Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.042%

Price spread now: BloFin against Injective−0.154%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 3 days (all we have)+0.192%+$19 · spread now −0.154%, 7d avg −0.050%

Together, before fees+0.468%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.104% cheaper against Injective than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.050%). If the spread goes back, that is −$10 on $10k: about 41 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GOOGL/USDC PERP	357.12	0.0033	pay 0.0004% / 1h	29m 13s	$128K	$45K	30x
Short	BloFin GOOGL-USDT	356.57	0.0237	get 0.0237% / 8h	7h 29m	$690K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.154%Rate

Funding earned: $42.81
Price spread: −0.154% → −0.050%: −$10.38
Slippage, 4 orders: −$21.6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.19
Costs to cover: 0.336%
Break-even: 7.2 days

Slippage from Injective: live order book, 44 min ago; BloFin: live order book, 42 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 Injective live order book, 44 min ago	10.37 bp	10.4 bp −$10	10.4 bp −$104	57281.1 bp −$5.73M	326404.8 bp −$163.20M
Sell BloFin live order book, 42 min ago	0.14 bp	6.7 bp −$7	8.4 bp −$84	14.6 bp −$1,461	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
Gate GOOGL_USDT	0.0000%	8h	356.45	−0.188%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.41	−0.199%	$23K	$462K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.56	−0.157%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.25	−0.244%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.68	−0.123%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.43	−0.193%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.14	−0.275%	$144K	$52K	10x	as long as short
Lighter GOOGL	+0.0032%	1h	356.48	−0.179%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.55	−0.160%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.356%	$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 PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Nado GOOGL-PERP	+0.0041%	1h	356.32	−0.224%	$557K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	−0.165%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.35	−0.216%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	−0.218%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.30	−0.230%	$172	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.20	−0.258%	$2.2M	$4.8M	15x	as long as short
Variational Omni GOOGL	+0.0053%	8h	356.39	−0.204%	$4.8M	$2.3M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.43	−0.193%	$1.3M	$4.7M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	356.36	−0.213%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0079%	8h	356.52	−0.169%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0084%	8h	356.52	−0.168%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0096%	8h	356.70	−0.119%	$365K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.32	−0.225%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.11	−0.283%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	−0.258%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.37	−0.210%	$10K	$10K	20x	as long as short
Bybit GOOGLUSDT	+0.0102%	8h	356.50	−0.174%	$11.5M	$7.7M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.41	−0.198%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0117%	8h	356.58	−0.152%	$72.9M	$142.2M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.49	−0.175%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	−0.238%	$137K	$48K	20x	as long as short
edgeX GOOGLUSDC	+0.0160%	4h	356.40	−0.201%	$209K	$1.2M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.63	−0.137%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDTshort	+0.0237%	8h	356.57	−0.154%	$690K	$234K	20x
Arcus GOOGL-USD	+0.0306%	1h	356.22	−0.252%	$202K	$271K	10x	as long as short