Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.001%

Price spread now: KuCoin against Injective−0.087%115s7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$304as 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−$3063.060% of the position

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.087%, 7d avg −0.122%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.035% dearer against Injective than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.122%. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

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	49m 23s	$128K	$45K	30x
Short	KuCoin GOOGLUSDTM	356.81	0.0067	get 0.0067% / 8h	49m 23s	$3.0M	$101K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.087%Rate

Funding earned: $7.07
Price spread: −0.087% → −0.122%: $3.5
Slippage, 4 orders: −$293.94
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$295.39
Costs to cover: 3.060%
Break-even: 299.5 days

Slippage from Injective: live order book, 54 min ago; KuCoin: live order book, 8 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, 54 min ago	9.94 bp	10.0 bp −$10	10.0 bp −$100	57277.1 bp −$5.73M	326384.8 bp −$163.19M
Sell KuCoin live order book, 8 min ago	4.49 bp	129.3 bp −$129	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	356.60	−0.146%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0004%	1h	357.02	−0.027%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.23	+0.031%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.09	−0.008%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.18	+0.017%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.10	−0.007%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.13	+0.004%	$23K	$450K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.25	+0.036%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.99	−0.036%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.29	+0.048%	$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	357.19	+0.020%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	357.29	+0.047%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	357.06	−0.017%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.08	−0.011%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0030%	8h	357.25	+0.035%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.15	+0.008%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.15	+0.007%	$427K	$2.2M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
QFEX GOOGL-USD	+0.0035%	1h	357.14	+0.006%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.90	−0.062%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.30	+0.050%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.08	−0.011%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.94	−0.050%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.025%	$132	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.83	−0.081%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.16	+0.010%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTMshort	+0.0067%	8h	356.81	−0.087%	$3.0M	$101K	20x
Pacifica GOOGL	+0.0100%	1h	356.97	−0.041%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.91	−0.059%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.08	−0.011%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.10	−0.005%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0109%	8h	357.25	+0.036%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.11	−0.003%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0120%	8h	357.13	+0.003%	$689K	$236K	20x	as long as short
Lighter GOOGL	+0.0128%	1h	357.21	+0.025%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0249%	4h	357.08	−0.012%	$208K	$1.2M	10x	as long as short