Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: SunX against GRVT+0.008%46s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as 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−$1141.138% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.008%, 7d avg +0.011%

Together, before fees+0.036%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	357.56	0	get 0.0000% / 8h	17m 23s	$23K	$449K	10x
Short	SunX GOOGL-USDT	357.59	0	get 0.0000% / 8h	17m 23s	$1K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.011%: −$0.28
Slippage, 4 orders: −$96.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$114.07
Costs to cover: 1.138%
Break-even: never at this rate

Slippage from GRVT: live order book, 20 min ago; SunX: live order book, 11 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, 20 min ago	0.84 bp	7.3 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	45.88 bp	50.4 bp −$50	doesn't fit	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
Deribit GOOGL_USDC-PERPETUAL	−0.0086%	1h	357.25	−0.087%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.131%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0007%	1h	357.39	−0.048%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.60	+0.011%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.39	−0.048%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.64	+0.022%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.51	−0.013%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perplong	0.0000%	8h	357.56	long leg	$23K	$449K	10x
SunX GOOGL-USDTshort	0.0000%	8h	357.59	+0.008%	$1K	$4.0M	20x
HTX GOOGL-USDT	0.0000%	8h	357.69	+0.036%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.59	+0.008%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0006%	8h	357.73	+0.047%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.38	−0.050%	$144K	$44K	10x	as long as short
Binance GOOGLUSDT	+0.0028%	8h	357.59	+0.008%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.49	−0.020%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.50	−0.018%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.123%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.47	−0.025%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.30	−0.073%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.048%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.44	−0.034%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	−0.056%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.33	−0.064%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.103%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.51	−0.013%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0051%	8h	357.07	−0.137%	$3.0M	$105K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.32	−0.067%	$33K	—	20x	as long as short
Bybit GOOGLUSDT	+0.0085%	8h	357.64	+0.022%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.32	−0.066%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.35	−0.059%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.40	−0.045%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.55	−0.003%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	−0.067%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0114%	8h	357.53	−0.008%	$689K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0159%	4h	357.53	−0.010%	$208K	$1.2M	10x	as long as short