Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.113%

Price spread now: edgeX against Injective−0.238%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.238%, 7d avg −0.065%

Together, before fees−0.078%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.173% cheaper against Injective than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of −0.065%). If the spread goes back, that is −$17 on $10k: about 30 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.135%, so the current rate has only just turned in your favour.

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	0m 41s	$128K	$45K	30x
Short	edgeX GOOGLUSDC	356.27	0.0052	get 0.0026% / 4h	2h 00m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.238%Rate

Funding earned: $4
Price spread: −0.238% → −0.065%: −$17.32
Slippage, 4 orders: −$27.44
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$49.78
Costs to cover: 0.365%
Break-even: 94.2 days

Slippage from Injective: live order book, 23 min ago; edgeX: live order book, 3 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, 23 min ago	9.40 bp	9.4 bp −$9	9.4 bp −$94	57266.1 bp −$5.73M	326330.1 bp −$163.17M
Sell edgeX live order book, 3 min ago	3.37 bp	8.1 bp −$8	11.4 bp −$114	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	−0.0056%	1h	356.08	−0.291%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.372%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.22	−0.252%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	−0.247%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.19	−0.261%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.30	−0.230%	$994	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.41	−0.199%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.28	−0.235%	$2.7M	$64K	10x	as long as short
Bybit GOOGLUSDT	+0.0002%	8h	356.37	−0.210%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0009%	8h	356.44	−0.190%	$362K	$455K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.06	−0.297%	$144K	$55K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.31	−0.227%	$1.4M	$2.6M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	356.26	−0.241%	$422K	$1.6M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Binance GOOGLUSDT	+0.0034%	8h	356.31	−0.227%	$72.9M	$141.8M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.20	−0.258%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.21	−0.255%	—	$5K	25x	as long as short
OKX GOOGL-USDT-SWAP	+0.0048%	8h	356.36	−0.213%	$13.8M	$12.9M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.08	−0.291%	$98.0M	$25.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.09	−0.288%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.09	−0.288%	$192	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.99	−0.316%	$2.3M	$5.0M	15x	as long as short
edgeX GOOGLUSDCshort	+0.0052%	4h	356.27	−0.238%	$208K	$1.2M	10x
Bitget GOOGLUSDT	+0.0058%	8h	356.34	−0.218%	$16.9M	$9.3M	100x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.09	−0.288%	$202K	$270K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0078%	8h	356.29	−0.232%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0096%	1h	355.94	−0.330%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.91	−0.338%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.85	−0.356%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.347%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.20	−0.258%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.19	−0.260%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.328%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0125%	8h	356.15	−0.272%	$690K	$235K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	356.31	−0.227%	$2.0M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0228%	1h	356.18	−0.263%	$22K	$151K	10x	as long as short