099%	8h	356.68	+0.082%	$365K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.026%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.03	−0.102%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.18	−0.059%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.33	−0.017%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.37	−0.006%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0110%	8h	356.56	+0.047%	$11.5M	$7.7M	100x	as long as short
Binance GOOGLUSDT	+0.0120%	8h	356.48	+0.024%	$72.9M	$142.3M	50x	as long as short
Extended GOOGL-USDshort	+0.0120%	1h	356.41	+0.004%	$421K	$2.0M	20x
Phoenix GOOGL	+0.0157%	1h	356.21	−0.051%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.41	+0.005%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.40	+0.002%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.15	−0.068%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0581%	4h	356.41	+0.006%	$209K	$1.2M	10x	as long as short