Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.015%

Price spread now: GRVT against Injective−0.028%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

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

Long on Injective Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.028%, 7d avg −0.006%

Together, before fees−0.038%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.023% cheaper against Injective than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

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	4m 35s	$128K	$45K	30x
Short	GRVT GOOGL_USDT_Perp	357.02	0	get 0.0000% / 8h	1h 04m	$23K	$445K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$7
Price spread: −0.028% → −0.006%: −$2.25
Slippage, 4 orders: −$22.88
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$41.15
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Injective: live order book, 39 min ago; GRVT: live order book, 38 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, 39 min ago	9.94 bp	10.0 bp −$10	10.0 bp −$100	57277.1 bp −$5.73M	326384.8 bp −$163.19M
Sell GRVT live order book, 38 min ago	0.84 bp	5.8 bp −$6	10.3 bp −$103	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.146%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.12	0.000%	$13.6M	$13.1M	50x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.91	−0.059%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.97	−0.042%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.15	+0.008%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.04	−0.022%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perpshort	0.0000%	8h	357.02	−0.028%	$23K	$445K	10x
SunX GOOGL-USDT	0.0000%	8h	357.11	−0.003%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.21	+0.025%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.15	+0.008%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0012%	8h	357.25	+0.037%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0013%	1h	356.95	−0.047%	$549K	$92K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.95	−0.048%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.05	−0.020%	$1.3M	$2.1M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.01	−0.032%	$423K	$1.4M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Binance GOOGLUSDT	+0.0034%	8h	357.11	−0.003%	$72.0M	$143.7M	50x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	−0.025%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.82	−0.084%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.21	+0.025%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.95	−0.048%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.85	−0.076%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.94	−0.050%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.109%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.08	−0.011%	$293	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.00	−0.034%	$24K	$156K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0082%	8h	356.62	−0.140%	$3.0M	$100K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.90	−0.062%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.91	−0.058%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.83	−0.081%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.94	−0.050%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.97	−0.043%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.07	−0.014%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0126%	8h	357.08	−0.011%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0140%	8h	357.12	0.000%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0880%	4h	357.00	−0.033%	$208K	$1.2M	10x	as long as short