Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h +0.011%

Price spread now: Polymarket Perps against GRVT−0.259%63s7-day average −0.069% · 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−$270.270% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.271%+$27 · spread now −0.259%, 7d avg −0.069%

Together, before fees+0.343%+ Points / potential airdropGRVT: Active · farm board+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.190% cheaper against GRVT than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.069%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.073%, so the current rate has only just turned against you. The two prices were read 63 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	359.28	0.0172	pay 0.0172% / 8h	5h 56m	$24K	$450K	10x
Short	Polymarket Perps GOOG-USD	358.35	0.0050	get 0.0006% / 1h	56m 29s	$686K	$413K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.259%Rate

Funding earned: −$25.62
Price spread: −0.259% → −0.069%: −$19
Slippage, 4 orders: −$9.97
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$71.59
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from GRVT: live order book, 54 min ago; Polymarket Perps: live order book, 54 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, 54 min ago	1.25 bp	6.2 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 54 min ago	2.79 bp	6.8 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	−0.1600%	1h	357.90	−0.384%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	358.38	−0.250%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	358.48	−0.223%	$11.6M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.56	−0.200%	$13.6M	$13.6M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.39	−0.248%	$3.7M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.53	−0.209%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.67	−0.170%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.78	−0.139%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.89	−0.108%	$2.7M	$114K	10x	as long as short
Variational Omni GOOGL	+0.0011%	8h	359.14	−0.039%	$5.0M	$2.3M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.71	−0.159%	$145K	$42K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0029%	1h	358.47	−0.225%	$29K	$152K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.38	−0.250%	$1.3M	$1.7M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.601%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.57	−0.197%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.27	−0.281%	$98.0M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	358.35	−0.259%	$686K	$413K	10x
SoDEX GOOGL-USD	+0.0050%	1h	358.45	−0.231%	$113	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.08	−0.334%	$2.3M	$3.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	358.46	−0.228%	$1.3M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	358.35	−0.260%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0065%	8h	358.45	−0.230%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	358.25	−0.288%	$552K	$82K	20x	as long as short
Binance GOOGLUSDT	+0.0085%	8h	358.50	−0.217%	$73.2M	$144.5M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	358.38	−0.249%	$426K	$2.4M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.12	−0.322%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.30	−0.273%	$3.0M	$242K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.70	−0.161%	$27K	$13K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.54	−0.206%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.53	−0.208%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	358.37	−0.253%	$2.0M	$2.1M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.95	−0.092%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perplong	+0.0172%	8h	359.28	long leg	$24K	$450K	10x
Arcus GOOGL-USD	+0.0199%	1h	358.30	−0.273%	$211K	$245K	10x	as long as short
BloFin GOOGL-USDT	+0.0205%	8h	358.74	−0.150%	$690K	$242K	20x	as long as short
edgeX GOOGLUSDC	+0.0388%	4h	359.09	−0.052%	$210K	$1.2M	10x	as long as short