Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.001%

Price spread now: SoDEX against GRVT−0.047%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.047% cheaper against GRVT than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	357.98	0.0027	pay 0.0027% / 8h	3h 19m	$24K	$443K	10x
Short	SoDEX GOOGL-USD	357.81	0.0050	get 0.0006% / 1h	19m 07s	$150	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $4.83
Price spread: −0.047% → 0.000%: −$4.71
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.88
Costs to cover: 0.170%
Break-even: 31.5 days

Slippage unknown: GRVT: live order book, 34 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 34 min ago	1.26 bp	6.1 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0008%	1h	357.78	−0.055%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.92	−0.016%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.08	+0.028%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.06	+0.023%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.00	+0.006%	$115K	$217K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.10	+0.034%	$2.7M	$85K	10x	as long as short
Nado GOOGL-PERP	+0.0015%	1h	357.73	−0.069%	$558K	$86K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.086%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.83	−0.042%	$144K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perplong	+0.0027%	8h	357.98	long leg	$24K	$443K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0028%	8h	358.00	+0.007%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.01	+0.009%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.240%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.71	−0.075%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.95	−0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.81	−0.047%	$99.3M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.78	−0.055%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USDshort	+0.0050%	1h	357.81	−0.047%	$150	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.65	−0.092%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.93	−0.014%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	357.95	−0.007%	$294	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0085%	8h	358.01	+0.009%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0085%	8h	357.78	−0.056%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.00	+0.006%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.52	−0.128%	$3.0M	$105K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.66	−0.089%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.86	−0.033%	$10K	$11K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.97	−0.003%	$419K	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.89	−0.024%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0105%	8h	358.06	+0.023%	$72.5M	$142.5M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0141%	1h	357.82	−0.044%	$24K	$156K	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.77	−0.058%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	357.99	+0.003%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0225%	8h	358.07	+0.026%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0243%	8h	358.18	+0.056%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0716%	4h	357.99	+0.003%	$209K	$1.2M	10x	as long as short