Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: tradeXYZ against GRVT−0.123%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on GRVT Short on tradeXYZ

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)+0.081%+$8 · spread now −0.123%, 7d avg −0.084%

Together, before fees+0.165%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.039% cheaper against GRVT than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.084%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	356.53	0	get 0.0000% / 8h	7h 23m	$23K	$452K	10x
Short	tradeXYZ xyz:GOOGL	356.09	0.0050	get 0.0006% / 1h	23m 27s	$98.2M	$22.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.123%Rate

Funding earned: $10.5
Price spread: −0.123% → −0.084%: −$3.91
Slippage, 4 orders: −$4.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$25.27
Costs to cover: 0.319%
Break-even: 23.8 days

Slippage from GRVT: live order book, 49 min ago; tradeXYZ: live order book, 6 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, 49 min ago	0.98 bp	6.3 bp −$6	9.7 bp −$97	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.14 bp	9.8 bp −$10	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
Hotstuff GOOGL-PERP	−0.0032%	1h	356.16	−0.103%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.29	−0.067%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perplong	0.0000%	8h	356.53	long leg	$23K	$452K	10x
SunX GOOGL-USDT	0.0000%	8h	356.40	−0.036%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.12	−0.115%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.46	−0.019%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.034%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.16	−0.102%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.33	−0.056%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.190%	$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	+0.166%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.26	−0.075%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERP	+0.0046%	1h	356.05	−0.134%	$556K	$80K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.30	−0.064%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0049%	8h	356.48	−0.015%	$4.8M	$2.3M	—	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	356.09	−0.123%	$98.2M	$22.2M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.06	−0.131%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.20	−0.092%	$177	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.106%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.19	−0.095%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0076%	8h	356.26	−0.076%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0076%	8h	356.42	−0.030%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0092%	8h	356.53	+0.001%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0099%	8h	356.35	−0.050%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.04	−0.138%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.92	−0.171%	$3.0M	$64K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.30	−0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.25	−0.078%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.27	−0.071%	$25K	—	10x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.18	−0.099%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0113%	8h	356.26	−0.077%	$72.8M	$142.0M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	−0.033%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0191%	8h	356.41	−0.033%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0234%	8h	356.54	+0.003%	$689K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.081%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0538%	4h	356.48	−0.014%	$209K	$1.2M	10x	as long as short